real estate fraud: Mortgage Fraud Blog for September 9, 2014 - 09/09/14 02:31 PM
    Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (6 comments)

real estate fraud: Shyster Guilty of Investment and Real Estate Frauds - 09/09/14 12:38 PM
Attorney Admits Role in Investment and Real Estate Frauds
TRENTON, NJ—An Ocean County, New Jersey, attorney today admitted his role in a scheme that defrauded investors in connection with a Facebook IPO and several real estate deals, U.S. Attorney Paul J. Fishman announced.
Fred Todd, 61, of Lakewood, New Jersey,
pleaded guilty before U.S. District Judge Joel A. Pisano in Trenton federal court to an information charging him with one count of conspiracy to commit wire fraud and one count of transacting in criminal proceeds.
According to documents filed in this case and statements made in court:
Todd is … (2 comments)

real estate fraud: Another Attorney Will Go to Prison for Bank Fraud and Money Laundering - 09/04/14 07:04 AM
Former Grosse Pointe Attorney Sentenced for Bank Fraud and Money Laundering
A former Grosse Pointe attorney was sentenced to prison for bank fraud and money laundering, U.S. Attorney Barbara L. McQuade announced today.
McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the FBI Detroit Field Office.
Kenneth Flaska
was sentenced to 64 months in prison
by U.S. District Judge Paul Borman in a case involving a loss to victims in the amount of $2,756,786.63.
Flaska pleaded guilty to one count of bank fraud and one count of money laundering in April … (2 comments)

real estate fraud: Belleville Man Admits Role in $15 Million Mortgage Fraud Scheme - 09/03/14 02:32 AM
Belleville Man Admits Role in $15 Million Mortgage Fraud Scheme
CAMDEN, NJ—An Essex County, New Jersey, man today admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and “straw buyers” to make illegal profits on overbuilt condos, U.S. Attorney Paul J. Fishman announced.
Larry Fullenwider,
63, of Belleville, New Jersey,
pleaded guilty before U.S. District Judge Jerome B. Simandle in Camden federal court to a second superseding indictment charging him with one count of conspiracy to commit wire fraud. Using the alias “Stanley Hyde,” Fullenwider admitted purchasing four … (6 comments)

real estate fraud: Bethel Park Man Pleads Guilty in Mortgage Fraud Scheme - 09/02/14 09:12 AM
Bethel Park Man Pleads Guilty in Mortgage Fraud Scheme
PITTSBURGH—
The founder of a mortgage brokerage firm pleaded guilty in federal court to a charge of conspiracy to commit wire fraud and bank fraud, United States Attorney David J. Hickton announced today.
Richard Stromberg, 49, of Bethel Park, Pa.,
pleaded guilty before Senior United States District Judge Donetta Ambrose.
In connection with the guilty plea, the court was advised that Stromberg has been in the mortgage broker business since the 1990s.
He worked first at a company called Century Three Home Equity and then opened his own business, which … (2 comments)

real estate fraud: Fraud Involving Mineral Rights Nets 32mos in Prison for Louisiana Man - 09/02/14 05:07 AM
Mail Fraud Involving Mineral Rights Results in 32Months in Prison and $1 Million Restitution for Louisiana Man
 
OKLAHOMA CITY, OK—
JORDAN SIMON, 34, of Baton Rouge, Louisiana,
was sentenced by United States District Judge Joe Heaton to serve 32 months in prison for mail fraud involving mineral rights, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma.
According to court records, from November of 2011 through March of 2013, Simon induced an Oklahoma woman to sell her mineral rights to Simon’s company,Iconic Resources, promising to pay her for those rights.
However, Simon sold the mineral rights … (1 comments)

real estate fraud: Real Estate Fraud Report for September 2, 2014 - 09/01/14 05:12 PM
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real estate fraud: Real Estate Fraud Report for September 1, 2014 - 09/01/14 03:51 AM
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real estate fraud: Real Estate Fraud Report for August 31, 2014 - 08/31/14 08:08 AM

 
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real estate fraud: Real Estate Fraud Report for August 30, 2014 - 08/29/14 05:24 PM

 
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real estate fraud: Real Estate Fraud Report for August 28, 2014 - 08/28/14 12:00 PM
 
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real estate fraud: Ex Cook County Employee Arrested for Allegedly Swindling from U.S. - 08/28/14 10:15 AM
Former Cook County Employee Arrested for Allegedly Swindling $330,000 from $10.3 Million U.S. Flood Relief Grant
CHICAGO—A former Cook County employee who managed a $10.3 million federal grant to assist county residents who were impacted by floods in 2008 was arrested today on federal charges for allegedly engaging in a fraud scheme with several contractors and swindling at least $330,000 from the program. A vendor who allegedly kicked-back more than $100,000 was indicted together with the former county official.
BARRY CROALL, 45, of Montgomery, Ill.,
was a county program manager who oversaw disbursement of the grant funds for Cook … (5 comments)

real estate fraud: Two Cal Residents Get Prison for Computer Theft from Online Broker - 08/28/14 06:32 AM
Two California Residents Sentenced to Prison for Computer Theft from Charlotte-Based Online Mortgage Broker
CHARLOTTE, NC—U.S. District Judge Robert J. Conrad, Jr. sentenced two California residents to prison on Tuesday, August 26, 2014, for their role involving computer theft from a nation-wide online mortgage broker (the “company”), announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.
Brian Matthew Rich, 40, of Laguna Beach, Calif.,
was sentenced to 24 months in prison, followed by two years of supervised release.
Marcus Alan Avritt, 42, of Seal Beach, Calif.
was sentenced to 15 months in prison and two … (6 comments)

real estate fraud: Chicago Man Allegedly Exploited U.S. Visa Program to Defraud Investors - 08/28/14 01:01 AM
Chicago Man Allegedly Exploited U.S. Visa Program to Defraud Chinese Investors of $160 Million in Purported O’Hare Complex
CHICAGO—A Chicago man who purported to be building a $912 million hotel and convention center complex near O’Hare International Airport was indicted today on federal charges for allegedly exploiting a U.S. visa program to fraudulently raise approximately $160 million from some 290 Chinese nationals who invested in the project while seeking U.S. residency.
The defendant,
ANSHOO SETHI, 30, of Chicago,
was charged with eight counts of wire fraud and two counts of making false statements in a 10-count indictment returned today … (3 comments)

real estate fraud: Real Estate Fraud Report for August 27, 2014 - 08/27/14 01:17 AM
 
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real estate fraud: Mortgage Fraud Blog for August 27, 2014 - 08/27/14 01:13 AM
      Mortgage Fraud Blog sends me an update email once per week.   The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (4 comments)

real estate fraud: Former Leader of Hindu Temple of Georgia Convicted on Fraud Charges - 08/25/14 09:27 AM
Former Leader of Hindu Temple of Georgia Convicted on Fraud and Obstruction Charges
ATLANTA—
Annamalai Annamalai,
a/k/a Dr. Commander Selvam,
a/k/a Swamiji Sri Selvam Siddhar,
the former leader of the now defunct Hindu Temple of Georgia, was convicted of 34 felony counts following a two-week jury trial.
“This defendant traded on his perceived religious authority and spiritual powers to cheat the faithful who believed in him,” said United States Attorney Sally Quillian Yates. “The jury saw through his deception, and he is being held accountable for his fraud.”
“Annamalai Annamalai clearly took advantage of his religious standing in … (6 comments)

real estate fraud: Buffalo Man Guilty of Drug Charges Involving Housing Projects - 08/25/14 05:15 AM
Buffalo Man Pleads Guilty to Drug Charges Involving Perry Housing Projects
BUFFALO, NY—U.S. Attorney William J. Hochul, Jr. announced today that
Darnell Brown, 30, of Buffalo, N.Y.,
pleaded guilty to conspiracy to possess with intent to distribute 280 grams or more of cocaine base within the Perry Housing Projects before Chief U.S. District Judge William M. Skretny. The charge carries a mandatory minimum penalty of 10 years in prison, a maximum of life and a $10,000,000 fine.
Assistant U.S. Attorney Timothy C. Lynch, who is handling the Perry Projects case, stated that the investigation focused on the drug trafficking … (4 comments)

real estate fraud: Los Angeles Women Gets 3 Years in Prison for $2 Million Mortgage Fraud - 08/25/14 05:05 AM
Los Angeles Women Sentenced to Prison in $2 Million Mortgage Fraud Scheme
LOS ANGELES—A Los Angeles woman was sentenced today to three years in federal prison for orchestrating a scheme that led to the fraudulent purchase of four properties worth more than $2 million.
Soo Kyung Hong, who also used the name “Maria Hong,” 48,
a resident of the Miracle Mile section of Los Angeles, was sentenced today by United States District Judge John F. Walter. In addition to the 36-month prison term, Judge Walter ordered Hong to pay approximately $2 million in restitution, which includes losses from four … (6 comments)

real estate fraud: Bergen County Man & Disbarred NY Attorney Indicted in RE Fraud Scheme - 08/22/14 01:59 AM
Bergen County Man and Disbarred New York Attorney Indicted in Real Estate Investment Fraud Scheme
NEWARK, NJ—Two men were indicted by a federal grand jury today for allegedly using a real estate investment scheme to defraud 15 victims of more than $3 million, U.S. Attorney Paul J. Fishman announced.
Paul Mancuso, 46, of Glen Rock, New Jersey,
is charged by indictment with one count of conspiracy to commit wire fraud and five counts of wire fraud.
Pasquale Stiso, 52, of West Harrison, New York,
is charged by indictment with one count of conspiracy to commit wire fraud and one … (0 comments)

 
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David Saks

Memphis, TN

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Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher. Nothing will be published that has not been verified via the public record or consent provided.The use of the names or initials of the Federal Bureau of Investigation, the Drug Enforcement Administration, and the United States Marshals Service is governed by 18 U.S.C. sec. 709, which prohibits their unauthorized use in a manner calculated to convey the impression that such use is approved, endorsed, or authorized by that component, unless written permission has been received from the head of the respective component. Where initials are found within this blog site they are not used in a manner calculated to convey the impression that such use is approved, endorsed or authorized by that component. Please see the Department of Justice Legal Policies at:http://www.justice.gov/legalpoliciesPlease contact David with any questions.
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