Mortgage Fraud

Las Vegas attorney pleads guilty to mortgage fraud crimes

Thu, 16 May 2013 20:43:17 GMT

Source: www.mynews3.com --- Thursday, May 16, 2013
A local attorney has pleaded guilty for participating in a scheme to obtain Mortgage loans from financial institutions using straw buyers and false loan applications. ...

Dorchester man gets 7-year sentence in mortgage fraud scheme

Wed, 15 May 2013 18:34:50 GMT

Source: bostonherald.com --- Wednesday, May 15, 2013
A Dorchester man was sentenced to more than seven years in prison yesterday for operating a Mortgage Fraud scheme to sell his own home and buy other residential properties, according to the U.S. Attorney’s Office. Peterson Cherimond, 36, was also sentenced to one year of supervised release and ordered to pay $2.2 million in restitution to six Mortgage lender victims. Cherimond pleaded guilty in July 2012 to nine counts of wire Fraud and three counts of money laundering. ...

Dorchester man sentenced for mortgage fraud

Wed, 15 May 2013 17:39:33 GMT

Source: www.bizjournals.com --- Wednesday, May 15, 2013
A Dorchester man was sentenced in federal court yesterday for operating a Mortgage Fraud scheme to sell his home and to buy other residential properties. Peterson Cherimond, 36, was sentenced by U.S. District Judge George O’Toole to seven years in prison and ordered to pay $2.2 million in restitution to six Mortgage lender victims. Last year, Cherimond pleaded guilty to 13 counts of wire Fraud, seven counts of identity Fraud, three counts of money laundering and two counts of aggravated identity… ...

Dethroned Boy Kingpin Of Detroit Strip Clubs Arrested For Mortgage Fraud

Sun, 12 May 2013 18:14:12 GMT

Source: implode-explode.com --- Sunday, May 12, 2013
Bilal Haidar, who at 24 rose to fame for his rapid rise and fall as a kingpin of the Detroit Strip Club industry with his Starvin' Marvin chain of strip clubs has been arrested for lying about his income on a Mortgage application. If it can happen to him, it could happen to you! ...

Emails Prove JPMorgan Committed Massive Mortgage Fraud

Fri, 10 May 2013 21:02:41 GMT

Source: dailybail.com --- Friday, May 10, 2013
TEFLON JAMIE This Bankster is Too Big Too Jail The system is just too darn frail These men are like God We must accept Fraud Or else the whole system may fail The Limerick King --- Emails Show JPMorgan Committed Massive Mortgage Fraud New York Times Dealbook JPMorgan Chase CEO Jamie Dimon has tried his best to suggest that the financial crisis was someone else's fault. But a batch of court documents released this week undermine this claim, indicating that the bank knew the Mortgage investments it sold were seriously flawed. According to the documents, which include emails and transcripts of employee interviews filed in an investor lawsuit by Europe's Dexia Bank, JPMorgan hired independent analysts to review the quality of the home loans it was packaging for sale prior to the collapse of the housing market. That review found that 20 to 80 percent of the mortgages did not meet underwriting standards , Bloomberg reports. These documents show that JPMorgan bundled these mortgages into complex securities anyway and then sold them to investors without disclosing their problems, according to Bloomberg and the New York Times. The lawsuit, which was filed by Dexia, a Belgian-French bank, is being closely watched on Wall Street. After suffering significant losses, Dexia sued JPMorgan and its affiliates in 2012, claiming it had been duped into buying $1.6 billion of troubled Mortgage-backed securities. The latest documents could provid ...

UKLAWNEWS published Family acquitted of mortgage fraud

Thu, 09 May 2013 16:21:32 GMT

Source: www.thisistotalessex.co.uk --- Thursday, May 09, 2013
Three members of a family accused of Mortgage Fraud have been formally found not guilty of the charges.Carli Savill, 34, and her partner Andrew Zacharias, 32, of Bennetts Avenue, Rettendon Common, Chelmsford, and his mother Anne Zacharias, 57, formerly of Well Lane, Stock, but now of Sutton, Surrey, had between them denied six allegations of Fraud.After the trial at Chelmsford Crown Court had been opened and some witness evidence given, prosecutor Jamie Sawyer today told the judge that... ...

Orangevale man suspected in mortgage fraud

Wed, 08 May 2013 21:48:54 GMT

Source: www.bizjournals.com --- Wednesday, May 08, 2013
A five-count grand jury indictment unsealed this week charges Valeri Kalyuzhnyy of Orangevale with making false statements on a loan and credit application and money laundering. The indictment alleges Kalyuzhnyy prepared and submitted loan applications to Washington Mutual Bank, Bank of America, U.S. Bank and Countrywide Bank that falsely stated various homebuyers’ income, employment, assets and intent to occupy the homes as their primary residences — and originated almost $4 million in residential… ...

UKLAWNEWS published Chelmsford couple accused of mortgage fraud

Tue, 07 May 2013 16:03:22 GMT

Source: www.thisistotalessex.co.uk --- Tuesday, May 07, 2013
A Chelmsford couple went on trial today at Chelmsford Crown Court with a third defendant from Surrey accused of Mortgage Fraud.The trial of Andrew Zacharias, 32, and Carli Savill, 34, both of Bennetts Avenue, Rettendon Common, and Anne Zacharias, 56, of Duke Street, Sutton, Surrey, is set to last around two weeks.The Chelmsford couple have each been charged with fraudulently making a false representation in 2007 relating to a Mortgage application.Savill is further charged with a similar... ...

LA man guilty in Bakersfield mortgage fraud scheme

Mon, 06 May 2013 22:56:45 GMT

Source: www.bakersfieldnow.com --- Monday, May 06, 2013
A Los Angeles man pleaded guilty Monday to bank Fraud in connection with a Mortgage Fraud scheme in Bakersfield, according to federal prosecutors. ...

Arizona man charged in mortgage fraud set for sentencing

Mon, 06 May 2013 20:23:51 GMT

Source: www.ktar.com --- Monday, May 06, 2013
Sentencing is set for one of four people charged in the case of a defunct Arizona Mortgage lender accused of swindling. ...

Former Hillsborough official sentenced for mortgage fraud

Mon, 06 May 2013 19:08:52 GMT

Source: tbo.com --- Monday, May 06, 2013
...

Man charged in mortgage fraud set for sentencing

Mon, 06 May 2013 17:31:01 GMT

Source: topics.areavoices.com --- Monday, May 06, 2013
BISMARCK Sentencing is set for one of four people charged in the case of a defunct Arizona Mortgage lender accused of swindling Bismarck-based BNC National Bank out of about $27 million. Continue Reading ...

Oakdale man receives probation in mortgage fraud scheme

Mon, 06 May 2013 17:24:33 GMT

Source: www.twincities.com --- Monday, May 06, 2013
An Oakdale man who provided inflated appraisals for a $7 million Mortgage Fraud scam received three years of probation this week. ...

Four Indicted In Mortgage Fraud Scam

Mon, 06 May 2013 17:05:30 GMT

Source: lasvegas.cbslocal.com --- Monday, May 06, 2013
(Las Vegas, NV) — Nevada Attorney General Catherine Cortez Masto has announced three Nevada residents and one California resident have been indicted by a grand jury on several felonies in connection with their operation of a Mortgage lending Fraud scam. A 15 count indictment was returned by a grand jury on April 22, 2013, charging the following individuals: • Lynda Finch-Estrada, 54, of Las Vegas, Nevada • William Chrissikopoulos, 43, of Las Vegas, Nevada • Alan Dornhuber, 63, of Las Vegas, Nevada • William Patterson, 51, of El Monte, California KXNT spoke with Dep. Attorney General Sarah Overly and was told the biggest why the scam was out of the ordinary. “These defendants requested upfront fees. Generally, the acceptance of upfront fees is not legal unless you are dealing with an attorney. If you ever feel like you have a legal remedy in regard to your loan contact an attorney,” says Overly. Cortez Masto created the Home Again Nevada Homeowner Relief Program in January in response to the National Mortgage Settlement to aid borrowers that are underwater, as well as homeowners entering foreclosure and households working toward homeownership. “If anyone is ever concerned that they are dealing with an issue that could subject them to being a victim of a crime, then we encourage them to contact our consumer protection hotline (702 486 3132). They can submit a complaint and let the AG’s office know if they have any issues that aren’ ...

Mortgage fraud suspect co-owns magazine company

Sun, 05 May 2013 19:11:43 GMT

Source: www.news-journalonline.com --- Sunday, May 05, 2013
This is the first time that a name has been linked to Vanguard OmniMedia Group since Floridian View's former editor and publisher Manuel Bornia left the area in August 2012. ...

Appraiser sentenced in $7.7 million mortgage fraud scheme

Sat, 04 May 2013 18:03:15 GMT

Source: www.bizjournals.com --- Saturday, May 04, 2013
An Oakdale real estate appraiser has been sentenced to three years of probation for his role in a $7.7 million Mortgage Fraud scheme, the U.S. Attorney's Office said. Bryan Joseph Lenton, 33, had been indicted in December 2010 and had pleaded guilty in March 2011. "Lenton ... admitted he provided appraisals for properties that falsely inflated market values in order to create a pool of funds to be split among him, his co-defendants, and straw buyers," the government said in a news release. Prosecutors… ...

Tarsem Singh Gill pleads guilty to $40-million mortgage fraud after long delay bringing case to trial

Fri, 03 May 2013 20:06:34 GMT

Source: www.theprovince.com --- Friday, May 03, 2013
A former real estate developer pleaded guilty Friday in connection with a $40-million Mortgage Fraud that involved dozens of Lower Mainland home purchases. In a brief court appearance, Tarsem Singh Gill entered guilty pleas to two counts of Fraud before B.C. Supreme Court Justice Terry Schultes in Vancouver. His four-week trial had been scheduled to open Monday. ...