real estate fraud: FORMER CHIEF OPERATING OFFICER OF OHIO CREDIT UNION PLEADS GUILTY TO BANK FRAUD - 09/28/11 09:39 AM
Former Chief Operating Officer of Ohio Credit Union Pleads Guilty to Bank Fraud   CLEVELAND—Anthony Raguz, the former chief operating officer of the St. Paul Croatian Federal Credit Union, pleaded guilty to six counts, including bank fraud, money laundering and bank bribery, for his role in one of the largest credit union failures in American history, the Justice Department announced today. Raguz, 52, of Mentor, Ohio, issued more than 1,000 fraudulent loans totaling more than $70 million to more than 300 account holders at St. Paul from 2000 to April 2010, according to court documents. He accepted more than $1 million … (0 comments)

real estate fraud: TITLE COMPANY OWNER SENTENCED FOR STEALING ESCROW FUNDS - 09/28/11 02:41 AM
Title Company Owner Sentenced for Stealing Escrow Funds Brian H. Madden, 57, Greenlawn, New York, the former president and co-founder of a title insurance agency, Liberty Title Agency, LLC, was sentenced by U.S. District Judge Robert W. Sweet to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two other insurance agencies he controlled and operated in New York and Suffolk counties. Madden pled guilty before U.S. Magistrate Judge Henry Pitman to wire fraud and embezzlement of money held by an insurance agent on December 14, 2010. According to the indictment, a complaint previously … (1 comments)

real estate fraud: PROPERTY FLIPPERS CHARGED WITH MORTGAGE FRAUD - 09/28/11 02:36 AM
Property Flippers Charged with Mortgage Fraud Raymond Paul Morris, 51, South Weber, Utah, was arrested on an 18-count indictment containing wire fraud, bank fraud and conspiracy charges. According to the indictment, Morris was involved in a sophisticated, multimillion-dollar mortgage fraud scheme along with co-conspirators Joyce, and Hurd. A single count was filed against Hurd in the Southern District of West Virginia, charging him with conspiracy to commit wire fraud and bank fraud. Hurd was charged in the Eastern District of California with one count of mail fraud linked to 20 properties in Modesto and Stanislaus Counties, California.
  According to court documents, the mortgage fraud … (0 comments)

real estate fraud: THREE SENTENCED TO PRISON FOR MORTGAGE FRAUD CONSPIRACY - 09/28/11 02:32 AM
3 Sentenced for Mortgage Fraud Conspiracy Wendy Werner, 46, Sarasota, Florida, Marshall Asmar, 40, Milford, Connecticut, and Rab Nawaz, 48, Waterford, Connecticut, were sentenced for their involvement in an extensive mortgage fraud conspiracy that defrauded lenders of more than $3.2 million.  The defendants were sentenced by Chief United States District Judge Alvin W. Thompson in Hartford, Connecticut. Werner was sentenced on September 21, 2011, to 48 months of imprisonment, followed by three years of supervised release.  Werner also was ordered to pay a fine in the amount of $100,000.  She was found guilty of one count of conspiracy to commit mail fraud and wire fraud and one … (0 comments)

real estate fraud: 32 INDICTED FOR OHIO MORTGAGE SCAM - 09/28/11 02:25 AM
32 Indicted for Ohio Mortgage Scam Ronald Collins , Jr., 26, Warren, Ohio, Ronald Collins, Sr., 52, Warren, John Kleem, 49, Parma, Ohio, John Lattimore, 40, Cleveland, Ohio, Kevin Smith, 44, Twinsburg, Ohio, Rodney Stevenson, 54, Bedford, Ohio, Gregory Tatum, 50, Cleveland, Chelli Tye, 39, Bedford, Edward Wielgus, 50, Euclid, Ohio, James Abrams, 36, Warrensville Heights, Ohio, Louis Amir, 40, Gates Mills, Ohio, Lisa Aramouni, 46, North Royalton, Ohio, Marcus Bankston, Jr., 39, Solon, Ohio, Lamonta Betts, 40, University Heights, Ohio, Michelle Betts, 40, University Heights, Leslie Bizzelle, 54, Cleveland, Tatiti Chandler, 42, Bedford Heights, Ohio, Byron Curry, 35, Kent, Ohio, Ebony Curry, 31, Kent, Kevin Drake, 48, Streetsboro, Ohio, Robert Dunn, 44, Charlotte, North Carolina, Deirdre Ferguson, 47, Beachwood, Ohio, Jimmy Gates, 54, Cleveland, Cynthia Grant, 51, Cleveland, Raymond Grant, 49, Cleveland, John Herman, 50, North Royalton, Ohio, Angela Jones, 46, Warrensville … (0 comments)

real estate fraud: FORMER NBA PLAYER CHARGED WITH REAL ESTATE PONZI SCHEME - 09/28/11 02:20 AM
Former NBA Player Charged with Real Estate Ponzi Scheme C. Tate George, 43, Newark, New Jersey, former NBA basketball player and the chief executive officer (CEO) of purported real estate development firm The George Group, surrendered to federal authorities for allegedly orchestrating a more than $2 million real estate investment fraud scheme. George surrendered in Newark to special agents of the FBI and postal inspectors of the U.S. Postal Inspection Service (USPIS) on a criminal complaint charging him with one count of wire fraud. He is scheduled to appear this afternoon before U.S. Magistrate Judge Patty Shwartz in Newark federal court.
  … (0 comments)

real estate fraud: INVESTOR PLEADS GULITY TO BID RIGGING AT FORECLOSURE AUCTIONS - 09/28/11 02:16 AM
Investor Pleads Guilty to Bid Rigging at Foreclosure Auctions Robert Rose, 47, Danville, California, a real estate investor pleaded guilty in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif. Rose pleaded guilty to conspiring with a group of real estate speculators who agreed not to bid against each other at certain public real estate foreclosure auctions in San Joaquin County. The primary purpose of the conspiracy was to suppress and restrain competition and to obtain selected real estate offered at San Joaquin County public foreclosure … (0 comments)

real estate fraud: FIVE SENTENCED FOR FLORIDA MORTGAGE FRAUD - 09/28/11 02:09 AM
5 Sentenced for Florida Mortgage Fraud Scam The following five defendants were sentenced to prison for their involvement in a Broward, Florida, mortgage fraud scheme: Matthew Gulla, 35, Davie, Florida - 35 months, Rene Rodriguez, Jr., 37, Plantation, Florida - 43 months, Jacqueline Trumbore, 39, Margate, Florida - 3 years probation, John Velez, 37, Plantation, Florida - 42 months, and Joseph DeRosa, 35, Coral Springs, Florida - 37 months. The defendants were sentenced by United States District Judge James I. Cohn at the Fort Lauderdale court house.
The Indictment charged the defendants with one count of conspiracy, in violation of Title 18, United States … (0 comments)

real estate fraud: CLOSING ATTORNEY GETS FIVE YEARS IN PRISON FOR MORTGAGE FRAUD - 09/28/11 02:06 AM
Closing Attorney Sentenced for Mortgage Fraud Morris Olmer, 83, New Haven, Connecticut, was sentenced by Chief United States District Judge Alvin W. Thompson to 60 months of imprisonment, followed by three years of supervised release, for his involvement in an extensive mortgage fraud conspiracy that defrauded lenders of more than $4.4 million. On April 12, 2011, a jury found Olmer guilty of one count of conspiracy to defraud the United States, eight counts of wire fraud and four counts of making false statements.
According to court documents, statements made in court and the evidence disclosed during the trial, between approximately August 2006 … (0 comments)

real estate fraud: TWO CHARGED WITH FORECLOSURE RESCUE SCAM - 09/28/11 02:02 AM
2 Charged with Foreclosure Rescue Scam Marshall E. Home and Margaret Elizabeth Broderick, Tucson, Arizona, have been indicted and charged for bankruptcy fraud, mail fraud, and wire fraud for their roles in an alleged foreclosure rescue scheme. The indictment alleges that Home and Broderick operated "The Individual Right Party; Mortgage Rescue Service" which offered, for a $500 fee, relief for people facing mortgage foreclosure. Rather than providing relief, the pair filed false documents in U.S. Bankruptcy Court, making false claims against the United States.
 The false claims totaled over $250 billion.
In addition, the indictment alleges that the defendants essentially tried to assume … (0 comments)

real estate fraud: GOLF COURSE & REAL ESTATE DEVELOPER PLEADS GUILTY TO BANKRUPTCY FRAUD & MONEY LAUNDERING - 09/27/11 09:54 AM
Local Golf Course Developer Pleads Guilty to Bankruptcy Fraud, Money Laundering   CINCINNATI—Golf course and real estate developer Michael R. Macke, 61, of Cincinnati, pleaded guilty in U.S. District Court to one count each of bankruptcy fraud and money laundering. Carter M. Stewart, United States Attorney for the Southern District of Ohio; Darryl Williams, Special Agent in Charge, Internal Revenue Service Criminal Investigation (IRS); Edward J. Hanko, Special Agent in Charge, Federal Bureau of Investigation (FBI); Dugan Wong, Assistant Inspector in Charge, U.S. Postal Inspection Service; and Daniel M. McDermott, United States Trustee, Region 9, (Ohio/Michigan); announced the pleas entered yesterday … (2 comments)

real estate fraud: LAS VEGAS WOMAN PLEADS GUILTY IN CONNECTION WITH SCHEME TO FRAUDULENTLY CONTROL HOA - 09/26/11 10:08 AM
Fourth Las Vegas Resident Pleads Guilty in Connection with Scheme to Fraudulently Control Condominium Homeowners’ Associations   WASHINGTON—A Las Vegas woman pleaded guilty today for her role in a scheme to fraudulently gain control of condominium homeowners’ associations (HOA) in the Las Vegas area so that the HOAs would direct business to a certain law firm and construction company, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, Special Agent in Charge Kevin Favreau of the FBI Las Vegas Field Office, Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department and Special Agent in Charge Paul Camacho of … (0 comments)

real estate fraud: ATTORNEY SENTENCED TO FIVE YEARS IN PRISON FOR MORTGAGE FRAUD - 09/26/11 09:59 AM
  New Haven Man Sentenced to Five Years in Federal Prison for Role in Mortgage Fraud Scheme   David B. Fein, United States Attorney for the District of Connecticut, announced that MORRIS OLMER, 83, of New Haven, was sentenced today by Chief United States District Judge Alvin W. Thompson in New Haven to 60 months of imprisonment, followed by three years of supervised release, for his involvement in an extensive mortgage fraud conspiracy that defrauded lenders of more than $4.4 million. On April 12, 2011, a jury found OLMER guilty of one count of conspiracy to defraud the United States, eight … (0 comments)

real estate fraud: FORMER NBA PLAYER & CEO OF THE GEORGE GROUP CHARGED IN INVESTMENT FRAUD SCHEME - 09/23/11 01:07 PM
Former NBA Player and CEO of The George Group Charged in Ponzi Scheme   NEWARK, NJ—C. Tate George, former NBA basketball player and the chief executive officer (CEO) of purported real estate development firm The George Group, surrendered this morning to federal authorities for allegedly orchestrating a more than $2 million investment fraud scheme, U.S. Attorney Paul J. Fishman announced. George, 43, of Newark, surrendered in Newark to special agents of the FBI and postal inspectors of the U.S. Postal Inspection Service (USPIS) on a criminal complaint charging him with one count of wire fraud. He is scheduled to appear this … (0 comments)

real estate fraud: CREDIT MANAGER SENT TO PRISON FOR 2.5 YEARS - CREATED BOGUS MORTGAGE DOCUMENTS - 09/23/11 03:50 AM
Northport Farm Credit Manager Sentenced to Two-and-a-Half Years in Prison for Fraud   BIRMINGHAM—U.S. District Judge R. David Proctor today sentenced a Tuscaloosa man to 30 months in prison for a lending fraud scheme that totaled more than $2 million, announced U.S. Attorney Joyce White Vance and FBI Special Agent in Charge Patrick J. Maley. The judge sentenced GREGORY T. SMITH, 36, on four counts of financial institution fraud for defrauding First South Farm Credit in Northport of about $1,894,043 between 2007 and 2010. Smith pleaded guilty to the charges in April.
Smith had entered a plea agreement with the government … (2 comments)

real estate fraud: CONSTRUCTION SITE MANAGER PLEADS GUILTY TO ROLE IN KICKBACK SCHEME - 09/22/11 10:59 AM
Former Construction Site Manager Pleads Guilty to Role in Kickback Scheme   United States Attorney John E. Murphy announced that in Midland, 46-year-old Carl James Woodruff, former onsite construction manager for the Midland-based architecture and engineering firm of Grimes and Associates (Grimes), pleaded guilty to federal charges in connection with a mail fraud scheme involving more than $200,000 in kickbacks from subcontractors. Appearing before United States Magistrate Judge David Counts this morning, Woodruff pleaded guilty to two counts of mail fraud and one count of money laundering.
By pleading guilty, Woodruff admitted that from the Spring of 2009 until February 2010, … (0 comments)

real estate fraud: PRESIDENT OF TITLE INSURANCE AGENCY SENTENCED IN MANHATTAN - MISAPPROPRIATED MILLIONS OF DOLLARS WORTH OF CLIENT FUNDS - 09/21/11 10:44 AM
President of Title Insurance Agency Sentenced in Manhattan Federal Court to 20 Months in Prison for Misappropriating Millions of Dollars Worth of Client Funds   PREET BHARARA, the United States Attorney for the Southern District of New York, announced that BRIAN H. MADDEN, the former president and co-founder of a title insurance agency, Liberty Title Agency, LLC (“Liberty Title”), was sentenced today by U.S. District Judge ROBERT W. SWEET to 20 months in prison for misappropriating and embezzling escrow and other client funds from Liberty Title and two other insurance agencies he controlled and operated in New York and Suffolk counties. … (7 comments)

real estate fraud: TWO INDICTED FOR $14 MILLION DOLLAR MORTGAGE FRAUD SCHEME - 09/21/11 05:18 AM
2 Indicted for $14 Million Mortgage Fraud Scheme Joseph Steven Meyer, 46, Eagan, Minnesota, and Garet Clark Wright, 32, Rosemount, Minnesota, have been charged with participating in a scheme to defraud mortgage lenders out of more than $14 million. The indictment, which was filed on September 13, 2011, charges the defendants with one count of conspiracy to commit wire fraud, 22 counts of wire fraud, and one count of conspiracy to commit money laundering.
In addition, Meyer was charged with one count of witness tampering. The indictment was unsealed following the defendants' initial appearances in federal court.
The indictment alleges that between December 1, 2006, and … (0 comments)

real estate fraud: REAL ESTATE AGENT CHARGED WITH MORTGAGE FRAUD IN STRAW BUYER SCHEME - 09/21/11 05:13 AM
Woman Charged for Straw Buyer Scheme Barbara Lynnae Puro, 48, Savage, Minnesota, a real estate agent, has been indicted for her participation in a multi-million dollar mortgage fraud scheme that victimized lenders across the country. Puro was charged with one count of conspiracy to commit wire fraud and 12 counts of wire fraud. The indictment was unsealed following Puro's initial appearance in federal court.
The indictment alleges that from January 1, 2005, through January 1, 2008, Puro conspired with others to fraudulently obtain loan proceeds by making false representations to and withholding material information from lenders. Puro was employed by HomStar … (0 comments)

real estate fraud: TWO PLEAD GUILTY TO REAL ESTATE INVESTMENT FRAUD - ONE AN ATTORNEY - THE OTHER A STRUCTURAL ENGINEER - 09/21/11 05:07 AM
2 Admit Real Estate Investment Fraud Scheme James Scott Brown, 66, Leawood, Kansas, an attorney, and Derek J. Smith, 67, Oxfordshire, United Kingdom, a real estate speculator, pleaded guilty in federal court to their roles in a fraud conspiracy that stole more than $52 million from their victims. The defendants pleaded guilty in separate appearances in the U.S. District Court in St. Louis, Missouri, and before U.S. Chief District Judge Linda R. Reade, Northern District of Iowa, to the charges contained in an April 28, 2011, federal indictment.
  Brown and Smith each pleaded guilty to participating in a conspiracy to commit wire and … (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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