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Week Ending January 31, 2014

Mortgage Fraud News

Case Activity

Mortgage Fraud Behind Las Vegas Attorney's License Loss
Jan. 30 -- The Nevada Supreme Court has suspended the law license of Las Vegas attorney Gerry Zobrist, convicted in a scheme to defraud banks.

Realtor, Husband Headed to Prison for Mortgage Fraud
Jan. 29 -- FRESNO, Calif. -- A judge mostly refused to go easy on former Modesto real estate broker James Lee Lankford on Monday, sentencing the 75-year-old to 10 years in federal prison for swindling nearly $10 million from lenders and elderly homeowners.

Winston & Marleen Shillingford sentenced
Jan. 29 -- A Nesconset, N.Y., man was sentenced to 4 years in prison and his wife to 3 years Tuesday for operating a multimillion-dollar mortgage fraud scheme involving more than 40 properties in Connecticut, federal authorities said.

30-Month Sentence for Haitian in Mortgage Fraud Case
Jan. 29 -- A Norwich, Conn., man who received tens of thousands of dollars for serving as a straw buyer in a mortgage fraud scheme that cost lenders more than $725,000 was sentenced Tuesday in U.S. District Court in Hartford to 30 months of prison followed by three years of supervised release.

Potential Mortgage Fraud Increases Again
Jan. 27 -- The likelihood of mortgage fraud on new residential loan applications during the latest quarterly period moved higher again.

Woman Spending Decade in Prison for Mortgage Fraud
Jan. 27 -- A Sewickley, Pa., woman won't have to pay her former friends restitution for the money they lost from conspiring in her mortgage frauds, but she will spend 10 years in prison, partly because she hasn't shown remorse for the damage she did to their lives, a federal judge ruled on Friday.

Mtg Fraud Used to Steal Distressed Homeowners' Equity
Jan. 27 -- A former Lebanon, Tenn., man is facing multiple federal fraud charges.

3+ Yrs for Lawyer Who Used Fraud to Steal Home Equity
Jan. 27 -- A disbarred lawyer failed Thursday to put off his trip to prison after stealing nearly $4.4 million in real estate scams, with his ringing cellphone irking a judge who'd already told him that justice delayed was justice denied.

Another Guilty Plea in $1.8 Mil Mortgage Fraud Case
Jan. 27 -- Another mortgage scammer has admitted his wrongdoing in U.S. District Court in Columbus, Ohio.

Date Defendants State Amount of Loans Overview Source
Jan 30 Shannon Egeland, Tyler Fitzsimons OR $13,000,000 in restitution Egeland sentenced to 10 years.
Jan 30 Ramara Garrett, Jim Sotolongo, Stephanie Musselwhite, Christopher Mencis FL Multiple properties Hearing continued until Feb. 5.
Jan 30 Regina Shields OH $140,000. Quicken Loans victim lender. Sentenced to 12 months. Department of Justice
Jan 28 Winston Shillingford, Marleen Shillingford CT $2,500,000 to $7,000,000 in losses Winston sentenced to 48 months, Marleen sentenced to 36 months. Department of Justice
Jan 28 Marc Jean, Syed Babar CT $4,000,000 in losses Jean sentenced to 30 months. Department of Justice
Jan 27 Liliana Delia Deiac NC $674,856 in restitution Sentenced to 18 months. Department of Justice
Jan 27 Larry Max McDaniel, Jackie Gale Weaver, Jr., James Thomas Webb NC $5,809,418 in restitution McDaniel sentenced to 66 months, Weaver sentenced to 21 months. Department of Justice
Jan 27 Gerry Zobrist NV $53,000,000 Suspended law license.
Jan 27 James Lee Lankford, Jon Vance McDade CA $10,000,000 Lankford sentenced to 10 years, McDade sentenced to 1 year home detention. Department of Justice

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