Mortgage Fraud Blog Report for June 26, 2014

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Education & Training with (retired) TN LIC# 290452
 
 
Mortgage Fraud Blog sends me update emails once per week.
I share this great report with the ActiveRain Community at-large.
The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com.
 
Many thanks, Rachel.
Rachel Dollar

Rachel Dollar is a California attorney who represents lenders in mortgage related litigation. She is a shareholder at Smith Dollar PC. Ms. Dollar is a nationally recognized speaker, is licensed to practice law in California and maintains offices in Santa Rosa, California.

Mortgage Fraud Blog is sponsored by Smith Dollar PC and Rachel Dollar Risk Management, Inc.

Mortgage Fraud Blog | Mortgages and fraud and the law, oh my! - 10 new articles

In This Issue...

Pennsylvania Home Builder Settles Charges of Deceptive Mortgage Advertising

Deceptive Marketing And Advertising Practices Prohibited In Reverse Mortgage Program

Perpetrator of Real Estate Ponzi Scheme Sentenced to 20 Years in Prison

Underwriter Sentenced in $24M Mortgage Fraud Case

Man Pleads Guilty to Running Investment Loan Scheme

Former Owner of Genesis Mansions Charged with Straw Buyer Scam

Appraiser Sentenced for Inflating Property Values

Jury Convicts Woman of Recording False Liens

Former Bank Manager Indicted for Originating Fictitious Loans

Escrow Company Controller Admits Preparing Fraudulent Settlement Statements

Search Mortgage Fraud Blog | Mortgages and fraud and the law, oh my!
Pennsylvania Home Builder Settles Charges of Deceptive Mortgage Advertising

Heritage Homes Group, Inc., a Pennsylvania-based home builder that offers home financing, has settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages...

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Deceptive Marketing And Advertising Practices Prohibited In Reverse Mortgage Program

The Federal Housing Administration published a Mortgagee Letter reminding lenders participating in the agency’s Home Equity Conversion Mortgage Program to make certain senior borrowers are fully...

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Perpetrator of Real Estate Ponzi Scheme Sentenced to 20 Years in Prison

Aldo Joseph Baccala, Petaluma, California, who ran a Ponzi scheme that defrauded victims more than $17 million, was sentenced to 20 years in state prison and ordered to pay a fine of $6.4 million at...

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Underwriter Sentenced in $24M Mortgage Fraud Case

Michelle Vinas, 55, Florida, who was convicted of financial institution fraud affecting M&T Bank, was sentenced to 18 months in prison and ordered to pay restitution totaling $423,434.98 by U.S....

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Man Pleads Guilty to Running Investment Loan Scheme

Rodney Walker, 44, Atlanta, Georgia, pleaded guilty before U.S. District Court Judge Richard J. Arcara, to wire fraud for his role in a scam whereby the defendant promised a standby letter of credit,...

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Former Owner of Genesis Mansions Charged with Straw Buyer Scam

Susanne Helbig, 49, formerly of Roanoke, Virginia, currently residing in Georgia, has been indicted by a federal grand jury on a variety of fraud charges associated with an alleged mortgage fraud...

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Appraiser Sentenced for Inflating Property Values

Darryl Glasco, 55, Pendleton, New York, who was convicted of bank fraud, was sentenced to six months home detention and four years supervised release for his role in a mortgage fraud scheme wherein...

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Jury Convicts Woman of Recording False Liens

Cherron Marie Phillips, who also goes by the name of River Tali Bey, 43, Chicago, Illinois, was convicted by a federal jury after two days of testimony and found guilty of knowingly filing false ...

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Former Bank Manager Indicted for Originating Fictitious Loans

Linda Sue Newcomb, 62, Madison Heights, Virginia, former manager of the Lynrocten Federal Credit Union, Lynchburg, Virginia, was indicted by a federal grand jury and charged with embezzlement, bank...

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Escrow Company Controller Admits Preparing Fraudulent Settlement Statements

Joseph Gekko, 45, Yorba Linda, California, pleaded guilty to three counts of wire fraud in connection with a mortgage fraud scheme. Gekko admitted that he had prepared fraudulent HUD-1 Settlement...

Read the whole entry »

      


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Rainmaker
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Steve Mattison
Canyon de Chelly National Mo, AZ
Vietnam Veteran

Appreciate your sharing so much info David!  Keep up the great work!

Jun 25, 2014 10:57 PM #1
Rainmaker
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David Saks
(retired) - Memphis, TN

Seems like there are more crooks in this business than integrity minded individuals if MFB is an indicator, Steve. Nice to hear from you.

Jun 26, 2014 06:58 AM #2
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Rainmaker
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David Saks

May God Bless You, Always. David
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