Loan Modification

Manhattan U.S. Attorney Charges 14 Participants in Criminal Ring with $30 Million Credit Card Fraud and Bank Fraud

Posted on March 13, 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 the arrest of 14 men who participated in a criminal ring engaged in conspiracy to commit credit card fraud, bank [...

Former Chief Operating Officer Pleads Guilty in Manhattan Federal Court in Connection with $140 Million Investment Fraud and Stock Manipulation Scheme

Posted on March 13, 2011
PREET BHARARA, the United States Attorney for the Southern District of New York, announced today that STEPHEN SHEA, the former chief operating officer at Sky Capital, LLC, has pled guilty in Manhattan federal court in connection with a scheme to defraud investors through two successive securities broker-dealers?The Thornwater Company, L...

Mortgage Fraud Broker Pleads Guilty to Mortgage Fraud

Posted on March 12, 2011
GRAND RAPIDS, MI?Joseph Carr, 56, of Lansing, Michigan, pled guilty to one count of bank fraud, U.S. Attorney Donald A. Davis announced today. Carr admitted as part of his plea before U.S. Magistrate Judge Hugh W. Brenneman Jr. that he defrauded Bank of America by recruiting ?straw buyers? to apply for a mortgage loan for [...

Twelve Arizonans Indicted in Multi-Million-Dollar Mortgage Fraud Schemes

Posted on March 12, 2011
PHOENIX/TUCSON?U.S. Attorney Dennis Burke announced today two indictments charging 12 Arizonans for their involvement in multi-million-dollar mortgage fraud conspiracies. Between the two cases, the defendants fraudulently obtained more than $19 million in loans and more than $5 million in ?cash back? loan proceeds...

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Milford Woman Involved in Mortgage Fraud Scheme is Sentenced

Posted on March 11, 2011
David B. Fein, United States Attorney for the District of Connecticut, announced that MARY ELLEN DURSO, 54, of Milford, was sentenced today by U.S. District Court Judge Mark R. Kravitz in New Haven to three years of probation, the first six months of which DURSO must spend in home confinement, for her involvement in mortgage [...

Con Man Sentenced to 22 Years in Prison in Multi-Million-Dollar Ponzi Scheme That Bilked Hundreds of Investors

Posted on March 11, 2011
Juan Rangel Targeted Spanish-Speaking Victims in $30 Million Ponzi Scheme and in Second Scheme to Steal Savings and Properties from Distressed Homeowners LOS ANGELES?A Downey man was sentenced today to 22 years in federal prison for running two fraud schemes?a Ponzi scheme that took in at least $30 million from more than 500 victims, and [...

Mortgage Fraud Indictment Unsealed

Posted on March 10, 2011
MOBILE, AL?A 14-count mortgage fraud indictment, returned by the February 2011 federal grand jury, was recently unsealed, United States Attorney Kenyen R. Brown announced today. Joan C. Teeters and Jonathan Marc Nattier, residents of Foley, Alabama, were charged with conspiracy to commit wire fraud, mail fraud, and bank fraud and face a maximum sentence of [...

Former Charles County Attorney Sentenced to 46 Months in Prison for Defrauding Clients and Lenders

Posted on March 10, 2011
GREENBELT, MD?Chief U.S. District Judge Deborah K. Chasanow sentenced former attorney Frank P. Jenkins II, age 45, of LaPlata, Maryland, today to 46 months in prison followed by three years of supervised release for wire fraud and mail fraud in connection with a scheme to defraud his clients and lenders in real estate transactions...

Former Stockton Real Estate Investor Sentenced for Mortgage Fraud

Posted on March 09, 2011
SACRAMENTO, CA?United States Attorney Benjamin B. Wagner announced today that United States District Judge William B. Shubb sentenced Iftikhar Ahmad, 40, of Stockton, to 21 months in prison, to be followed by three years of supervised release, and restitution in the amount of $382,750 for multiple counts of mail fraud relating to a scheme involving [...

Romeo Home Builder Gets Jail Time in Mortgage Fraud Scheme

Posted on March 09, 2011
Giuseppe Cracchiolo, 60, of Romeo, Michigan, was sentenced for his role in a mortgage fraud scheme to six months? imprisonment, followed by three years? supervised release, United States Attorney Barbara L. McQuade announced today. McQuade was joined in the announcement by Special Agent in Charge Erick Martinez, Internal Revenue Service Criminal Investigation Division; Andrew Arena, [...

Vaughan Allegedly Swindled $76 Million From Approximately 600 Investors in Ponzi Scheme

Posted on March 08, 2011
ALBUQUERQUE?Douglas F. Vaughan, 63, has been indicted by a federal grand jury on charges stemming from a fraudulent investment operation that was actually a multi-million-dollar Ponzi scheme. The 30-count indictment generally alleges that, between 2005 and 2010, Vaughan operated a promissory note investment program, which he marketed as a means of generating revenue to grow [...

Former U.S. Mortgage President Sentenced to 14 Years in Prison for Orchestrating $136 Million Fraud Scheme

Posted on March 08, 2011
NEWARK, NJ?A Montclair, N.J., man was sentenced today to 168 months in prison for his role in orchestrating the $136 million fraud scheme that bankrupted Pine Brook, New Jersey-based U.S. Mortgage Corp. and its subsidiary, CU National Mortgage, LLC, United States Attorney Paul J...

Two More Plead Guilty in Ongoing Treasure Valley Mortgage Fraud Case

Posted on March 07, 2011
Melody C. Redondo, 32, and Paul G. Redondo, 33, both of Meridian, Idaho, entered guilty pleas today in U.S. District Court in Boise, U.S. Attorney Wendy J. Olson announced. Melody Redondo pleaded guilty to making a false statement to a financial institution, a felony...

Former Austin Businessman Indicted by Federal Grand Jury in Ponzi Scheme

Posted on March 07, 2011
United States Attorney John E. Murphy announced the return of a federal grand jury indictment in Austin charging a former Austin businessman in connection with a Ponzi scheme which victimized more than 300 individuals and resulted in a total estimated loss to investors of $41 million...

Final Three Defendants Sentenced to Federal Prison for ?Phantom? Timber Scheme

Posted on March 06, 2011
Defendants Defrauded Temple-Inland, Inc. of Over $4 Million Between 2003 and 2006 ROME, GA?AARON FREEMAN, 50, of Rome, Georgia; KEVIN A. FIELDS, 31, of Forsyth, Georgia; and JASON S. JOSEPH, 32, of Macon, Georgia, were sentenced today by Senior United States District Judge Robert L...

Former Senior Vice President of Colonial Bank Pleads Guilty to Fraud Scheme

Posted on March 06, 2011
WASHINGTON?Catherine Kissick, a former senior vice president of Colonial Bank and head of its Mortgage Warehouse Lending Division, pleaded guilty today to conspiring to commit bank, wire and securities fraud for her role in a fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW)...

Three Charged in Versailles Mortgage Fraud Scheme

Posted on March 05, 2011
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Daniel W. Auer, Special Agent in Charge, Internal Revenue Service (IRS), Miami Field Office; Jeff Atwater, Chief Financial Officer, Department of Financial Services; John V...

Attorney Admits Participating in Fraudulent Mortgage Loan Scheme

Posted on March 05, 2011
David B. Fein, United States Attorney for the District of Connecticut, announced that RICHARD NOVAK, 47, of Middletown, pleaded guilty today before Chief United States District Judge Alvin W. Thompson in Hartford to one count of making a false statement on a federal mortgage loan document...

Three Charged in Versailles Mortgage Fraud Scheme

Posted on March 04, 2011
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida; Daniel W. Auer, Special Agent in Charge, Internal Revenue Service (IRS), Miami Field Office; Jeff Atwater, Chief Financial Officer, Department of Financial Services; John V...

Columbia Man Sentenced in $2.9 Million Fraud Case

Posted on March 04, 2011
COLUMBIA, SC?United States Attorney Bill Nettles stated today that Jerry Francis Wells, Jr., age 48, of Columbia, was sentenced today in federal court as a result of charges brought against him for falsifying documents required to be filed with the United States Securities and Exchange Commission...

Helena Woman Indicted for Defrauding a Mortgage Lender

Posted on March 02, 2011
SAVANNAH, GA?LINDA HARTLEY, 63, from Helena, Telfair County, Georgia, has been indicted by a federal grand jury for defrauding a mortgage lender. Hartley obtained a loan in August 2007 to refinance rental property that she owned in Deltona, Florida. United States Attorney Edward J...

Swainsboro Couple Sentenced in Mortgage Fraud Scheme

Posted on March 02, 2011
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. ?The U.S. Attorney?s Office will continue to work with law enforcement partners to investigate and prosecute those who engage in financial crimes, [...

LEADER OF $10 MILLION MORTGAGE FRAUD SCHEME SENTENCED TO 8 YEARS IN PRISON

Posted on March 01, 2011
R. Alexander Acosta, United States Attorney for the Southern District of Florida, Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, Alex Hager, Acting Commissioner, State of Florida, Office of Financial Regulation, and Henry Gutierrez, Postal Inspector in Charge, United States Postal Inspection Service, announced today that Antony Dehaney, 56, of Lauderhill and [...

Orlando Man Sentenced for Role in Mortgage Fraud Scheme

Posted on March 01, 2011
ORLANDO, FL?United States Attorney A. Brian Albritton announces that U.S. District Judge Anne C. Conway today sentenced Ramon Cendana (age 48, of Orlando) to more than six years in federal prison for his role in a mortgage fraud scheme. The court also ordered Cendana to pay in excess of $240,000 in restitution to his victims...

Mortgage Fraud Violator Sentenced to 65 Months in Prison

Posted on February 28, 2011
R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Jonathan I. Solomon, Special Agent in Charge, Federal Bureau of Investigation, announced that defendant Jose G. Martin was sentenced today by U.S. District Court Judge Marcia Cooke to sixty five months in federal prison, to be followed by three years of supervised [...

Former Real Estate Appraiser Sentenced to Four Years in Mortgage Fraud Scheme

Posted on February 28, 2011
JACKSONVILLE, FL?United States Attorney A. Brian Albritton announces that U.S. District Judge Henry Lee Adams, Jr. yesterday sentenced Barry C. Westergom (age 60, of Jacksonville) to four years in federal prison for conspiracy to commit wire and bank fraud...

Two Plead Guilty in Broward Mortgage Fraud Scheme

Posted on February 27, 2011
Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, Henry Gutierrez, Postal Inspector in Charge, U.S. Postal Inspection Service, John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office, and J...

North Miami Woman Charged in Mortgage Fraud Scam

Posted on February 27, 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...

North Miami Woman Charged in Mortgage Fraud Scam

Posted on February 26, 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...

Tampa Man Indicted for Participating in Mortgage Fraud Scheme

Posted on February 26, 2011
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...

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