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Week Ending December 20, 2013

Mortgage Fraud News

Case Activity

Ringleader of Nigerian HELOC Scam Sentenced
Dec. 20 -- In a criminal case that could be right out of a fiction novel, the ringleader of a Nigerian group that stole from U.S. home-equity lines of credit who went on the lam has finally been sentenced to prison.

$9 Mil Mortgage Fraud Defendant Gets Break on Sentencing
Dec. 20 -- More than six years after his arrest on charges that he led a multimillion-dollar mortgage-fraud scheme based in southeastern Connecticut, Jose Guzman of Waterford was sentenced Thursday in Hartford's U.S. District Court to more than four years in prison.

Husband, Wife Plead Guilty to Massive Mortgage Fraud
Dec. 17 -- FRESNO, Calif. -- David Marshall Crisp and his wife, Jennifer Anne Crisp, both pleaded guilty Monday afternoon in U.S. District Court to charges stemming from their roles in the Crisp & Cole mortgage fraud case that prosecutors said cost banks $20 million.

7.5 Years for Developer in $22 Mil Mortgage Fraud Case
Dec. 16 -- A Gold Hill, Ore., man who spearheaded a massive mortgage-fraud scheme was sentenced to seven and a half years in prison and ordered to pay $22 million in restitution.

14th Guilty Defendant in $20 Mil Mortgage Fraud Case
Dec. 16 -- David Crisp, the alleged kingpin behind Bakersfield, Calif.'s, massive Crisp & Cole mortgage fraud case, has agreed to admit to one felony count of conspiracy to commit mail, wire and bank fraud.

Mortgage Fraud Index Falls to Post Crisis Low
Dec. 16 -- The level of prosecutorial activity on mortgage fraud cases fell to the lowest level since the financial crisis erupted. Despite diminishing activity, two states saw a surge.

Date Defendants State Amount of Loans Overview Source
Dec 20 Jose Antigua, Melquisidec Caraballo PA $1,700,000 Indicted. Department of Justice
Dec 20 Lloyd Gardley NV $35,000,000 Sentenced to 11 years. Department of Justice
Dec 20 Sirewl Cox, Lord Allah, Rebecca Konsevick, Latonya Burnett MA $7,000,000 in losses Cox sentenced to 150 months. Department of Justice
Dec 19 Ileana E. Osborne, Kyle F. Conrad, Linda K. Conrad, John J. Dubay, Jon R. Jacobson, Harry S. Kaplan, David B. Romsey, Grace M. Wollerman OH $40,000,000 Indicted. Department of Justice
Dec 19 Darryl Glasco, James P. Vasiliou, Jr. NY Multiple properties. JP Morgan Chase Bank victim lender. Glasco pleaded guilty. Department of Justice
Dec 19 Nicholas Lindsey NV $3,000,000 Sentenced to 11 years. Department of Justice
Dec 19 Jose Guzman, Stacey Petro, William Athan CT $9,000,000 in losses Guzman sentenced to 51 months. Department of Justice
Dec 16 Michael Rumore, Kenneth Jones NJ $30,000,000. Pleaded guilty. Department of Justice
Dec 16 Brian Nels Peterson CA $542,075 in restitution. Citi Mortgage a victim lender. Sentenced to 41 months. Department of Justice

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