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REAL ESTATE
FRAUD FILES
 “Greed, by nature, which includes reprehensible acquisitiveness and one's insatiable desire for wealth, at some stage of evolution, is like an x-ray machine that exposes the filthy soul and drags the culprit of that deadly sin into hell on earth.”
― David Saks
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.
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real estate fraud: Northern California Real Estate Investor Guilty of Bid Rigging & Fraud - 04/03/15 07:27 PM
 Northern California Real Estate Investor Agrees to Plead Guilty to Bid Rigging and Fraud Conspiracies at Public Foreclosure Auctions
A Northern California real estate investor has agreed to plead guilty for his role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California, the Department of Justice announced.
Felony charges were filed today in the U.S. District Court of the Northern District of California in Oakland against
Ramin Yeganeh
of San Mateo, California.
To date, 52 individuals have pleaded guilty or agreed to plead guilty to criminal charges as a result of the department’s … (4 comments)
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real estate fraud: FEDERAL JURY ACQUITS TWO IN MORTGAGE FRAUD CASE - 04/03/15 07:11 PM
News Release -- March 28, 2015
FEDERAL JURY ACQUITS TWO IN MORTGAGE FRAUD CASE
An Eastern District of California federal jury in Sacramento, on Thursday, March 26, 2015, acquitted two defendants, Deborah Loudermilk and Buena Marshall, of mail fraud charges arising out of allegations of their having participated in a 2006 mortgage fraud scheme.
In the prosecution of the case, the government presented 26 witnesses and more than 300 exhibits. Unconvinced, the jury took slightly more than one day to acquit the defendants of all six of the charges against them.
Loudermilk was represented in the case by Summit Defense … (2 comments)
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real estate fraud: Settlement Agent Guilty of Mortgage Fraud - 45 Properties and $16 Mil - 04/02/15 08:11 AM
Settlement Agent Found Guilty of Federal Charges in Multi-Million-Dollar Mortgage Fraud Scheme
Scam Involved 45 Properties and $16 Million in Mortgage Loans WASHINGTON—
Edward Dacy,
76, most recently of West Melbourne, Fla., has been found guilty by a jury of 10 counts of conspiracy, bank fraud, and mail fraud stemming from a multi-million-dollar mortgage fraud scheme involving 45 properties and $16 million in mortgage loans used for the purchase of residential real estate in the District of Columbia and Maryland.
The verdict, returned March 25, 2015, was announced by Acting U.S. Attorney Vincent H. Cohen, Jr.; Olga Acevedo, Special Agent … (8 comments)
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real estate fraud: Inspector Admits Conspiring to Rig Contractor Selection Process - 04/01/15 09:57 AM
Union City, New Jersey Inspector Admits Conspiring to Rig Contractor Selection Process for Community Development Projects
NEWARK, NJ—An inspector at the Union City Community Development Agency (UCCDA) today admitted conspiring with contractors to rig the selection process for home improvement, sidewalk replacement and other projects, causing losses of at least $400,000, U.S. Attorney Paul J. Fishman announced.
Johnny Garces,
52, of Union City, New Jersey, pleaded guilty before U.S. District Judge William H. Walls in Newark federal court to an information charging him with one count of conspiring with others to obtain by fraud funds provided by Union City.
… (2 comments)
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real estate fraud: Modesto Man Pleads Guilty to Defrauding Real Estate Investors - 04/01/15 09:50 AM
Modesto Man Pleads Guilty to Defrauding Real Estate Investors
FRESNO, CA—
Xue Heu,
38, of Modesto, pleaded guilty today to two counts of wire fraud in connection with a fraudulent real estate investment scheme, United States Attorney Benjamin B. Wagner announced.
According to court documents, between August 2007 and October 2013, Heu solicited individuals to invest in real estate businesses that purchased and sold real estate.
Heu claimed to be an officer of Liquid Assets & Land Investments Inc. and Capital Land Investments LLC. In furtherance of the scheme and to persuade the investors that the investment opportunities were … (0 comments)
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real estate fraud: Former Florida REALTOR Indicted on Conspiracy and Bank Fraud Charges - 03/27/15 04:02 PM
Former Florida Realtor Indicted on Conspiracy and Bank Fraud Charges
TAMPA, FL—United States Attorney A. Lee Bentley, III announces the unsealing of an indictment charging
Joseph Pasquale
(38, Worcester, MA) with one count of mortgage fraud conspiracy involving bank fraud and two counts of bank fraud. He faces a maximum penalty of 30 years’ imprisonment for each count. The indictment also notifies Pasquale that the United States is seeking a money judgment for the proceeds of the mortgage fraud conspiracy.
According to the indictment and court proceedings, in 2005, entities controlled by co-conspirators entered into a contract to purchase … (6 comments)
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real estate fraud: Former Manager of Federal Credit Union Pleads Guilty to Embezzlement - 03/25/15 11:25 AM
Former Manager of Federal Credit Union Pleads Guilty to Embezzlement
Claudia Rawes Admits to Stealing from Centra Health Credit Union LYNCHBURG, VA—The former manager of a local, federal credit union pled guilty today in the United States District Court for the Western District of Virginia in Lynchburg to embezzlement charges.
Claudia Rawes, 61, of Forest, Va., waived her right to be indicted and pled guilty today to one-count Information charging her with theft and embezzlement from a Federal Credit Union.
According to information presented at today’s guilty plea hearing by Assistant United States Attorney Daniel Bubar, Rawes was hired by the … (3 comments)
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real estate fraud: Former North Miami Mayor Sentenced in Mortgage Fraud Scheme - 03/25/15 11:19 AM
Former North Miami Mayor Sentenced in Multi- Million-Dollar Mortgage Fraud Scheme
Former North Miami Mayor was sentenced by United States District Judge Robert N. Scola for her participation in a multi-million dollar mortgage fraud scheme.
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, and Drew J. Breakspear, Commissioner, Florida Office of Financial Regulation, made the announcement.
Following a federal jury trial, Marie Lucie Tondreau, a/k/a “Lucie Tondreau,” 54, of North Miami, was convicted of one count of conspiracy to commit wire … (0 comments)
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real estate fraud: Former Head Teller at Credit Union Sentenced - 03/25/15 11:16 AM
Former Head Teller at Lynrocten Credit Union Sentenced
Teresa Wieringo Humphries Previously Admitted to Embezzlement Scheme LYNCHBURG, VA—The former head teller of the Lynrocten Credit Union in Lynchburg was sentenced today in the United States District Court for the Western District of Virginia in Lynchburg on federal embezzlement charges.
Teresa Wieringo Humphries, 60, of Madison Heights, Va., previously waived her right to be indicted and pled guilty a one-count Information charging her with embezzlement from a Federal Credit Union. Today in District Court, Humphries was sentenced to 40 months of federal incarceration.
According to evidence presented at previous hearings by Assistant … (0 comments)
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real estate fraud: Man Indicted for Defrauding Now-Defunct Credit Union of $436,000 - 03/25/15 11:12 AM
Lyndhurst Man Indicted for Defrauding Now-Defunct Credit Union of $436,000
A Lyndhurst man was indicted for defrauding a now-defunct credit union out of more than $436,000, said Steven M. Dettelbach, U.S. Attorney for the Northern District of Ohio, and Stephen D. Anthony, Special Agent in Charge of the Cleveland Office of the Federal Bureau of Investigation.
Andrew Belzinskas, 45, was indicted on one count of conspiracy to commit bank fraud and one count of bank fraud.
Belzinskas worked full time at Taupa Lithuanian Credit Union in various capacities from 1991 through 2004, and continued to work there part time as … (0 comments)
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real estate fraud: Florida Man Indicted in $4 Million Escrow Fraud Scheme - 03/25/15 11:08 AM
Florida Man Indicted in $4 Million Escrow Fraud Scheme
ALEXANDRIA, VA—A Florida man who allegedly stole $4 million in borrowers’ funds and lied to federal law enforcement agents was indicted today by a federal grand jury on charges of wire fraud, money laundering, and false statements.
George Kalivretenos, 58, of Miami Beach, Florida, faces a maximum penalty of 20 years in prison on the wire fraud count, 10 years in prison on each money laundering count, and five years in prison on each false statement count. The maximum statutory sentence is prescribed by Congress and is provided here for informational … (2 comments)
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real estate fraud: Mortgage Fraud Blog for Wednesday March 25, 2015 - 03/24/15 11:21 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)
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real estate fraud: Former Treasurer/Tax Collector Sentenced to 24 Months for Embezzlement - 03/23/15 09:56 AM
Former Lafayette County Treasurer/Tax Collector Sentenced to 24 Months for Embezzlement of Public Funds
TEXARKANA, AR—Conner Eldridge, United States Attorney for the Western District of Arkansas, announced that
Keesha Rose,
age 37, of Lewisville, Arkansas, was sentenced today to 24 months in prison followed by three years of supervised release on one count of Theft Concerning Programs Receiving Federal Funds. Rose served as the County Treasurer and Tax Collector for Lafayette County. She was also ordered to pay restitution in the amount of $282,036.97. The Honorable Harry F. Barnes presided over the sentencing hearing in the United States District … (10 comments)
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real estate fraud: Former Housing Authority Project Director Guilty to Theft of Funds - 03/23/15 09:50 AM
Former Bradenton Housing Authority Project Director Pleads Guilty to Theft of Government Funds
TAMPA, FL—United States Attorney A. Lee Bentley, III announces that
Stephany West
(51, Bradenton) today pleaded guilty to theft of federal funds. She faces a maximum penalty of 10 years in federal prison. A sentencing date has not yet been set.
According to the plea agreement, from June 2, 2008, until September 19, 2013, West, a/k/a “Stephany Shaw,” was employed as the Project Director of the Bradenton Housing Authority (“BHA”). The BHA is a local housing authority agency of the City of Bradenton and received $10,000 … (0 comments)
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real estate fraud: Mortgage Fraud Blog Thursday March 19, 2015 - 03/19/15 06:52 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 … (8 comments)
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real estate fraud: City Employees Received Kickback Payments in Fraudulent Land Deals - 03/19/15 05:20 PM
Land Bank Defendants Found Guilty in Fraud Scheme
City Employees Received Kickback Payments for Assisting in Fraudulent Land Deals INDIANAPOLIS—United States Attorney Josh J. Minkler, announced this morning the conviction of two defendants who were involved in a fraud scheme at the Indianapolis Land Bank.
Reginald T. Walton
31, and
David Johnson
48, both of Indianapolis were found guilty of multiple fraud and bribery charges after a two-week jury trial before U.S. District Judge William T. Lawrence.
“Public servants must understand that they serve the public and not themselves,” said Minkler. “Mr. Walton tried to sell our local government … (4 comments)
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real estate fraud: Defendant Guilty of Scheme Using Fake Names/Bogus Deeds to Steal Title - 03/19/15 05:07 PM
Defendant Pleads Guilty in Complex Real Estate Scam
Scheme Used Fake Names and Fraudulent Deeds to Steal Title SAN DIEGO—
Daniel Deaibes
pleaded guilty today to participating in a scheme to steal title to Southern California homes, and then to “sell” the properties to unsuspecting buyers—who later learned they had actually purchased nothing.
According to his plea agreement, between September 2012 and November 2014, when Deaibes and two alleged co-conspirators were indicted and arrested, the trio fraudulently sold or attempted to sell at least 10 homes for more than $2.3 million.
As Deaibes admitted during his guilty plea, he participated … (0 comments)
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real estate fraud: Las Vegas Attorney & Three Others Convicted for HOA Fraud Scheme - 03/19/15 08:52 AM
Las Vegas Attorney and Three Others Convicted for Their Roles in a Fraudulent Scheme to Take Over Homeowners’ Associations
WASHINGTON—Following a 14-day trial, a federal jury in Las Vegas returned guilty verdicts yesterday in a case against a Las Vegas attorney and three others for their roles in a scheme to fraudulently take control of homeowners’ associations (HOAs) for the purpose of directing the HOAs’ construction defect litigation and repair work to a law firm and construction company owned by other co-conspirators.
Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Special Agent in Charge Laura A. … (2 comments)
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real estate fraud: Texans Sentenced in Mortgage Fraud Conspiracy - 03/18/15 12:03 PM
Texans Sentenced in East Texas Mortgage Fraud Conspiracy
PLANO, TX—Five defendants have been sentenced for their roles in a mortgage fraud conspiracy in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. Sentencing hearings were held before U.S. District Judge Marcia Crone.
Debra Rush-Santens, 42, of Plano, pleaded guilty on Oct.4, 2012, and was sentenced to 60 months in federal prison on Mar. 12, 2015, and ordered to pay restitution in the amount of 6,215,087.47.
Casey Irons, 42, of Rockwall, Texas, pleaded guilty on Dec 18, 2012, and was sentenced to 87 months in federal prison on … (4 comments)
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real estate fraud: Timeshare Fraud Resulted in Over $800,000 in Unpaid Fees to Resorts - 03/18/15 11:54 AM
Williamsburg Man Pleads Guilty to Timeshare Fraud
Fraud Resulted in More Than $800,000 in Unpaid Fees to Select Resorts NEWPORT NEWS, VA—
Keith D. Kosco,
56, of Williamsburg, Va., pleaded guilty today to Conspiracy to Commit Mail and Wire Fraud, Aggravated Identity Theft and Engaging in Monetary Transactions in Property Derived from Specified Unlawful Activity.
Dana J. Boente, U.S. Attorney for the Eastern District of Virginia, John S. Adams, Special Agent in Charge of the FBI’s Norfolk Field Office, and Thomas J. Kelly, Special Agent in Charge of the Internal Revenue Service Criminal Investigation’s Washington, D.C., Field Office made the … (0 comments)
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