Two indicted in alleged mortgage fraud scheme Broker, homebuilder face up to 40 years in prison
By Ralph Roberts
A mortgage originator and a homebuilding executive, plus the modular home company he owned, have been indicted by a federal grand jury in Baltimore in connection with an alleged mortgage fraud scheme.
John S. Morrison IV, 55, of Columbia was indicted on two counts of mail fraud and Clifford M. Seibert, 57, of Berlin and Seibert’s [...]
17 indicted in alleged mortgage-fraud scheme From Mark Morris: A Kansas City federal grand jury indicted 17 people today in an alleged $12.6 million mortgage fraud scheme centered on Lee?s Summit and Raymore. According to the indictment, the conspirators engineered the sale and purchase of new...
Unlicensed California Mortgage Scammer Sent to Prison for 6 Years Jared Tornow, a San Clemente, Calif. man who acted as a mortgage broker under several umbrellas, including the Orange-based Lucrativo Real Estate Solutions Inc., was sentenced to 70 months in federal prison for his conviction on tax evasion, mail fraud and credit card fraud charges related to a mortgage fraud scheme that caused at least [...