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Savage Man Sentenced for Participating in $13 Million Mortgage Fraud Scheme
MINNEAPOLIS, MN - April 3, 2012 - (RealEstateRama) -- Earlier today in federal court, a 37-year-old Savage man was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and M...
Register Today for MBA’s 2012 National Fraud Issues Conference
WASHINGTON, D.C. - March 15, 2012 - (RealEstateRama) -- MBA's National Fraud Issues Conference 2012 is the one forum each year where industry professionals can learn about the issues related to the growing incidence and complexity of mortgage fraud. Hear from industry experts as they review the current status of the industry, law enforcement and government’s efforts in combating mortgage fraud
Grassley Asks Justice Department for Details on its “Thousands” of Cases Brought on Mortgage...
WASHINGTON, DC - March 13, 2012 - (RealEstateRama) -- Senator Chuck Grassley, Ranking Member of the Senate Committee on the Judiciary, today asked the Department of Justice for detailed information about the “thousands” of mortgage fraud cases the ...
Two Defendants Indicted for Home Equity Loan Fraud
SACRAMENTO, CA - January 30, 2012 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned an indictment yesterday charging two defendants with mail fraud and money laundering in connection with a mor...
Fourth Defendant in Mortgage Fraud Scheme Sentenced to Prison
January 24, 2012 - (RealEstateRama) -- The United States Attorney’s Office for the Middle District of Pennsylvania, announced that a fourth defendant connected to a mortgage fraud scheme was sentenced today by Senior U.S. District Court Judge Edwin M...
Lender Representative Pleads Guilty to Mortgage Fraud
NEWPORT NEWS, VA - December 16, 2011 - (RealEstateRama) -- Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several oth...
Third Defendant in Mortgage Fraud Scheme Sentenced to Prison
December 12, 2011 - (RealEstateRama) -- The United States Attorney’s Office for the Middle District of Pennsylvania, announced that a third defendant connected to a mortgage fraud scheme was sentenced today by Senior U.S. District Court Judge Edwin M...
Denver Real Estate Agent, Broker, and Appraiser Sentenced to Federal Prison as Part of...
DENVER, CO - December 7, 2011 - (RealEstateRama) -- Three men were recently sentenced for implementing a mortgage fraud scheme, United States Attorney John Walsh, FBI Special Agent in Charge James Yacone and IRS Criminal Investigation, Special Agent in...
Lexington Man Sentenced for Mortgage Fraud
COLUMBIA, SC - November 29, 2011 - (RealEstateRama) -- United States Attorney Bill Nettles stated today that Robert C. Sasser, age 32, of Lexington, was sentenced in federal court in Columbia for wire fraud, a violation of 18 U.S.C. § 1343. United Sta...
Blairsville Man Sentenced to 41 Months in Prison for Mortgage Fraud Conspiracy
PITTSBURGH, PA - November 28, 2011 - (RealEstateRama) -- A resident of Blairsville, Pa., has been sentenced in federal court to 41 months in prison on his conviction of wire fraud conspiracy, United States Attorney David J. Hickton announced today.
Final Defendant Sentenced in Mortgage Fraud Case
ALBANY, NY - November 16, 2011 - (RealEstateRama) -- Richard S. Hartunian, United States Attorney for the Northern District of New York; Rene Febles, Special Agent in Charge of the Office of Inspector General, U.S. Department of Housing and Urban Devel...
Three Plead Guilty in Mortgage Fraud Scheme
SACRAMENTO, CA - November 14, 2011 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that Glenn Watkins, 31; Kevin Watkins, 26; and Frederick Davis, 41, all of Elk Grove, pleaded guilty today to mail fraud for a mortgage fraud s...
Attorney General Pam Bondi Announces Tampa Mortgage Fraud Guilty Pleas
TALLAHASSEE, FL - November 10, 2011 - (RealEstateRama) -- Attorney General Pam Bondi announced that a Tampa couple has pled guilty to a mortgage fraud racketeering conspiracy. David Barile, 44, and Melissa D. Barile, 35, both of Tampa, were involved in...
Two Sentenced for Mortgage Fraud
JACKSON, MS - November 10, 2011 - (RealEstateRama) -- Michael Lance Persac, 37, of Canton, was sentenced in federal court today to serve 30 months in federal prison followed by three years of supervised release for mortgage fraud, U.S. Attorney John Do...
Four Sentenced for Mortgage Fraud
JACKSON, MS - November 7, 2011 - (RealEstateRama) -- Bobby F. Fisher, John W. Emory, III, Joni Lynn Goss, and Matt Howard were sentenced by U.S. District Judge Henry T. Wingate in federal court for crimes involving mortgage fraud, U.S. Attorney John M....
FinCEN Proposes Anti-Money Laundering/Suspicious Activity Reporting Rules for Fannie Mae, Freddie Mac, Federal Home...
VIENNA, VA - November 3, 2011 - (RealEstateRama) -- The Financial Crimes Enforcement Network (FinCEN) today proposed regulations that would require government-sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks to develop anti-money laundering (AML) programs and file suspicious activity reports (SARs) with FinCEN.
Governor Signs Legislation Creating Tougher Mortgage Fraud Penalties
November 2, 2011 - (RealEstateRama) -- Legislation providing tougher penalties to those who knowingly engage in mortgage fraud has been passed through the legislature and recently signed into law by Governor Snyder. These new Public Acts seek to addres...
Minnesota Couple Indicted for Orchestrating $5 Million Mortgage Fraud Scam
MINNEAPOLIS, MN - October 19, 2011 - (RealEstateRama) -- Earlier today in federal court, a Minnesota couple was indicted in connection with a $5 million mortgage fraud scheme. James Warren Hoffman, age 51, and his wife, Teresa Gay Hoffman, age 52, both...
Federal Grand Jury Returns Indictment Charging Utah County Couple in Alleged Mortgage Fraud Scheme
SALT LAKE CITY, UT - October 17, 2011 - (RealEstateRama) -- A federal grand jury returned an eight-count indictment Wednesday afternoon charging Portia R. Louder, age 40, and Chad Louder, age 41, both of Highland, with criminal violations of federal la...
Albuquerque Real Estate Agent Sentenced to 56 Months in Prison for Federal Mortgage Fraud...
ALBUQUERQUE, NM - September 26, 2011 - (RealEstateRama) -- United States Attorney Kenneth J. Gonzales announced that, on September 13, 2011, a United States District Judge sentenced Albuquerque real estate agent Kevin Powers, 51, to a 56-month term of ...
