Loan Modification

Columbia Car Dealer Sentenced for $1.7 Million Bank Fraud

Posted on November 15, 2010
JEFFERSON CITY, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced that the former owner of a car dealership in Columbia, Mo., was sentenced in federal court today for a $1.7 million bank fraud scheme. Gregg Dean Woods, 49, of Columbia, was sentenced in federal court today to two years and three [...

Owner of Guaranty Title Pleads Guilty to $2.7 Million Wire Fraud Conspiracy

Posted on November 14, 2010
SPRINGFIELD, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced today that the owner of Guaranty Title, formerly headquartered in Nixa, Mo., pleaded guilty in federal court today to his role in a $2.7 million wire fraud conspiracy and money laundering...

Former Loan Officer and Document Forger Plead Guilty to Roles in Mortgage Fraud Scheme

Posted on November 14, 2010
TRENTON, NJ?Edivaldo dos Santos and Rosa Damasceno each pleaded guilty today to conspiring to commit mortgage fraud, admitting that they attempted to use false documents to secure a fraudulent mortgage loan, U.S. Attorney for the District of New Jersey Paul J...

Luling Woman Pleads Guilty to Bank Fraud

Posted on November 13, 2010
NEW ORLEANS, LA?United States Attorney Jim Letten announced that CHARLOTTE TROXLER, 46, of Luling, Louisiana, pled guilty as charged to a bill of information filed on September 24, 2010 charging TROXLER with three counts of defrauding First American Bank in connection with the theft of funds during her employment with Benson Properties, Benson Football L...

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Jury Convicts Mason Homebuilder for Role in Mortgage Fraud Scheme Involving Luxury Homes

Posted on November 13, 2010
CINCINNATI?A jury in U.S. District Court found Bernard J. Kurlemann, 57, of Mason, guilty of conspiracy and fraud. Kurlemann participated in a mortgage fraud scheme to deceive lending institutions by agreeing to sell high-end luxury properties to ?straw buyers? and submitting false information on purchase contracts and other loan documents regarding down payments that were [...

Indictment Unsealed in Redding Mortgage Fraud Investigation

Posted on November 12, 2010
SACRAMENTO, CA?United States Attorney Benjamin B. Wagner announced today that a 13-count indictment was unsealed today charging Douglas Heald, of Sacramento; Brandon Hanly, of Redding; and Jerad Maggi in a scheme to defraud mortgage lenders. This case is the product of an extensive investigation by the FBI...

Former Manager of Connecticut ATM Company Admits Role in Multi-Million-Dollar Bank Fraud Conspiracy

Posted on November 12, 2010
The United States Attorney for the District of Connecticut announced that JOHN DeMILO, 42, of Branford, pleaded guilty today 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...

Former Manager of Connecticut ATM Company Admits Role in Multi-Million-Dollar Bank Fraud Conspiracy

Posted on November 10, 2010
The United States Attorney for the District of Connecticut announced that JOHN DeMILO, 42, of Branford, pleaded guilty today 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...

Five Plead Guilty to Stealing $5 Million from Mortgage Lenders

Posted on November 10, 2010
Earlier today, the last two of five defendants connected to a $20 million mortgage fraud scheme appeared in federal court in Minneapolis to plead guilty to charges in connection to that crime. Before United States District Court Judge Ann D. Montgomery, Thanh Van Ngo, age 29, of Plymouth, pleaded guilty to one count of aiding [...

Former Springfield Resident Pleads Guilty to Mortgage Fraud

Posted on November 09, 2010
BOSTON?United States Attorney Carmen M. Ortiz; William P. Offord, Special Agent in Charge of the Internal Revenue Service Criminal Investigations, Boston Field Division; and Richard DesLauries, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division, announced today that EDGAR CORONA pleaded guilty before U...

Former Atheros Executive Sentenced in Manhattan Federal Court to 18 Months in Prison in Galleon Insider Trading Case

Posted on November 09, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, announced that ALI HARIRI, a former executive at Atheros Communications, Inc. (“Atheros”), was sentenced today in Manhattan federal court to 18 months in prison for his participation in the largest hedge fund insider trading case in history...

Gainesville, Florida Man Arrested for His Role in a $30 Million Ponzi Scheme

Posted on November 08, 2010
WASHINGTON?David R. Lewalski, formerly of Gainesville, Fla., was arrested today in Manhattan on a wire fraud charge related to his alleged participation in a $30 million investment fraud scheme, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division and U...

Dothan Man Sentenced to Three Years in Prison for Embezzlement

Posted on November 08, 2010
MONTGOMERY, AL?James E. Goldsborough, age 71, was sentenced by U.S. District Judge W. Keith Watkins to 36 months in federal prison for embezzling funds from PeoplesSouth Bank (PSB), U.S. Attorney Leura G. Canary announced today. On July 19, 2010, Goldsborough pleaded guilty to a one-count felony information charging him with embezzlement of funds by a [...

Guilford Man Pleads Guilty to Fraud and Tax Evasion Charges Stemming from $2 Million Investment Scheme

Posted on November 07, 2010
David B. Fein, United States Attorney for the District of Connecticut, announced that CARLOS GARCIA, 48, of Bayberry Lane, Guilford, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Thomas P. Smith in Hartford to mail fraud, wire fraud, and tax evasion charges stemming from a $2 million investment scheme...

Man Charged with Wire Fraud in Connection with Sale of Paper Mill

Posted on November 07, 2010
Richard S. Hartunian, United States Attorney for the Northern District of New York, and John F. Pikus, Special Agent in Charge of the Albany Division of the Federal Bureau of Investigation, announced that a federal grand jury in Albany returned a seven-count indictment yesterday charging John M...

Fugitive Charged with Defrauding Man of Cape Cod Property

Posted on November 06, 2010
BOSTON, MA?A New York fugitive from justice was charged yesterday in federal court with mail and wire fraud in connection with a scheme to defraud a Massachusetts man of his Hyannis waterfront property. MICHAEL HOWARD CLOTT, aka MICHAEL HOWARD, 58, currently in custody in New York, was charged in an indictment with three counts of [...

Myrtle Beach Developers Plead Guilty to Fraud Charges

Posted on November 06, 2010
COLUMBIA, SC?United States Attorney Bill Nettles stated today that Jeffrey Todd Shoup, age 45, and David Thomas Hix, Jr., age 49, of both of Myrtle Beach, South Carolina, pled guilty in federal court in Florence, to conspiracy to commit mail, wire, and bank fraud, a violation of Title 18, United States Code, Section 1349...

Credit Union Manager Sentenced for Embezzling $400,000

Posted on November 05, 2010
KANSAS CITY, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced that a Claycomo, Missouri woman was sentenced in federal court today for embezzling nearly $400,000 from the credit union where she was employed as a branch manager...

Emmetsburg, Iowa Real Estate Broker Charged with Fraud, Identity Theft, and Money Laundering

Posted on November 05, 2010
Jean Teresa Hoffert, age 59, from Emmetsburg, Iowa, has been charged with 13 counts of mail fraud, six counts of bank fraud, three counts of aggravated identity theft, and three counts of money laundering. The charges are contained in an Indictment unsealed today in United States District Court in Sioux City...

Mississippi Businessman Jeffrey Lynn Walker Arrested in Tennessee

Posted on November 04, 2010
Daniel McMullen, Special Agent in Charge of the Federal Bureau of Investigation (FBI) in Mississippi, and James C. Lee, Special Agent in Charge, Internal Revenue Service – Criminal Investigation (IRS-CID), New Orleans Field Office, stated that JEFFREY LYNN WALKER, age 47, was arrested on November 2, 2010, by FBI agents in Nashville, Tennessee, pursuant to [...

The Avoidance Game: Mauro Padilla Arrested by F.B.I

Posted on November 04, 2010
FIRST NATIONAL BANK of EDINBURG, Texas is in a QUESTIONABLE POSITION with the current LAWSUIT as an alleged CONSPIRED PARTNER of convicted felon Mauro Padilla, defrauding multiple investors in various developments, Maria del Rosario Padilla was the loan guarantor and bookkeeper...

Rhode Island Real Estate Attorney, State Senator to Plead Guilty as Charged to Mortgage Fraud Schemes Netting More Than $1.7 Million

Posted on November 03, 2010
PROVIDENCE, RI?Christopher B. Maselli, a North Providence real estate attorney and state senator from Johnston, has filed notice with the U.S. District Court in Providence that he intends to plead guilty to eight counts of bank fraud, as charged by the government...

Fraudsters Behind Multi-Million-Dollar Advance-Fee Scheme Found Guilty in Manhattan Federal Court

Posted on November 03, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, announced that NOEMI DODAKIAN, a/k/a “Emi Dodakian,” and CHONG SHING WU were found guilty yesterday afternoon by a federal jury of wire fraud conspiracy based on their participation in a fraudulent advance-fee scheme that spanned years and robbed victims across the country [...

Columbia Bank Officer Sentenced for Embezzling Bank Funds, Must Pay $1 Million Restitution

Posted on November 02, 2010
JEFFERSON CITY, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced today that a former bank officer at US Bank in Columbia, Mo., has been sentenced in federal court for embezzling bank funds and must pay more than $1 million in restitution...

Canton Man Charged in Property Mortgage Scam

Posted on November 02, 2010
BOSTON?A indictment charging a Canton man with multiple counts of wire fraud in connection with a multi-year, multi-property mortgage fraud scheme was unsealed today in U.S. District Court. PRINCE CHARLES EWEKA, 45, of Canton, was arrested this morning after being charged with eight counts of wire fraud in federal court on Wednesday...

Rogers Woman Sentenced to Prison for Bank Fraud

Posted on November 01, 2010
LITTLE ROCK?Jane W. Duke, United States Attorney for the Eastern District of Arkansas, announced today the sentencing of Dana Washburn, age 41, of Rogers, Arkansas, before the Honorable J. Leon Holmes, Chief Judge, United States District Court, Eastern District of Arkansas...

California Man Charged in $18 Million Ponzi Scheme

Posted on November 01, 2010
EUGENE, OR?Today, an indictment was unsealed that charged Louis J. Borstelmann, 68, of Thousand Oaks, California, with mail fraud, wire fraud, and money laundering in connection with a Ponzi scheme that reached Florence, Oregon. According to the indictment, defendant solicited approximately 100 individuals to invest in real estate through his company Sunburst Associates, Inc...

Former Bank President Pleads Guilty

Posted on October 31, 2010
Scheme Forced Bank to Close, FDIC Paid $4.3 Million in Losses KANSAS CITY, MO?Beth Phillips, United States Attorney for the Western District of Missouri, announced that the former president of Hume Bank in Bates County, Mo., pleaded guilty in federal court today to making false statements to the FDIC as part of a bank fraud [...

Golden Valley Man Pleads Guilty to Mortgage Fraud Scheme

Posted on October 31, 2010
A 46-year-old Golden Valley man pled guilty earlier today in federal court in Minneapolis to orchestrating a mortgage fraud scheme that resulted in the theft of more than $2.5 million from lenders nationally. The scheme centered on obtaining fraudulent loans for the purchase of 24 homes in the Twin Cities...

Fugitive Ohio Executive Previously Convicted for Role in $2.8 Billion Fraud Arrested in Mexico

Posted on October 30, 2010
WASHINGTON?Former (NCFE) executive Rebecca S. Parrett, 62, has been arrested in Mexico, announced Assistant Attorney General Lanny A. Breuer of the Criminal Division, U.S. Attorney Carter M. Stewart for the Southern District of Ohio and U.S. Marshal Cathy Jones for the Southern District of Ohio...

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