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Case Activity

Pair Accused of Netting $500k in Mortgage Fraud Scheme
April 23 -- Two Memphis, Tenn., men have been indicted by a federal grand jury on seven counts related to a mortgage-fraud and identity-theft scheme, officials said Tuesday.

Closing Statements Falsified in Mortgage Fraud Scheme
April 22 -- NEW HAVEN, Conn. -- A federal jury convicted a Farmington man and a Poughkeepsie, N.Y., man on all charges related to a mortgage fraud scheme.

Wolf of Hard Money Convicted of Mortgage Fraud
April 21 -- A University Place, Wash., man who once described himself as "a wolf" for his hardball lending tactics has been convicted in U.S. District Court of lying on federal loan applications and conspiracy to submit fraudulent applications.

LOs Who Lose Licenses Get Licensed in Other States
April 21 -- Mortgage loan originators accused of mortgage fraud in one state are finding that they can still originate loans for borrowers in other states.

6 Years for Woman in $15 Million Mortgage Fraud Case
April 16 -- Former Charlotte, N.C., real estate lawyer Victoria Sprouse, convicted in 2009 in one of the largest mortgage fraud cases in Mecklenburg County's history, was sentenced on Tuesday to more than six years in prison.

Last Sentence Delivered in $15 Mil Mortgage Fraud Case
April 11 -- The case of a $15 million mortgage fraud scheme came to a close today with the final sentencing in the 10-member operation.

Testimony in Crisp and Cole Mortgage Fraud Trial
April 11 -- FRESNO, Calif. -- A former account manager for the mortgage brokerage of Crisp & Cole Real Estate testified Friday that fraud defendant Julie Farmer was an A-type personality who had quick answers to questions, stayed on top of company business and was very "detail-oriented."

3 Years for Lawyer in Mortgage Fraud Case
April 11 -- A former Boston attorney from West Pittston, Pa., who recruited a custodian among others to apply for mortgages in a more than $2.5 million fraud scheme in Boston was sentenced to nearly three years in prison.

Lone Crisp-Cole Defendant Goes to Trial for Mortgage Fraud
April 10 -- FRESNO, Calif. -- A key figure in the Crisp & Cole mortgage fraud ring testified Wednesday that Julie Farmer -- the lone defendant in the case to go to trial -- was definitely part of the "scheme" to buy and sell local properties with falsified documents, something that later cost banks millions.

Guilty Mortgage Fraud Pleas in Case of Failed Bank
April 8 -- ST. LOUIS -- Two St. Charles County businessmen admitted defrauding a Missouri bank that later failed, the U.S. Attorney's office said.

Date Defendants State Amount of Loans Overview Source
Apr 23 Edward Belczak, Janice Verschuren MI $700,000 Indicted. Department of Justice
Apr 22 Julie Farmer (15 total) CA Multiple properties Convicted by jury.
Apr 22 Delio Coutinho, Luis Salguero Bedoya, Yazmin Soto-Cruz NJ $2,000,000 Coutinho pleaded guilty. Department of Justice
Apr 21 Ramon E. Rios NY Multiple properties Trial began with the defendant being tried in absentia. Suffolk County DA
Apr 21 Emiel Kandi WA $830,000 in restitution Pleaded guilty. Department of Justice
Apr 18 Andrew Constantinou, Jacques Kelly, Menachem Yosef Levitin, Ronald Hutchison, Charles Lesser, Jeffrey Weisman, Genevieve Salvatore, Bradford Rieger, Lawrence Dressler, Kwame Nkrumah NJ Multiple properties Constantinou and Kelly convicted by jury. Department of Justice
Apr 18 Alejandro Matos CA Multiple properties Pleaded guilty. Department of Justice
Apr 16 Marcus Payne, Booker Smith TN $500,000 Indicted. Fifth Third and Citibank victim lenders. Department of Justice
Apr 16 Eli Riesel, Rashmi Airan-Pace, Jordana Ende Tobel, Florenco Luis Tezanos FL $25,000,000 Indicted.
Apr 15 Victoria Sprouse NC $15,000,000 Sentenced to 6 years.
Apr 11 Loretta Seneca, Robert Rivernider, Robert Ponte CT $21,000,000 in losses Seneca sentenced to 27 months. Department of Justice
Apr 10 Bijan Madjlessi, David Lonich, Sean Cutting, Brian Melland CA $30,000,000 Indicted. Sonoma Valley Bank victim lender. Department of Justice
Apr 10 Jabari Marshall, Lloyd Gardley, Candis Gardley NV $35,000,000 Marshall sentenced to 20 years. Department of Justice
Apr 9 Charles R. Sammon MA $2,500,000 in losses Sentenced to 33 months. Department of Justice
Apr 8 Julie Farmer (Crisp & Cole case) CA Multiple properties Trial began for Julie Farmer.
Apr 8 Eric Sijohn Brown, Kevin Joseph Franklin, Roderick L. Foxworth, Sr., Walter Alston Brown, Jr., Cynthia Evette Brown PA $20,000,000 Eric Brown pleaded guilty. Department of Justice
Apr 7 James Crews, Michael Hilbert MO Multiple properties Pleaded guilt. Excel Bank victim lender. Department of Justice

archived case entries back to 2005

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