Mayor of Barceloneta Arrested for Bribery U.S. Attorney’s Office February 15, 2012 District of Puerto Rico (787) 766-5656 Press Release, Public Corruption SAN JUAN, PR—Today, Sol Luis Fontanes-Olivo, mayor of the municipality of Barceloneta, Puerto Rico, was arrested by Federal Bureau of Inv
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02/16/2012
Former Bank President and Real Estate Developer Charged with Conspiracy to Commit Bank Fraud U.S. Attorney’s Office February 15, 2012 Eastern District of Louisiana (504) 680-3000 Fraud, Press Release NEW ORLEANS—REGINALD R. HARPER, age 58, a resident of Hammond, Louisiana, and TROY A. FOUQUE
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02/16/2012
Two North County Loan Officers Charged in Scheme to Fraudulently Obtain Mortgages in Carlsbad and Siphon Nearly $1 Million in Bogus Fees U.S. Attorney’s Office February 14, 2012 Southern District of California (619) 557-5610 Mortgage Fraud, Press Release United States Attorney Laura E. Duffy
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02/15/2012
Operators of Mortgage Loan Modification Business Plead Guilty to Conspiracy to Commit Fraud U.S. Attorney’s Office February 14, 2012 Southern District of California (619) 557-5610 Mortgage Fraud, Press Release SAN DIEGO, CA—Three individuals charged with conspiracy to commit wire fraud and m
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02/15/2012
Raleigh Realtor Pleads Guilty to Bankruptcy Fraud U.S. Attorney’s Office February 15, 2012 Eastern District of North Carolina (919) 856-4530 Fraud, Press Release NEW BERN—United States Attorney Thomas G. Walker announced that in federal court yesterday GARY KEVIN COATS, pled guilty before Un
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02/15/2012
Ratings on Mortgage-Backed Securities Leads to Lawsuit Standard & Poor is the subject of a civil lawsuit for its fraudulent role in assigning its highest ratings to risky mortgage-backed investments in the years leading up to the housing market crash. The complaint alleges that Standard & Poor's,
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02/15/2012
Closing Attorney Admits Recruiting Straw Buyers Michael R. Senick, 63, Old Tappan, New Jersey, a Bergen County lawyer, admitted to participating in a mortgage fraud scheme that caused lenders to release approximately $400,000 based on fraudulent mortgage loan applications. The defendant pleaded g
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02/15/2012
Title Company Owner Sent to Prison for Stealing Escrow Funds Stephen J. Troese, Sr., 72, Davidsonville, Maryland, was sentenced by U.S. District Judge William M. Nickerson to a year and a day in prison followed by three years of supervised release for wire fraud arising from a scheme to defraud l
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02/15/2012
Man Indicted for Cash Back Mortgage Fraud Scam Mariano Vincente Cano, 39, was arrested in Las Vegas, Nevada, on an indictment that was returned by an Arizona federal grand jury on January 19, 2012. The indictment charges Cano with violations of federal law related to a cash back mortgage fraud s
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02/15/2012
