real estate fraud: LAWYER / TITLE AGENT CHARGED IN VERSAILLES MORTGAGE FRAUD SCHEME - 10/19/11 09:59 AM
Lawyer/Title Agent Charged in Versailles Mortgage Fraud Scheme Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office; Jeff Atwater, Chief Financial Officer, Florida Department of Financial Services; and the Palm Beach County Mortgage Fraud Task Force, announced the filing of a criminal information charging defendant Kimberly S. Daise, 48, an attorney, of Miami, Florida, in connection with a mortgage fraud scheme relating to a property in the Versailles development in Wellington, Florida. Daise made her initial appearance in federal court this morning before … (0 comments)

real estate fraud: TITLE COMPANY OWNER AND PRESIDENT PLEADS GUILTY IN $3.1 MILLION DOLLAR MORTGAGE FRAUD SCHEME - 10/19/11 09:56 AM
Title Company Owner and President Pleads Guilty in $3.1 Million Mortgage Fraud Scheme BALTIMORE—James Kevin Hughes, age 53, of Crownsville, Maryland, pleaded guilty yesterday to wire fraud arising from a scheme to defraud lenders and a title insurance company of approximately $3.1 million. A co-defendant is scheduled for trial on November 7, 2011. The plea agreement was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
According to his plea agreement, Hughes was a part-owner, president, and oversaw the day-to-day activities of Troese/Hughes, … (0 comments)

real estate fraud: WOMAN SENTENCED TO 18 MONTHS IN PRISON FOR MORTGAGE FRAUD CONSPIRACY - 10/18/11 06:43 PM
Woman Sentenced for Mortgage Fraud Conspiracy Deborah Kitay, 53, Leetsdale, Pennsylvania, was sentenced by United States District Judge Joy Flowers Conti to 18 months in prison for her participation in a mortgage fraud conspiracy. The Defendant was also sentenced to and three years of supervised release on her convictions for failing to file her income tax returns and wire fraud conspiracy. According to information presented to the court, Kitay participated in a mortgage fraud conspiracy in which she and other members of the conspiracy submitted false loan applications to lending institutions that overstated the borrowers' income and assets, among other misrepresentations. 
(2 comments)

real estate fraud: DEVELOPER SENTENCED TO SEVEN YEARS IN FEDERAL PRISON FOR STEALING 1031 EXCHANGE FUNDS - 10/18/11 06:39 PM
Developer Sentenced for Stealing 1031 Exchange Funds Ezri Namvar, 59, Brentwood, California, a prominent Los Angeles businessman and real estate developer, was sentenced to seven years in federal prison for stealing approximately $21 million from four clients who allowed his "qualified intermediary" company to hold their money in safekeeping before it was reinvested in real estate. Namvar was sentenced this morning by United States District Judge Percy Anderson, who also ordered Namvar to pay $20,930,648 in restitution.
In May 2011, a federal jury found Namvar guilty of four wire fraud charges.
A second defendant also found guilty of the four wire fraud charges … (4 comments)

real estate fraud: LOAN MOD COMPANY ORDERED TO PAY $130,000 - 10/18/11 06:30 PM
Loan Mod Company Ordered to Pay $130,000 American Team Mortgage, Inc., dba American Mortgage Relief, and Steve Hufstedler, are banned from foreclosure counseling, credit/debt counseling, loan modification or mortgage origination in Oregon. Under the formal agreement, 28 homeowners will receive $67,000 in restitution. Oregon will receive an additional $65,000 for its consumer protection efforts. The restitution is aimed at reimbursing more than two dozen Oregon homeowners who were promised loan modifications that were never delivered.
The Department of Justice (DOJ) and the Department of Consumer and Business Services (DCBS) conducted a joint investigation into allegations that the companies took illegal upfront fees to provide … (4 comments)

real estate fraud: ESCROW ACCOUNTANT ADMITS DEFRAUDING LENDERS - $1.7m LOSS to CHICAGO TITLE - 10/18/11 06:27 PM
Escrow Accountant Admits Defrauding Lenders Brenda Lukenich, 60, Hughesville, Maryland, pleaded guilty to mail fraud arising from a scheme to defraud lenders and a title insurance company of $1.7 million. Two co-defendants are scheduled for trial on November 7, 2011. According to her plea agreement, Lukenich was the escrow accountant for title companies that did business in the Baltimore, Annapolis and Washington, D.C. metropolitan areas, including Troese Title Services, Inc. (Troese Title), Camp Springs, Maryland; Troese/Hughes Title Services, Inc. (Troese/Hughes), Greenbelt, Maryland; and Troese/Prestige Title Services, Inc.  (Troese/Prestige), Ellicott City, Maryland.  As the escrow accountant, Lukenich reconciled the escrow accounts and prepared monthly … (2 comments)

real estate fraud: TWO SENTENCED FOR MORTGAGE FRAUD SHOW LITTLE REMORSE - 10/18/11 06:19 PM
2 Sentenced for Mortgage Fraud Show Little Remorse Stacy Harrold, 43, was sentenced to 75 months in prison and ordered to pay $1,000 to a California man whose identity they stole as part of the scheme and pay a fine of $10,000. David Schoenhofen, 43, was sentenced to 54 months in prison and was to forfeit a rental home he owned in Edina to the county attorney's office. The house has a value of about $250,000. The final member of the group who was found guilty of criminal racketing in the mortgage fraud case, Eric Bernard, will be sentenced Nov. 1, 2011. Prosecutors are … (6 comments)

real estate fraud: WOMAN ADMITS DEFRAUDING TARP FUNDED BANKS TO OBTAIN FRAUDULENT MORTGAGES - 10/18/11 06:12 PM
Woman Admits Defrauding TARP Funded Banks Marleen Shillingford, 44, New York, waived her right to indictment and pleaded guilty on October 12, 2011, before United States Magistrate Judge Donna F. Martinez in Hartford, Connecticut, to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering. The charges stem from Shillingford's participation in a multimillion-dollar mortgage fraud scheme that involved more than 40 properties in Bridgeport, Conn. According to court documents and statements made in court, Shillingford was involved in the operation of Waikele Properties Corp., a real estate company with offices in Bridgeport and in Garden City, … (2 comments)

real estate fraud: HUSBAND AND WIFE CHARGED WITH MORTGAGE FRAUD SCAM - 10/18/11 06:06 PM
Husband and Wife Charged with Mortgage Fraud Scam Portia R. Louder, 40, and Chad Louder, 41, Highland, Utah, are charged with criminal violations of federal law in connection with what the indictment alleges was a scheme to profit from loans fraudulently obtained from mortgage lenders. Portia R. Louder is charged in the indictment with three counts of false statements to financial institutions; three counts of wire fraud; and one count of money laundering. Chad Louder is charged with two counts of false statements to financial institutions.
According to the indictment, the defendants targeted expensive homes for purchase.
They looked for homes being sold … (4 comments)

real estate fraud: MAN SENTENCED TO 102 MONTHS IN PRISON FOR BILKING LENDERS OUT OF $28 MILLION DOLLARS - 10/18/11 05:58 PM
Man Sentenced for Bilking Lenders out of $28M Troy David Chaika, 45, Burnsville, Minnesota, was sentenced for conspiring with others to bilk mortgage lenders out of more than $43 million.  Chaika was sentenced by United States District Court Judge Richard H. Kyle to 102 months in prison on seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire fraud and mail fraud. Chaika was indicted on April 12, 2010, and was convicted by a jury on May 24, 2011. The evidence presented at trial proved that between 2005 and 2008, Chaika conspired with others, including … (0 comments)

real estate fraud: CALIFORNIA MAN CHARGED WITH MORTGAGE FRAUD - 10/18/11 05:53 PM
California Man Charged with Mortgage Fraud Hubert Rotteveel, 49, Dixon, California, has been indicted and charged with mail fraud for a mortgage fraud scheme. According to the indictment, Rotteveel acted as a real estate salesperson for 13 properties in Dixon that were purchased by two people. Rotteveel inflated the values of the properties and worked with loan officers to provide false information to lenders about the income and liabilities of the purchasers in order to induce the lenders to fund loans for the properties.
For most of the transactions, when the sales closed, the escrow officer distributed funds to a bank … (2 comments)

real estate fraud: WOMAN ADMITS SCHEME TO OBTAIN FRAUDULENT MORTGAGES - 10/18/11 05:50 PM
Woman Admits Scheme to Obtain Fraudulent Mortgages Marleen Shillingford, 44, Nesconset, New York, waived her right to indictment and pleaded guilty before United States Magistrate Judge Donna F. Martinez in Hartford, Connecitut to one count of conspiracy to commit wire fraud and one count of conspiracy to commit money laundering stemming from her participation in a multimillion-dollar mortgage fraud scheme that involved more than 40 properties located in Bridgeport, Conn. According to court documents and statements made in court, Shillingford was involved in the operation of Waikele Properties Corp., a real estate company with offices at 3770 Main Street, Bridgeport, Connecticut, and 320 Endo Boulevard, Garden City, … (1 comments)

real estate fraud: MAN PLEADS GUILTY TO DEFRAUDING 1,800 VICTIMS IN FORECLOSURE RESCUE SCAM - 10/18/11 12:03 PM
Phoenix Man Pleads Guilty to Defrauding 1,800 Victims in Foreclosure Rescue Scam   PHOENIX—Luis Belevan, 34, of Phoenix, pleaded guilty in federal court to conspiring to commit wire fraud and mail fraud. Belevan and his co-conspirator, were charged with defrauding at least 1,800 local distressed homeowners out of a $1,595 up-front fee for bogus promises of assistance in avoiding home foreclosure in 2009 and 2010.       “This defendant, owner of The Guardian Group, LLC, left over 1,800 victims in his wake,” said Acting U.S. Attorney Ann Birmingham Scheel.
“The defendant used false promises on the company website to convince consumers that … (2 comments)

real estate fraud: VIRGINIA CONTRACTORS PLEAD GUILTY TO KICKBACK SCHEME - 10/18/11 11:57 AM
Virginia Contractors Plead Guilty to Kickback Scheme   WASHINGTON—Two Virginia contractors pleaded guilty today to participating in a scheme to steer contracts for repair and maintenance work at health care and nursing home facilities owned by Medical Facilities of America Inc. (MFA) to their now defunct plumbing business, the Department of Justice announced. Donald R. Holland, a resident of Hardy, Va., and Larry R. Sumpter, a resident of Roanoke, Va., pleaded guilty in U.S. District Court in Roanoke to conspiring with another individual to steer contracts for repair and maintenance at MFA healthcare and nursing home facilities.
According to a one-count … (1 comments)

real estate fraud: REAL ESTATE AGENT CHARGED WITH MORTGAGE FRAUD - 10/17/11 03:20 PM
Dixon Man Charged with Mortgage Fraud   SACRAMENTO, CA—United States Attorney Benjamin B. Wagner announced that a federal grand jury returned a two-count indictment today charging Hubert Rotteveel, 49, of Dixon, with mail fraud for a mortgage fraud scheme. According to the indictment, Rotteveel acted as a real estate salesperson for 13 properties in Dixon that were purchased by two people.
Rotteveel inflated the values of the properties and worked with loan officers to provide false information to lenders about the income and liabilities of the purchasers in order to induce the lenders to fund loans for the properties.
For most … (6 comments)

real estate fraud: MORTGAGE COMPANY PRESIDENT PLEADS GUILTY TO FEDERAL BANK FRAUD CHARGES - 10/17/11 01:47 PM
California Man Pleads Guilty to Federal Bank Fraud Charges   ALBUQUERQUE—This morning in Albuquerque federal court, Manuel Garcia, 69, who now resides in Los Angeles, California, entered a guilty plea to an indictment charging him with six counts of bank fraud.   At sentencing, which has yet to be scheduled, Garcia faces a maximum sentence of 30 years’ imprisonment, five years of supervised release, and a $1,000,000 fine. Under the terms of his plea agreement, Garcia will pay restitution in the amount of $585,243.59 to US Bank of Albuquerque, formerly known as First Community Bank (FCB). Garcia remains on conditions of … (4 comments)

real estate fraud: TITLE COMPANY EMPLOYEE PLEADS GUILTY TO FILING FALSE TAX RETURNS AFTER EMBEZZLING MORE THAN $382,000 - 10/14/11 06:39 PM
Former Towson Title Company Employee Pleads Guilty to Filing False Tax Returns After Embezzling More Than $382,000 BALTIMORE—Collette Snyder, age 42, of Timonium, Maryland, pleaded guilty today to filing false tax returns in 2007 and 2008, after she did not claim over $382,000 she embezzled from her employer, Maple Leaf Title. The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation; Special Agent in Charge Barbara Golden of the United States Secret Service - Baltimore Field Office; and Acting Special Agent … (10 comments)

real estate fraud: MAN SENT TO PRISON FOR BILKING MORTGAGE LENDERS OUT OF MORE THAN $43 MILLION DOLLARS - 10/14/11 10:33 AM
Burnsville Man Sentenced for Bilking Mortgage Lenders Out of More Than $43 Million   — filed under: Press Release   MINNEAPOLIS—Earlier today in federal court in St. Paul, a 45-year-old Burnsville man was sentenced for conspiring with others to bilk mortgage lenders out of more than $43 million.
United States District Court Judge Richard H. Kyle sentenced Troy David Chaika to 102 months in prison on seven counts of wire fraud, three counts of mail fraud, and one count of conspiracy to commit wire fraud and mail fraud. Chaika was indicted on April 12, 2010, and was convicted by a … (0 comments)

real estate fraud: FREDERICK BANK TRUST OFFICER PLEADS GUILTY TO EMBEZZLING $313,000 - 10/14/11 10:26 AM
Frederick Bank Trust Officer Pleads Guilty to Embezzling Over $313,000   BALTIMORE, MD—Tommy L. Phillips, age 55, of Frederick, Maryland, pleaded guilty today to bank fraud. The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
Phillips worked in Frederick as a trust officer for PNC Bank.
According to Phillips’ plea agreement, when a check came to the bank for one of the trust accounts that Phillips managed, he was required to deposit the check into a clearing account. … (4 comments)

real estate fraud: TITLE COMPANY ESCROW ACCOUNTANT PLEADS GUILTY IN $1.7 MILLION MORTGAGE FRAUD SCHEME - 10/13/11 04:01 PM
Title Company Escrow Accountant Pleads Guilty in $1.7 Million Mortgage Fraud Scheme   BALTIMORE—Brenda Lukenich, age 60, of Hughesville, Maryland pleaded guilty today to mail fraud arising from a scheme to defraud lenders and a title insurance company of $1.7 million. Two co-defendants are scheduled for trial on November 7, 2011. The plea agreement was announced by United States Attorney for the District of Maryland Rod J. Rosenstein and Special Agent in Charge Richard A. McFeely of the Federal Bureau of Investigation.
According to her plea agreement, Lukenich was the escrow accountant for title companies that did business in the Baltimore, … (0 comments)

 
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David Saks

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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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