Loan Modification

Sewell, New Jersey Man Pleads Guilty to Multi-Year Bank Fraud Scheme

Posted on January 12, 2011
PHILADELPHIA?Brian Geller, 32, of Sewell, New Jersey, pled guilty today to a multi-year bank fraud scheme that netted him over $1.8 million between the summer of 2005 and the summer of 2009 from JP Morgan Chase Bank, announced United States Attorney Zane David Memeger...

Miami Man Charged in Palm Beach Mortgage Fraud Scam

Posted on January 11, 2011
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office; Henry Gutierrez, Postal Inspector in Charge, U.S. Postal Inspection Service; J...

Manassas Woman Pleads Guilty to Mortgage Rescue Scheme

Posted on January 11, 2011
ALEXANDRIA, VA?Linda Sadr, 51, of Manassas, Va., pled guilty yesterday to mail fraud, wire fraud, and money laundering in relation to a ?mortgage elimination? scheme that caused more than $10 million in losses. Neil H. MacBride, United States Attorney for the Eastern District of Virginia, and James W...

Two More People Sentenced for Mortgage Fraud Crimes

Posted on January 09, 2011
INDIANAPOLIS?Kevin Lafavers, age 46, formerly of Indianapolis, was sentenced today to 33 months in federal prison, and Donald T. Brown, age 67, Lebanon, Indiana was sentenced to 27 months in prison. Circuit Judge David F. Hamilton sentenced both individuals following Lafavers’ guilty pleas to conspiracy to commit wire fraud and wire fraud and Brown?s guilty [...

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Federal Mortgage Fraud Charges Filed Against Owner and Employees of Former Nevada Investment Companies

Posted on January 09, 2011
LAS VEGAS?A man who owned and operated numerous now-defunct Nevada investment companies, and two of his former employees, were indicted by the federal grand jury today on mortgage fraud charges, announced Daniel G. Bogden, United States Attorney for the District of Nevada...

Rhode Island Man Admits Involvement in Mortgage Fraud Scheme

Posted on January 08, 2011
David B. Fein, United States Attorney for the District of Connecticut, announced that NATHAN RUSSO, 34, of Johnston, Rhode Island, pled guilty today before Chief United States District Judge Alvin W. Thompson in Hartford to one count of conspiracy to commit wire fraud stemming from his participation in a mortgage fraud conspiracy...

Hilton Head Man Arrested in Malta Sentenced for Fraud

Posted on January 08, 2011
COLUMBIA, SC?United States Attorney William N. Nettles stated today that James Sadler, age 66, of Hilton Head, was sentenced in federal court in Charleston, South Carolina, for wire fraud and identity theft, a violation of Title 18, United States Code, Sections 1343 and 1028...

Bethesda Loan Broker Pleads Guilty to Mortgage Fraud Scheme

Posted on January 07, 2011
Mail Fraud and Wire Fraud are offences under United States Federal Law which refer to specific statutory crimes committed in the United States of America pursuant to any scheme that attempts to unlawfully obtain money or property in which the U S Postal system is used at any point in the commission of a criminal [...

Baltimore Bank VP Pleads Guilty to Bank Fraud

Posted on January 07, 2011
Bank fraud is the use of fraudulent means to obtain money, assets, or other property owned or held by a financial institution through skillful ingenuity, as opposed to bank robbery or theft. Andrew Rosenfeld, age 39, of Ellicott City, Maryland, pleaded guilty today to conspiracy to commit bank fraud...

Texas Man Sentenced for Mortgage Fraud Scheme

Posted on January 06, 2011
Real Estate Investor Ordered to Pay Over $4.1 Million in Restitution SHERMAN, TX?U.S. Attorney John M. Bales announced today that a 38-year-old Grapevine, Texas man has been sentenced to federal prison for his role in a mortgage fraud scheme in the Eastern District of Texas...

Fairfield Man Admits Role in Multi-Million-Dollar Bank Fraud Conspiracy

Posted on January 06, 2011
The United States Attorney for the District of Connecticut announced that GARY VESTUTI, 43, of Fairfield, pleaded guilty yesterday, January 4, before United States District Judge Janet Bond Arterton in New Haven to one count of conspiracy to commit bank fraud stemming from his involvement in a multi-million-dollar bank fraud scheme...

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

Posted on January 05, 2011
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, [...

Four Indicted in Mortgage Fraud Case

Posted on January 05, 2011
Four Detroit area residents were indicted on charges of wire fraud and interstate transportation of money taken by fraud, announced United States Attorney Barbara L. McQuade. McQuade was joined in the announcement by Special Agent in Charge Andrew G. Arena, Federal Bureau of Investigation...

Former Financial Advisor Charged with Defrauding Investors of at Least $2 Million

Posted on January 04, 2011
FRESNO, CA?Jesse Alvin Cripps Sr., 57, previously of Visalia, California, surrendered to the FBI this morning in Dallas. He is charged with 27 counts of mail fraud and three counts of money laundering, U.S. Attorney for the Eastern District of California Benjamin B...

Husband/Wife Team Sentenced in Mortgage Loan Fraud Scheme

Posted on January 04, 2011
Emanuel County Couple Sentenced in Mortgage Fraud Scheme STATESBORO, GA?BRIAN STEPTOE, 41, and NATASHA STEPTOE, 38, both from Emanuel County, Georgia, were sentenced yesterday in federal district court for their roles in a mortgage fraud scheme that occurred in Swainsboro, Georgia...

Georgia Woman Imprisoned for 18 Months for Mortgage Fraud

Posted on January 03, 2011
The United States Attorney?s Office for the Middle District of Pennsylvania announced that an Atlanta, Georgia resident was sentenced to 18 months in federal prison by Senior U.S. District Court Judge William J. Nealon for her role in a Luzerne County mortgage fraud scheme in 2005 and 2006...

Former Fee Attorney Indicted in Alleged Multi-Million-Dollar Mortgage Fraud Scheme

Posted on January 03, 2011
HOUSTON?Vincent Wallace Aldridge and Tori Aldridge, both of Fresno, Texas, surrendered themselves to federal authorities as a result of the return of a 19-count indictment arising from an alleged scheme to defraud residential mortgage lenders of more than $3...

Former Doral Senior Executive Sentenced to 60 Months in Prison for Securities Fraud Scheme That Caused Approximately $4 Billion Decline in Shareholder Value

Posted on January 02, 2011
NEW YORK?Mario S. Levis, aka ?Sammy Levis,? was sentenced today to 60 months in prison by U.S. District Judge Thomas P. Griesa, announced Preet Bharara, U.S. Attorney for the Southern District of New York. After a five-week jury trial in March and April 2010, Levis was found guilty on securities and wire fraud charges for [...

Orange County Man Surrenders After Being Indicted in Investment Fraud Case that Caused $2.4 Million in Losses

Posted on January 02, 2011
SANTA ANA, CA?An Irvine man pleaded not guilty this afternoon after surrendering this morning to special agents with the FBI in an investment scheme case that allegedly involved losses totaling $2.4 million. Charles ?Chuck? Davis, 53, was taken into custody without incident this morning and was arraigned this afternoon in United States District Court...

Principals of Defunct Hedge Fund Indicted for $30 Million International Fraud Scheme

Posted on January 01, 2011
ATLANTA, GA?THOMAS REPKE, 57, of Salt Lake City, Utah, was arraigned today before a U.S. Magistrate Judge in Atlanta on multiple counts of mail fraud, wire fraud and conspiracy, relating to his operation of the Utah-based investment company, ?Coadum Capital...

Manhattan U.S. Attorney Charges Consultant of Expert-Networking Firm with Insider Trading

Posted on January 01, 2011
PREET BHARARA, the United States Attorney for the Southern District of New York, and JANICE K. FEDARCYK, the Assistant Director-in-Charge of the New York Office of the Federal Bureau of Investigation (?FBI?), announced that WINIFRED JIAU, a/k/a ?Wini,? was arrested yesterday afternoon on charges relating to her involvement in an insider trading scheme...

Five Defendants Charged With Mortgage Fraud Cases

Posted on December 31, 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...

New York Real Estate Developer Pleads Guilty to $92 Million Mortgage Fraud Conspiracy

Posted on December 31, 2010
Thomas Kontogiannis, a who led a mortgage fraud conspiracy resulting in more than $90 million losses, pleaded guilty to conspiracy to commit bank and wire fraud in federal court in Brooklyn today. Kontogiannis admitted defrauding Washington Mutual Bank (“WAMU”) and DLJ Mortgage Capital, Inc...

Attorney, Mortgage Loan Officers Create Loan Mortgage Fraud Scheme

Posted on December 30, 2010
Nora R. Dannehy, United States Attorney for the District of Connecticut, announced that GEORGE HAJATI, also known as Gjergji Hajati, 31, of Westerly Terrace, Rocky Hill, pleaded guilty today before United States District Judge Mark R. Kravitz in New Haven to one count of conspiracy to commit wire fraud and eight counts of wire fraud [...

Schenectady Man Sentenced to 27 Months in Prison for Role in Mortgage Fraud Scheme

Posted on December 30, 2010
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 Development in New York, John F. Pikus, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, and Lt...

Former Chicago Man Allegedly Swindled Nearly $8 Million from More Than 50 Victims in Investment Fraud Scheme

Posted on December 29, 2010
CHICAGO?A former Chicago man was charged with allegedly engaging in an investment fraud scheme, swindling nearly $8 million from more than 50 victims who were led to believe they were buying shares of stock in well-known companies. The defendant, Randy M...

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

Posted on December 29, 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...

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

Posted on December 27, 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...

Cleveland-Area Man Charged as ?Straw Buyer? in Mortgage Fraud Scheme

Posted on December 27, 2010
A one-count information was filed against Dr. Robert J. Rosenstein, charging him with conspiracy to commit bank fraud, false statements to influence a bank to make a loan, mail fraud, and wire fraud, Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, announced today...

Mortgage Fraud Scam ?Dream Homes? Turns into Nightmare

Posted on December 26, 2010
The company had all the trappings of success?its top officials lived lavish lifestyles, kept a fleet of chauffeur-driven cars, and donated generously to charities. And it used slick marketing to sell its ?Dream Homes Program,? which promised to pay homeowners? mortgages in return for an up-front fee that would be invested in profitable business ventures...

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