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Week Ending January 17, 2014

Mortgage Fraud News

Case Activity

Texas Man Out on Bond in Mortgage Fraud Case
Jan. 17 -- The final man jailed in the Texas mortgage fraud scam that took four Permian Basin residents to federal court last week was released on bond Tuesday afternoon.

BofA Defrauded by NC Woman
Jan. 16 -- A Charlotte, N.C., woman was sentenced Tuesday to two years in prison and ordered to pay more than $300,000 in restitution after being convicted of tax fraud and mortgage fraud, the U.S. Justice Department says.

2 Indicted for Reverse Mortgage Fraud
Jan. 15 -- A Fulton County, Ga., grand jury has indicted two Georgia men in connection with a reverse mortgage scheme aimed at senior citizens.

8 Year Sentence for $20 Million in Mortgage Fraud
Jan. 15 -- A Cary, N.C., man was sentenced to 96 months in prison on Tuesday for his role in a mortgage fraud scheme that prosecutors say resulted in $3.4 million in losses for banks and lenders.

3 of 4 Texas Mortgage Fraud Suspects Out on Bond
Jan. 13 -- Just one of four suspects remained in federal custody Friday after appearing in Midland Court to face accusations of defrauding unidentified banks of $27 million over an eight-year period in a mortgage scheme.

4 Indicted in Texas Mortgage Fraud Case
Jan. 13 -- Four people, including a prominent Permian Basin realtor, have been accused of defrauding unidentified banks of $27 million over an eight-year period in a Texas mortgage scheme.

Date Defendants State Amount of Loans Overview Source
Jan 17 Atef Mekki Haj Hassen, Atef Ben Amor Amri VA $683,749 in restitution Hassen sentenced to 51 months. Department of Justice
Jan 17 Kamalu Gonzales NV $830,000 in restitution Sentenced to 78 months.
Jan 15 Sandra Elaine Barton, Christopher Spencer Barton, Daniel Paul Vedenoff, Sheldon W. Feigel, Craig Merrill Mortensen CA Multiple properties Arrested and charged. Department of Justice
Jan 15 James Thomas Webb NC $11,946,739.80 restitution Sentenced to 327 months. Department of Justice
Jan 15 Jose Filgueiras, Raquel Filgueiras, Jose Armando Alvarado, Reyna Orts FL $2,400,000 Jose sentenced to 57 months, Rauqel sentenced to 30 months Department of Justice
Jan 14 Martin Sacci PA One property Charged. Department of Justice
Jan 14 Lawrence Allen Wright FL $3,700,000 restitution Sentenced to 75 months. Department of Justice
Jan 14 Kil Seok ("Michael") Seo, Peter Jin VA $900,000 in losses Seo pleaded guilty. Department of Justice
Jan 14 Michael Duraine Cowan II, Cynthia Gayle Hirsch, Stephen Mark Hilliard, Berta Laura McFaddin TX $27,000,000 judgment sought Cowan free on $250,000 bond.
Jan 14 Tega Burns NC $105,933 in restitution. Bank of America and CIT Group victim lenders. Sentenced to 2 years. Department of Justice
Jan 13 David Lewis Johnson Jr. NC $20,000,000 Sentenced to 96 months. Department of Justice
Jan 13 James Crews, Michael Hilbert MO Multiple properties. Excel Bank victim lender. Indicted. SIGTARP
Jan 13 William Glasgow MO Multiple properties. Excel Bank victim lender. Indicted. SIGTARP

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