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Con Man Sought After Failing to Appear for Sentencing on Charges That He Defrauded...
Los Angeles, CA - December 21, 2012 - (RealEstateRama) -- A San Gabriel man who was scheduled to be sentenced on Monday but failed to appear in court is being sought by the FBI, announced Bill Lewis, Assistant Director in Charge of the FBI’s Los Ange...
Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role...
WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- A Las Vegas real estate agent was sentenced today to serve 70 months in prison for her participation in a mortgage fraud scheme that netted more than $10 million in fraudulent mortgage loans, ann...
All Defendants Sentenced in More Than $20 Million Mortgage Fraud Scheme Led by Former...
DALLAS - December 17, 2012 - (RealEstateRama) -- Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea t...
Portland Man Found Guilty of Conspiracy to Manufacture and Distribute Marijuana and Mortgage Fraud
PORTLAND, OR - December 13, 2012 - (RealEstateRama) -- On Friday, December 7, 2012, Tu Ngoc Tran, 38, of Portland, Oregon, was found guilty by a federal jury of conspiracy to manufacture or distribute marijuana, two counts of manufacture of marijuana, ...
Con Man Agrees to Plead Guilty in Three Fraud Schemes, Including Multi-Million-Dollar Ponzi and...
LOS ANGELES, CA - November 29, 2012 - (RealEstateRama) -- A Glendale man has agreed to plead guilty to federal fraud charges, admitting that he ran three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million.
Kentuckiana Man Sentenced to 15 Months in Prison for His Role in a Mortgage...
LOUISVILLE, KY - November 26, 2012 - (RealEstateRama) -- A Jeffersonville, Indiana man was sentenced in United States District Court this week by District Judge Charles R. Simpson, III to 15 months in prison and ordered to pay $487,111 in restitution a...
Australian Jockey Sentenced to Four Years in Prison for Laundering Proceeds of Multi-Million-Dollar Real...
RIVERSIDE, CA - November 21, 2012 - (RealEstateRama) -- An Australian man who once worked as a jockey has been sentenced to four years in federal prison for concealing the proceeds of a loan fraud scheme that caused victims to lose more than $5 million...
Former Executive at Florida-Based Lender Processing Services Inc. Admits Role in Mortgage-Related Document Fraud...
WASHINGTON, DC - November 21, 2012 - (RealEstateRama) -- A former executive of Lender Processing Services Inc. (LPS)—a publicly traded company based in Jacksonville, Florida—pleaded guilty today, admitting her participation in a six-year scheme to ...
Woman Who Organized $20 Million Mortgage Fraud Scheme in Southern California Pleads Guilty in...
November 1, 2012 - (RealEstateRama) -- A former Southern California resident pleaded guilty today in federal court in Portland, Oregon, to mail fraud charges for orchestrating a mortgage fraud scheme that used fraudulent loan applications and supportin...
Mother and Son Real Estate Professionals Sentenced to Prison for $8 Million Mortgage Fraud...
October 10, 2012 - (RealEstateRama) -- United States Attorney Laura E. Duffy announced today that Orange County attorney Stephen Kenneth Chrysler was sentenced to serve 37 months in prison for his role in an $8 million mortgage fraud scheme involving 1...
Department of Justice Announces Results of Distressed Homeowner Initiative
LOS ANGELES, CA - October 10, 2012 - (RealEstateRama) -- Today, Attorney General Eric Holder, Housing and Urban Development (HUD) Secretary Shaun Donovan, FBI Associate Deputy Director Kevin L. Perkins, and Federal Trade Commission (FTC) Chairman Jon L...
Two More Convicted of Mortgage Fraud
PENSACOLA, FL - September 10, 2012 - (RealEstateRama) -- In February, Pamela C. Marsh, United States Attorney for the Northern District of Florida, announced that nine defendants had been federally indicted for their involvement in several multi-jurisd...
Federal Prosecutors Charge Atlanta Woman with Mortgage Fraud
BIRMINGHAM - September 5, 2012 - (RealEstateRama) -- Federal prosecutors on Friday charged an Atlanta woman with mortgage fraud for providing false financial information for several home buyers that resulted in fraudulently obtained mortgages totaling ...
Three Co-Conspirators Found Guilty of Implementing Mortgage Fraud Scheme
DENVER - September 3, 2012 - (RealEstateRama) -- Michael Jacoby age 44, of Castle Rock, Colorado; Derek Zar, age 30, of Commerce City, Colorado; and Susanne Zar, age 58, of Frederick, Colorado, were found guilty yesterday (August 30, 2012) by a jury fo...
Title Company Attorney Convicted in Multi-Million-Dollar Mortgage Fraud Scheme
HOUSTON - August 31, 2012 - (RealEstateRama) -- Lisa Carol Ross, 50, of Missouri City, Texas, has pleaded guilty today to conspiracy to commit wire fraud, United States Attorney Kenneth Magidson announced today, along with FBI Special Agent in Charge S...
Two Loan Officers Sentenced in Manhattan Federal Court for Participating in a $9 Million...
New York, NY - August 23, 2012 - (RealEstateRama) -- Preet Bharara, the United States Attorney for the Southern District of New York, announced today that Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan federal court f...
Prison Time for Mortgage Fraud Appraiser Who Stonewalled Federal Investigators
CHARLESTON, WV - August 23, 2012 - (RealEstateRama) -- A former West Virginia licensed real estate appraiser was sentenced today to one year and six months in federal prison for aiding and abetting wire fraud, announced United States Attorney Booth Goo...
Mortgage Loan Officers Plead Guilty in $1.8 Million Mortgage Fraud
MINNEAPOLIS - August 15, 2012 - (RealEstateRama) -- Yesterday in federal court, two mortgage loan officers pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves,...
Chico Business Partners Sentenced to Jail for Mortgage Fraud
SACRAMENTO, CA - August 13, 2012 - (RealEstateRama) -- Two Chico business partners were sentenced today to prison for a mortgage fraud scheme they operated in 2006-2007, United States Attorney Benjamin B. Wagner announced.
Governor Quinn Signs Housing Bills to Support People with Disabilities and Protect Homeowners from...
CHICAGO, IL - August 6, 2012 - (RealEstateRama) -- Governor Pat Quinn today signed two new housing laws to provide people with disabilities with more access to affordable rental housing, and to further protect homeowners from mortgage fraud. The suppor...
