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Search mortgage fraud news by keyword.
News, analysis and statistics about mortgage fraud.
Stories about individual mortgage crime cases.
Statics by year about real estate fraud.
Quarterly index based on case activity.
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Archive of FraudBlogger.com entries going back to 2005. |
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Mortgage Fraud News
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Case Activity
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Mortgage Fraud Trial Follows Foreclosure Rescue Trial
May 9 -- MYRTLE BEACH, S.C. -- Robert Steve Jolly, who operated an illegal foreclosure rescue scam through his Socastee-based Jolly & Associates, will face another trial on charges that he obtained clients' property under false pretenses, the S.C. Court of Appeals ruled on Wednesday.
The court reversed an earlier ruling by Judge Benjamin Culbertson, who in 2011 dismissed two of five felony charges that Jolly obtained property under false pretenses. Culbertson said in his ruling that prosecuting Jolly on the two charges would amount to double jeopardy because Jolly previously had been found guilty of contempt of court related to foreclosure actions in those two cases.
The appeals court said the contempt charges were separate and different from the fraud charges, even though all of the charges stemmed from the same activity, clearing the way for another trial.
read story at Mortgage Daily
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Fraud on Mfg Housing Lands Mortgage Broker in Jail
May 8 -- The final defendant in a mortgage fraud case where area manufactured home buyers were stuck with six-figure mortgages for homes they never received was sentenced this week to 18 months in prison.
read story at Mortgage Daily
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Former FL Officers Sentenced for Mortgage Fraud
May 7 -- TAMPA, Fla. -- The former Hillsborough County government director of real estate was sentenced this morning to a year and a day in federal prison for two counts of mortgage fraud.
read story at Mortgage Daily
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65 Mortgage Fraud Transactions Yield 151-Month Sentence
May 3 -- A Chicago man was sentenced to more than 12 years in federal prison after having been convicted of engaging in a mortgage fraud scheme involving 65 real-estate transactions on the South Side.
read story at Mortgage Daily
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$68 Million Mortgage Fraud Case Yields 13th Sentence
May 3 -- Season Heather Hymas, 27, was sentenced Thursday in Boise federal court to five years probation for misdemeanor theft from a financial institution. U.S. District Judge Edward J. Lodge also ordered Hymas to pay $100,272.32 in restitution to Wells Fargo Bank.
read story at Mortgage Daily
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Seven Charged in PA Mortgage Fraud Case
May 2 -- The managers of an Allentown, Pa., mortgage company told employees to forge pay stubs, employment histories and other documents to secure loans for borrowers to buy real estate that in many cases they could not afford, federal authorities allege.
read story at Mortgage Daily
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Last Defendant Convicted in $39 Million Mortgage Fraud Case
Apr. 26 -- A 37-year-old Homestead man is the last to be convicted in Fort Lauderdale, Fla., federal court in a $39 million mortgage fraud case, according to U.S. Attorney Wifredo A. Ferrer.
read story at Mortgage Daily
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Homeowner Recovers Home from Mortgage Fraud After 5 Yrs
Apr. 25 -- It was the hardest, longest fight of Teresa Isabella's life.
read story at Mortgage Daily
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Operation Wax House Yields 9 More Defendants
Apr. 25 -- Federal authorities on Wednesday unsealed a new federal indictment adding nine defendants to the Operation Wax House mortgage and investment fraud probe.
read story at Mortgage Daily
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Wholesaler Wins Appeal in Mortgage Fraud Case
Apr. 22 -- A California appeals court has ruled in favor of a wholesale lender that was a victim of mortgage fraud. At issue was the settlement agent's failure to advise the lender of an unauthorized disbursement.
read story at Mortgage Daily (subscription required)
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| Date |
Defendants |
State |
Amount of Loans |
Overview |
Source |
| May 9 |
Oscar Torres |
FL |
$20,600,000 in losses. Corus Bank, N.A. a victim lender. |
Pleaded guilty. |
Department of Justice |
| May 8 |
Timothy E. Shannahan, Kathryn Sylvester, Claudia Montes, Roderick Michener, Tad Lent |
CA |
$5,000,000 |
Shannahan pleaded guilty. |
Department of Justice |
| May 8 |
Robert Steve Jolly |
SC |
Multiple properties |
Appeals court reversed decision to dismiss two of five felony charges. |
MortgageDaily.com |
| May 8 |
Nancy Kennedy, Glenn Vaught, Michael Fortenberry |
SC |
$2,400,000 in restitution |
Kennedy sentenced to 18 months. |
MortgageDaily.com |
| May 7 |
Heidi Haischer, Kelly Nunes |
NV |
$1,200,000 |
Haischer sentenced to 15 months. |
Department of Justice |
| May 6 |
Valeri Kalyuzhnyy |
CA |
$4,000,000 |
Pleaded not guilty. |
Department of Justice |
| May 6 |
David Kaufman |
ND |
$27,000,000 |
Sentencing scheduled for May 13. |
JamestownSun.com |
| May 6 |
Ricardo Fabian Salinas, Eliseo Jara, Sergio Jara |
CA |
$575,000 in losses |
Salinas pleaded guilty. |
Department of Justice |
| May 6 |
Anthony Haynes |
FL |
$940,498 in restitution |
Sentenced to 1 year and 1 day. |
Department of Justice |
| May 3 |
Lorraine Brown |
MI |
Multiple properties |
Sentenced to 40 months to 20 years. |
Department of Justice |
| May 3 |
David Romo |
CA |
$6,900,000 |
Sentenced to 121 months. |
Department of Justice |
| May 2 |
Bryan Joseph Lenton, John Anthony Spencer, James Hoffman, Patrick Arthur Dols |
MN |
$7,000,000 in losses |
Lenton sentenced to 3 years probation. |
Department of Justice |
| May 2 |
Manjur Alam, Janice Young, Bruce Dykes, Christopher Ginyard, Henry Pearson, Sr., Henry Pearson, Jr., Steven Pelz |
KS |
$221,000 in losses |
Indicted. |
Department of Justice |
| May 2 |
David Kinney |
CT |
$507,155 in restitution |
Sentenced to 21 months. |
Department of Justice |
| May 2 |
Fred Haywood |
IL |
$1,400,000 in restitution |
Sentenced to 151 months. |
Department of Justice |
| May 2 |
Season Heather Hymas, Travis Richard Hymas |
ID |
$100,272 in restitution. Wells Fargo a victim lender. |
Season Hymas sentenced to 5 years probation. |
Department of Justice |
| May 1 |
Joel Tillett, Jason Boggs, Claribel Gonzalez, Florentina Peralta, Ghovanna Gonzalez, Angela Diaz, Denise Peralta |
PA |
Multiple properties |
Tillett, Boggs, Claribel Gonzalez, Peralta, Ghovanna Gonzalez, and Diaz indicted. Peralta charged by information. |
Department of Justice |
| Apr. 30 |
Jim Sotolongo, Ramara Garrett, Christopher Mencis, Stephanie Musselwhite |
FL |
Multiple properties |
Pleaded not guilty. |
News-JournalOnline.com |
| Apr. 30 |
Tamara (Tami) Sawyer, Kevin Sawyer |
OR |
$5,820,307 restitution |
Tamara sentenced to 108 months, Kevin sentenced to 27 months. |
Department of Justice |
| Apr. 30 |
Eric Damon Johnson, Tracie Elaine Stenson |
TX |
$10,000,000 |
Pleaded guilty. |
Department of Justice |
archived case entries back to 2005
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