Loan Modification

Westport Man Indicted for Alleged Role in Fairfield County Mortgage Fraud Scheme

Posted on December 26, 2010
The United States Attorney for the District of Connecticut today announced that a federal grand jury sitting in Bridgeport has returned a nine-count indictment charging WILLIAM A. TRUDEAU, JR., 47, of Westport, with bank fraud, wire fraud, and mail fraud offenses stemming from his alleged participation in a Fairfield County mortgage fraud scheme...

West Covina Woman Pleads Guilty to Federal Fraud Charges in Nearly $7 Million Investment Scheme

Posted on December 25, 2010
LOS ANGELES?A West Covina woman pleaded guilty today to six federal fraud charges, admitting that she ran a Ponzi scheme that bilked more than 150 victims out of approximately $6.9 million. Guadalupe Valencia, 46, pled guilty to two counts of mail fraud, two counts of wire fraud and two counts of tax fraud...

Tampa Man Indicted for Participating in Mortgage Fraud Scheme

Posted on December 25, 2010
TAMPA?United States Attorney Robert E. O’Neill announces the return by a grand jury of an indictment charging Diogenes Aguasvivas (age 38, of Tampa) with two counts of wire fraud. If convicted, Aguasvivas faces a maximum penalty of 20 years in federal prison on each count...

Escrow officer and notary indicted on mortgage fraud charges

Posted on December 24, 2010
Federal Mortgage Fraud Charges Filed Against Five Persons LAS VEGAS?Five persons were indicted by the federal grand jury today on mortgage fraud charges, announced Daniel G. Bogden, United States Attorney for the District of Nevada. Lloyd H. Gardley, 56, and Candis Gardley, 53, of Chandler, Arizona; Suzanne McAllister, 32, of Las Vegas; Arcell Mitchell, Jr...

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Mortgage fraud scheme caused more than $4.5 million in losses

Posted on December 24, 2010
ALEXANDRIA, VA?Aaron V. Hernandez, 41, of McLean, Va., was sentenced today to 63 months in prison, followed by four years of supervised release, for running a mortgage fraud scheme that caused more than $4.5 million in losses. Hernandez was ordered to pay more than $4...

Conspiring to Defraud Lenders in Mortgage Fraud Scheme

Posted on December 23, 2010
FRESNO, CA?United States Attorney Benjamin B. Wagner announced today that a federal grand jury returned an indictment charging Eric Ray Hernandez, 34, Monica Marie Hernandez, 29, and Evelyn Brigget Sanchez, 27, all of Bakersfield, with conspiracy to commit mail fraud, wire fraud, and bank fraud, and with 15 counts of mail fraud, relating to their [...

33-count indictment charges in Mortgage Fraud Scheme

Posted on December 23, 2010
CINCINNATI?A federal grand jury here has indicted six members of a family and one of their employees charging them with operating a mortgage fraud conspiracy between 2004 and 2009. Carter M. Stewart, United States Attorney for the Southern District of Ohio, Keith L...

Robert Penn Sentenced to Seven Years in Prison for Mortgage Fraud Crimes

Posted on December 21, 2010
Two Co-Defendants, Stephen Scott Brown and Tamara E. Scott, Sentenced to 37 Months and 24 Months INDIANAPOLIS?Robert Andrew Penn, 44, formerly of Indianapolis, was sentenced to seven years in prison late yesterday by Circuit Judge David F. Hamilton for Penn?s part in a multi-million dollar mortgage fraud scheme in the Indianapolis area...

Leader of $9 Million Mortgage Fraud Scheme Sentenced 60 Months in Prison

Posted on December 21, 2010
ALEXANDRIA, VA?Ruben Rojas, 30, of Vienna, VA, was sentenced today to 60 months in prison, followed by five years of supervised release, for leading a mortgage fraud scheme that caused more than $9 million in losses. Rojas was also ordered to pay restitution in the amount of $9...

Roseville Man Made False Statements to Financial Institutions

Posted on December 20, 2010
SACRAMENTO, CA?United States Attorney Benjamin B. Wagner announced today that a federal grand jury returned an indictment charging Jake Weathers, 34, Elk Grove, Glenn Watkins, 40, Elk Grove, Kevin Watkins, 25, Elk Grove, Frederick Davis, 40, Elk Grove, and Paul Yearby Jr...

10 individuals with various offenses related to their alleged participation in a mortgage fraud conspiracy

Posted on December 20, 2010
David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in New Haven has returned a second superseding indictment charging a total of 10 individuals with various offenses related to their alleged participation in a mortgage fraud conspiracy...

Four More Charged with Participating in Mortgage Fraud Conspiracy

Posted on December 19, 2010
David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in New Haven has returned a second superseding indictment charging a total of 10 individuals with various offenses related to their alleged participation in a mortgage fraud conspiracy...

McLean Man Sentenced 63 Months for Mortgage Fraud

Posted on December 19, 2010
ALEXANDRIA, VA?Aaron V. Hernandez, 41, of McLean, Va., was sentenced today to 63 months in prison, followed by four years of supervised release, for running a mortgage fraud scheme that caused more than $4.5 million in losses. Hernandez was ordered to pay more than $4...

Cleveland mortgage fraud scheme nets 25-count indictment

Posted on December 17, 2010
Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced that a 25-count federal grand jury indictment in Cleveland, Ohio, was returned today against Kimberly Wilson, Michael Boyce, Beyond Wynn, Darlena Rogers, Drummell Coffey, Lawrence Calloway, Gerald Ford, Nafessah Walker, Travis Haynes, Antoinece Robin Boyd, Lavon Ruderson, Wesley D...

Mortgage Fraud Taking a Bite Out of $2.37 Trillion Dollar Real Estate Market

Posted on December 17, 2010
Equity skimming. Property flipping. Straw buyers. Inflated appraisals. These are some of the fraud schemes criminals are using to take advantage of a $2.37 trillion mortgage market in the United States. To fight this growing scourge, we announced a partnership on March 8 with the Mortgage Bankers Association, which represents an industry hit by fraud [...

Federal Judge Sentences Former Irving, Texas Executive to More Than 10 Years in Federal Prison for Defrauding Citicapital Commercial Corporation and GE Capital Commercial, Inc.

Posted on December 16, 2010
Justin Laurin Prather Also Ordered to Pay Nearly $17.5 Million in Restitution DALLAS?Justin Laurin Prather, 38, of Lubbock, Texas, formerly of Irving, Texas, who pleaded guilty in August 2010 to one count of wire fraud, was sentenced late Friday by Chief U...

Former President of Title Insurance Agency Pleads Guilty in Manhattan Federal Court to Misappropriating Millions of Dollars Worth of Client Funds

Posted on December 16, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, announced today that BRIAN H. MADDEN, the former president and co-founder of Liberty Title Agency, LLC (“Liberty Title”), one of the largest independently owned title insurance agencies in New York State, pled guilty in Manhattan federal court to defrauding his clients by [...

Charges and Civil Complaint Filed in Foreclosure Rescue Scheme

Posted on December 15, 2010
Civil Complaint Seeks Help for Scam Victims Facing Foreclosure PHILADELPHIA?An indictment was unsealed and a verified civil complaint was filed today against Anthony J. DeMarco, III and his real estate companies, DeMarco REI, Inc. (?DeMarco REI?) and OPM Group, LLC, (?OPM?), alleging a mortgage fraud scheme involving more than $30 million in loans, announced United [...

Paralegal Sentenced in Manhattan Federal Court to Prison for Mortgage Fraud and Foreclosure Rescue Schemes

Posted on December 15, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, announced that MARINA DUBIN, a real estate paralegal, was sentenced yesterday to two concurrent three-year prison sentences in connection with her involvement in a multimillion-dollar, sub-prime mortgage fraud scheme and another foreclosure rescue scheme...

Middletown Man Admits Role in Mortgage Fraud Scheme

Posted on December 14, 2010
David B. Fein, United States for the District of Connecticut, announced that JOHN JACKSON, 42, of Middletown, pleaded guilty today before United States District Judge Christopher F. Droney in Hartford to a one count of conspiring to commit wire fraud stemming from a mortgage fraud scheme...

Federal Judge Sentences Former Irving, Texas Executive to More Than 10 Years in Federal Prison for Defrauding Citicapital Commercial Corporation and GE Capital Commercial, Inc.

Posted on December 14, 2010
Justin Laurin Prather Also Ordered to Pay Nearly $17.5 Million in Restitution DALLAS?Justin Laurin Prather, 38, of Lubbock, Texas, formerly of Irving, Texas, who pleaded guilty in August 2010 to one count of wire fraud, was sentenced late Friday by Chief U...

Financial Fraud Enforcement Task Force Holds Mortgage Fraud Summit in Los Angeles

Posted on December 13, 2010
LOS ANGELES?Representatives of the Financial Fraud Enforcement Task Force met in Los Angeles today for the latest in a series of Mortgage Fraud Summits. The task force?established by President Barack Obama in November 2009 to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes?is comprised of representatives from a broad range [...

Mortgage Broker Sentenced to 15 Months in Prison for Mortgage Fraud Scheme

Posted on December 13, 2010
PHILADELPHIA?Frank J. Dattilo, 64, of Holland, Pennsylvania, was sentenced today to 15 months in prison for a scheme to defraud mortgage lenders in an effort to obtain money and property, announced United States Attorney Zane David Memeger. DAttilo was the owner and operator of the mortgage brokerage firm Provident Financial Group (?PFG?), located in Bensalem, [...

Three Indicted in $1 Million Mortgage Fraud Scheme

Posted on December 11, 2010
Two mortgage brokers and one real estate appraiser were indicted yesterday in federal court in St. Paul for allegedly orchestrating a mortgage fraud scheme in which they induced lenders to loan more than $1 million to purchasers to buy properties at inflated prices...

Shawnee Carver of Valley Investments Pleads Guilty to Conspiracy to Commit Securities and Mail Fraud

Posted on December 11, 2010
DENVER?Shawnee Carver, age 34, of Grand Junction, Colorado, pled guilty today before U.S. District Court Judge Philip A. Brimmer to conspiracy to commit securities and mail fraud in connection with a investment fraud scheme perpetrated by Philip Lochmiller, Sr...

REAL ESTATE DEVELOPER SENTENCED TO 14 YEARS IN $50 MILLION REAL ESTATE MORTGAGE FRAUD SCAM

Posted on December 10, 2010
A former Los Angeles-based real estate developer who admitted playing a key role in a $50 million mortgage fraud scheme was sentenced today to 14 years in federal prison for masterminding a scheme that defrauded banks by deceiving them into funding inflated mortgages...

Mortgage Broker Who Played Key Role in Massive Real Estate Fraud Sentenced to 6.5 Years in Prison

Posted on December 10, 2010
LOS ANGELES?A former mortgage broker who helped orchestrate a massive mortgage fraud scheme that caused well over $40 million in losses was sentenced today to 78 months in federal prison. Mark Alan Abrams, 49, of downtown Los Angeles, was sentenced by United States District Judge Dean D...

Defendant in EFI Fraud Scheme Pleads Guilty

Posted on December 10, 2010
Joseph M. Braas, 45, of Lititz, PA, pleaded guilty today to one count of conspiracy and two counts of mail fraud for his role in a sophisticated loan fraud scheme that caused losses of approximately $53 million at Equipment Finance, LLC (?EFI?), announced United States Attorney Zane David Memeger...

Perpetrator of $50 Million Real Estate Ponzi Scheme Sentenced to Six Years in Prison

Posted on December 09, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ANTOINETTE HODGSON was sentenced yesterday in Manhattan federal court to six years in prison for running a $50 million real estate Ponzi scheme that fraudulently solicited investments from over 20 New York and New Jersey investors...

Owners of Guaranty Title Sentenced for $4.1 Million Fraud

Posted on December 09, 2010
SPRINGFIELD, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced today that the owners of Guaranty Title, formerly headquartered in Nixa, Missouri, have been sentenced in federal court for their roles in $4.1 million wire fraud, bank fraud and money laundering conspiracies...

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