Mortgage Fraud Blog for February 4, 2015

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Education & Training with (retired) TN LIC# 290452
 
 
 
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.
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...

Criminal Defense Lawyer Admits Short Sale Fraud

S&P Agrees to Settle Lawsuit Alleging Inflated Mortgage-Backed Security Rating

Radio Talk Show Host Sentenced for Multi-Million Dollar Mortgage Fraud Scheme

Former Loan Officer Admits Down Payment Fraud

Man Indicted for Advance Fee Loan Fraud Scheme

Hard Money Broker Charged with Misappropriating Loan Funds

Man Jailed for Conspiring to Steal from Home Equity Lines of Credit

5 More Sentenced in Operation Wax House

Man Charged with Obtaining Nearly $1M in Fraudulent Loans

Former Title Company Manager Jailed for Mortgage Fraud

Search Mortgage Fraud Blog | Mortgages and fraud and the law, oh my!
Criminal Defense Lawyer Admits Short Sale Fraud

Mortgage Fraud Blog.

Luis J. Rojas, 38, Hendserson, Nevada, a criminal defense attorney, pleaded guilty in federal court to making false statements in connection with a fraudulent short sale of his...

Read the whole entry »

      


S&P Agrees to Settle Lawsuit Alleging Inflated Mortgage-Backed Security Rating

Mortgage Fraud Blog.

Standard & Poor’s Financial Services LLC (S&P) and its parent company, McGraw-Hill Financial Inc., entered into a $210 million settlement to resolve federal and state...

Read the whole entry »

      


Radio Talk Show Host Sentenced for Multi-Million Dollar Mortgage Fraud Scheme

Mortgage Fraud Blog.

Karl Oreste, 56, Miramar, Florida, was sentenced to 100 months imprisonment, to be followed by five years of supervised release, and ordered to pay $8,215,197.28 in restitution...

Read the whole entry »

      


Former Loan Officer Admits Down Payment Fraud

Mortgage Fraud Blog.

Joseph Brogan, 41, St. Louis, Missouri, pled guilty to multiple fraud charges related to a scheme involving applications for home loans.

According to statements made in court...

Read the whole entry »

      


Man Indicted for Advance Fee Loan Fraud Scheme

Mortgage Fraud Blog.

Ronald Gene Morgan, 60, Las Vegas, Nevada, has been arrested on wire fraud charges for taking hundreds of thousands in fees from persons who thought the payments would help them...

Read the whole entry »

      


Hard Money Broker Charged with Misappropriating Loan Funds

Mortgage Fraud Blog.

Delores Reeves, 59, Fortuna, California, has been indicted and charged with three counts of mail fraud and two counts of aggravated identity theft for allegedly retaining funds...

Read the whole entry »

      


Man Jailed for Conspiring to Steal from Home Equity Lines of Credit

Mortgage Fraud Blog.

Obinna Gregory Okoro, 25, of Houston, has been ordered to prison after conspiring to use personal identifiers of victims to create fake bank accounts online, link those accounts...

Read the whole entry »

      


5 More Sentenced in Operation Wax House

Mortgage Fraud Blog.

Five defendants were sentenced in January 2015, for their roles in a mortgage fraud scheme involving straw buyers, kickbacks and bank bribery. Of the 91 individuals charged in...

Read the whole entry »

      


Man Charged with Obtaining Nearly $1M in Fraudulent Loans

Mortgage Fraud Blog.

Joe Spaqi, 60, Cleveland, Ohio, has been indicted and charged with fraudulently obtaining nearly $1 million from the now-closed St. Paul Croatian Federal Credit Union.

...

Read the whole entry »

      


Former Title Company Manager Jailed for Mortgage Fraud

Mortgage Fraud Blog.

Terri Lynn Johnson, 50, Columbia, Missouri, former branch manager of Landchoice Company, LLC, has been sentenced in federal court for a $576,000 mortgage fraud and embezzlement...

Read the whole entry »

      


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David Saks



Time&Temp Memphis

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Rainmaker
1,560,306
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

David Saks I enjoy reading these posts from you and unfortunately, I fear the public interprets these incidents a further evidence that ALL real estate agents are corrupt, when most of these crime are perpetrated by non-agents. Thanks!

Feb 03, 2015 10:54 PM #1
Rainmaker
1,570,224
David Saks
(retired) - Memphis, TN

I post the press releases for the benefit of the community at large, Sandy Padula & Norm Padula, JD, GRI Real estate agents are no more corrupt than surgeons who commit Medicare fraud, or insurance agents, or politicians who accept bribes, and there have been thousands of all of them in courts for their crimes over the last decade.

Business will always have it's perils and the impropriety of the unscrupulous will always cast a shadow of suspicion upon those who engage in commerce for profit.

Feb 03, 2015 11:20 PM #2
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Rainmaker
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David Saks

May God Bless You, Always. David
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