Loan Modification

Court Sentences Four Defendants Involved in Massive Mortgage Fraud Scheme

Posted on February 25, 2011
United States Attorney Laura E. Duffy announced today the sentencing of four defendants who were convicted in connection with a $55 million mortgage fraud scheme. The four defendants, Maria Echeverria, Ivan Gil, Laneka Chatton, and Jonathan J. Garcia, are among 19 defendants named in a 51-count indictment that alleges wire fraud, mail fraud, and criminal [...

Shelton Man Admits Role in Mortgage Fraud Scheme

Posted on February 25, 2011
Nora R. Dannehy, Acting United States Attorney for the District of Connecticut, announced that WILLIAM ATHAN, 63, of Shelton, Connecticut and Naples, Florida, waived his right to indictment and pleaded guilty today before United States District Judge Vanessa L...

Two Men Charged in Hartford-Area Mortgage Fraud Conspiracy

Posted on February 24, 2011
Nora R. Dannehy, Acting United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in Hartford has returned a nine-count Indictment charging GEORGE HAJATI, also known as Gjergji Hajati, 30, of Westerly Terrace, Rocky Hill, and JUSTIN WILLIAMS, 31, of Newington, with conspiracy and wire fraud offenses stemming from [...

Middletown Man Admits Role in Mortgage Fraud Scheme

Posted on February 24, 2011
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...

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Hamden Man Involved in Mortgage Fraud Scheme is Sentenced

Posted on February 23, 2011
David B. Fein, United States for the District of Connecticut, announced that JOHN JACKSON, 42, of Hamden, was sentenced today by United States District Judge Christopher F. Droney in Hartford to six months of home confinement and two years of probation for participating in a mortgage fraud scheme...

New London Man Charged with Operating Mortgage Fraud Scheme

Posted on February 23, 2011
David B. Fein, United States Attorney for the District of Connecticut, today announced that a federal grand jury sitting in New Haven has returned an indictment charging SYED A. BABAR, also known as ?Ali,? 28, of Ledyard Street, New London, with one count of conspiracy to commit wire fraud and two counts of wire fraud...

Dallas Man Indicted in $6 Million Commercial Real Estate Investment Scheme

Posted on February 22, 2011
PLANO, TX?A 68-year-old Dallas man has been indicted in a commercial real estate investment scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales today. Eric Brauss was named in a 10-count indictment for his role in defrauding investors in a commercial real estate investment scheme...

Three Conspirators Convicted in $78 Million ?Dream Home? Mortgage Fraud Scheme

Posted on February 22, 2011
Defendants Spent Millions of Dollars of Investor Funds to Employ Chauffeurs and Maintain a Fleet of Luxury Cars; Travel in Luxury to the Super Bowl and All-Star Game; Pay Off Prior Investors as Part of a Ponzi Scheme; and Fund a Failed Investment Venture and Undisclosed Third Party Businesses GREENBELT, MD?A federal jury convicted Michael [...

Owner of Brownstone Construction Sentenced to Prison for Mortgage Fraud

Posted on February 21, 2011
HOUSTON?Melvin Lendall Brown, a Houston area resident, has been sentenced to prison for wire fraud arising from a mortgage fraud scheme, United States Attorney José Angel Moreno announced today. This morning, United States District Judge David Hittner sentenced Brown, 48, to 57 months in prison for his wire fraud conviction arising from an elaborate mortgage [...

Attorney and Loan Officer Charged with Mortgage Fraud

Posted on February 21, 2011
LAS VEGAS?A local attorney and a mortgage loan officer have been charged with conspiracy to commit bank, mail and wire fraud for allegedly participating in a scheme to obtain mortgage loans from financial institutions using straw buyers and false loan applications, announced Daniel G...

Cottage Grove Man Pleads Guilty to Defrauding Investors in a House-Flipping Scheme

Posted on February 20, 2011
Earlier today in federal court in Minneapolis, a 46-year-old Cottage Grove man pleaded guilty to defrauding investors out of more than $5 million in a multi-state house-flipping scheme. Appearing before United States District Court Chief Judge Michael J...

Winthrop Man Charged with $4 Million Fraud Scheme Involving ?Life Settlements?

Posted on February 20, 2011
BOSTON?A Massachusetts man, also living in Florida, was charged today in federal court with mail and wire fraud in connection with a six-year scheme involving purported investments in ?life settlements,? in which it is alleged that he defrauded about 20 victims of approximately $4 million...

Accountant for Seafood Dealer Sentenced for Role in Concealing $7 Million Bank Fraud

Posted on February 19, 2011
BOSTON?The former accountant of North Attleboro-based Ocean Fresh Seafood, Inc., was sentenced yesterday in federal court today for his role in concealing a scheme to defraud Wells Fargo Business Credit, Inc., a division of Wells Fargo Bank NA, of at least $7 million...

Former Jersey City Police Officer Pleads Guilty to Making False Statements in a Mortgage Application

Posted on February 19, 2011
TRENTON, NJ?A former Jersey City, N.J., police officer admitted today to making false and fraudulent statements in an application to obtain a Federal Housing Administration-insured mortgage for the purchase of a Jersey City property, U.S. Attorney Paul J...

Delaware County Woman Pleads Guilty in Mortgage Fraud Scheme

Posted on February 18, 2011
Acting United States Attorney Robert S. Cessar announced today, April 6, 2010, that on April 1, 2010, Jeanette Gray, a resident of Yeadon, Pennsylvania, pleaded guilty in federal court to a charge of wire fraud conspiracy in connection with a mortgage fraud scheme...

Chicago Options Trader Allegedly Swindled More Than $600,000 in Investment Fraud Scheme

Posted on February 18, 2011
CHICAGO?A Chicago options trader was taken into federal custody today after he turned himself in for allegedly engaging in an investment fraud scheme in which he swindled more than $600,000 from approximately 10 victims who invested with him. The defendant, Kent R...

Mortgage Broker Pleads Guilty to Mortgage Fraud

Posted on February 17, 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 [...

Bank Fraud by President of Steve Hall Oil Company Results in 51 Months in Prison and $2.8 Million Restitution Order

Posted on February 17, 2011
OKLAHOMA CITY?Today, BURT L. HALL, 50, of Maysville, Oklahoma, was sentenced to serve 51 months in federal prison for defrauding banks through a check kiting scheme, announced Sanford C. Coats, United States Attorney for the Western District of Oklahoma...

Former Stockton Real Estate Investor Sentenced for Mortgage Fraud

Posted on February 16, 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 [...

Two More Plead Guilty in Ongoing Treasure Valley Mortgage Fraud Case

Posted on February 16, 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...

Federal Grand Jury Indicts Former Bank Officer

Posted on February 15, 2011
Defendant Allegedly Embezzled More Than $2.7 Million from Employer DALLAS?A federal grand jury in Dallas has returned an indictment against Ellis County resident Tracey Buckley, 44, charging her with one count of embezzlement of funds by a bank officer, announced U...

Mortgage Broker, Loan Processors, and Straw Buyer Sentenced in Multi-Million-Dollar Mortgage Fraud Scheme

Posted on February 15, 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; and J...

Suburban Man Allegedly Swindled $105 Million from Approximately 400 Victims in Investment Fraud Scheme

Posted on February 14, 2011
CHICAGO?A suburban Chicago man was charged with allegedly engaging in an investment fraud scheme, swindling more than $105 million from approximately 400 victims who invested in funds he purported to operate. Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois; Tom Brady, Inspector-in-Charge of the United States Postal Inspection Service, Chicago; and [...

Colleyville Businessman Who Owned Metro Buys Homes Pleads Guilty to Federal Mail Fraud Charge

Posted on February 14, 2011
Defendant Faces Up to 20 Years in Federal Prison DALLAS?David Boles, 52, of Colleyville, Texas, who owned Metro Buy Homes, LLC., pleaded guilty this afternoon before U.S. Magistrate Judge Irma C. Ramirez to one count of mail fraud, announced U.S. Attorney James T...

Nine Sentenced in Alaska?s Largest Mortgage Fraud Investigation

Posted on February 13, 2011
ANCHORAGE, AK?United States Attorney Karen L. Loeffler announced that on August 21, 2009, lead defendant Lance Lockard was sentenced to 70 months in prison for his leadership of a large-scale mortgage fraud scheme. Lockard was the ninth and last defendant to be sentenced for his role in the largest mortgage fraud investigation in Alaska?s history...

Loan Officer Sentenced to Prison for Role in Mortgage Fraud Scheme

Posted on February 13, 2011
PHOENIX?April J. Lucero, 46, of Phoenix, Ariz. was sentenced on May 10, 2010 to two years in prison for her conviction in August 2009 for her involvement in a mortgage fraud scheme in Phoenix, Ariz. Lucero pleaded guilty to one count of Conspiracy to Commit Mail, Wire and Bank Fraud, a felony, related to her [...

Four Defendants Sentenced in Multi-Million-Dollar Cash-Back Mortgage Fraud Scheme

Posted on February 12, 2011
PHOENIX?Four defendants?Jeffrey Todd Crandell, 32, of Gilbert, Ariz., Jake David Abegg Whitman, 33, of Gilbert, Ariz., Frederic Charles Crum, 37, of Gilbert, Ariz., and Tyson Kent Young, 30, of San Tan Valley, Ariz.?were sentenced on March 26, 2010, by U...

Tucson Loan Officer and a Real Estate Agent Both Indicted in a Mortgage Fraud Conspiracy

Posted on February 12, 2011
TUCSON?U.S. Attorney Dennis K. Burke announced a federal grand jury in Tucson returned a six-count indictment against Scott Tyson, age 43, and Susan Levy, age 69, of Tucson, Arizona. The indictment charges the defendants with wire fraud and conspiracy to commit wire fraud...

Fontana Woman Convicted in Mortgage Fraud Case Involving More Than $1 Million in Fraudulent Loans

Posted on February 11, 2011
The fourth defendant in a mortgage fraud scheme that fraudulently collected more than $1 million in loan proceeds was convicted today on federal charges for acting as a ?straw borrower? who posed as the purchaser of one of the properties. Lisa Lievanos, 45, was convicted of five felony counts ? conspiracy, two counts of wire [...

Indictment Unsealed in Redding Mortgage Fraud Investigation

Posted on February 11, 2011
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...

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