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Three LOs Plead Guilty in $9 Million Mortgage Fraud Scheme
U.S. Attorney for the Southern District of New York Preet Bharara has announced that three mortgage loan officers, Frederick Warren, Dorian Brown and Fritz Bonaventure have each pled guilty for their...
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HUD Penalizes Four for Reverse Mortgage Fraud
The U.S. Department of Housing & Urban Development (HUD) has announced that it has indefinitely debarred three South Florida mortgage loan officers and a Pittsburgh title agent following their...
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California Man Gets 10-Plus Years in Federal Prison in $9 Million Mortgage...
Scott Dority of San Marino, Calif. has been sentenced to 121 months in federal prison for defrauding banks and other lenders by using straw borrowers and bogus documents to obtain millions of dollars...
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Texas Trio Sentenced for Role in Mortgage Fraud Scheme Involving 70-Plus Homes
U.S. Attorney Kenneth Magidson has announced that Claymon “Butch” Trammell, along with his wife and daughter, all of Houston, Texas, have been sentenced to federal prison for their respective roles in...
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California Man Sentenced to 93 Months in Jail for Involvement With 80...
James Delbert McConville has been sentenced to 93 months in prison, and ordered to pay more than $7 million in restitution for conspiring to commit mail and wire fraud related to approximately 80...
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Four in Washington Indicted in $8.6 Million Mortgage Fraud Scheme
U.S. Attorney Jenny A. Durkan has announced that four Seattle, Wash.-area residents have been arrested on a 21-count indictment charging them with conspiracy, bank fraud, wire fraud, and mail fraud....
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Former Taylor Bean CFO de Armas Sentenced to 60 Months in Prison
Delton de Armas, former chief financial officer of Taylor Bean & Whitaker Mortgage Corporation (TBW), has been sentenced to 60 months in prison for his role in a more than $2.9 billion fraud scheme...
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Virginia Man Gets Seven-Year Sentence in Foreclosure Rescue Scam
Howard R. Shmuckler of Virginia Beach, Va. has been sentenced to 90 months in prison, followed by three years of supervised release, for running a fraudulent mortgage rescue business that received...
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Eleven Charged in New Jersey in $15 Million Mortgage Fraud Scheme
Eleven individuals from five states have been charged in New Jersey for their alleged roles in a $15 million mortgage fraud scam that used phony documents and “straw buyers” to make illegal profits on...
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Jail Time for Operators of California-Based Loan Mod Scam
The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and the U.S. Attorney for the Southern District of California Laura E. Duffy have announced that three...
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Two LOs Sentenced in Manhattan for Role in $9 Million Mortgage Fraud Scheme
Preet Bharara, the United States Attorney for the Southern District of New York, has announced that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court for...
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Eleven Indicted in California Loan Mod Scam
Federal agents have arrested 10 defendants who worked at a Rancho Cucamonga, Calif.,-based business that allegedly offered bogus loan modification programs to financially distressed homeowners. As a...
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Owner of Illinois-Based Commercial Mortgage and Finance Charged With Mortgage...
The former owner, CEO and president of Commercial Mortgage and Finance Company in Rockford, Ill. was indicted by a federal grand jury. Anthony F. D’Agostino was charged with 17 counts of mail fraud,...
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Real Estate Brokerage Owner Pleads Guilty in Multi-Million Dollar NY Fraud...
Mitchell Cohen, the owner of the now defunct Buy-A-Home real estate brokerage business, pleaded guilty to one count of conspiracy to commit wire, bank and mail fraud in connection with a...
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LO Convicted in $3 Million Mortgage Fraud Case
Following a six-day jury trial, Nicholas Lindsey of Billings, Mt. was convicted of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme,...
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California Mortgage Lender Charged With Defrauding Ally Bank
Steven Pitchersky of Rancho Mirage, Calif., was charged by information (an indictment or information is an accusation; a defendant is presumed innocent unless and until proven guilty) with one count of...
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Two Missouri Agents Sentenced in $11 Million Mortgage Fraud Scheme
Tammy Dickinson, U.S. Attorney for the Western District of Missouri, has announced that two Blue Springs, Mo. real estate agents and several co-defendants have been sentenced in federal court for their...
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