Real Estate Investor Sentenced in Mortgage Fraud Scheme
Memphis, TN – A Memphis real estate investor has been sentenced to 30 months in federal prison for his role in a scheme to fraudulently obtain mortgage loans. Lawrence J. Laurenzi, Acting U.S. Attorney, announced the sentence today.
An indictment returned last September by a federal grand jury alleged Thomas L. Boyd, 44, the owner of Wonderful Properties, LLC, made false statements and presented false documents to Regions Bank, First Tennesse...
Press release
Agosto 27, 2017
Ambler Man Charged With Defrauding FHA
Eugene Peter Kenworthy, Jr., age 50, of Ambler, PA, was charged today by Indictment with wire fraud, false statements for the purpose of influencing the Federal Housing Administration, aggravated identity theft, and failure to file a tax return, announced Acting United States Attorney Louis Lappen.
If convicted the defendant faces a maximum possible sentence is 166 years’ imprisonment, five years of supervised release, a $5,050,000 fine, and a...
Press release
Agosto 24, 2017
Cashmere, WA Woman, Owner Of Defunct Real Estate Escrow Firm Indicted For Bank Fraud Totaling $2 Million
(Source: skyvalleychronicle.com) (SEATTLE, WA.) -- The owner of a now defunct Tukwila, WA based real estate escrow firm was indicted last month by a federal grand jury on ten counts of bank fraud, and one count each of mail and wire fraud, announced U.S. Attorney Annette L. Hayes in Seattle Friday.
Lori Lynn Andrew, 48, now of Cashmere, Washington near Wenatchee, the owner of Hartman Escrow, Inc., was arrested and arraigned on the indictment...
Article
Agosto 06, 2017
Cityside Management Corporation Pays $4.3 Million to Resolve False Claims Act Allegations
CITYSIDE MANAGEMENT CORPORATION PAYS $4.3 MILLION TO RESOLVE FALSE CLAIMS ACT ALLEGATIONS
Office of the United States Attorney
Eastern District of California
U.S. Attorney Phillip A. Talbert
FOR IMMEDIATE RELEASE
Wednesday, July 26, 2017
www.justice.gov/edca
CONTACT: LAUREN HORWOOD
PHONE: 916-554-2706
[email protected]
CITYSIDE MANAGEMENT CORPORATION PAYS $4.3 MILLION TO RESOLVE FALSE CLAIMS ACT ALLEGATIONS
FRESNO, Calif. —...
Press release
Julio 26, 2017
Middle District Of Florida’s Civil Division Advances Reverse Mortgage Fraud Enforcement Initiative By Resolving Civil Fraud Claims Against Tarpon Springs Condominium Complex Owner
Tampa, FL – Acting United States Attorney W. Stephen Muldrow announces a civil settlement with Alexander Olympus Zarris that resolves alleged violations of the False Claims Act (“FCA”) and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (“FIRREA”) through reverse mortgage transactions engineered by Zarris at a Tarpon Springs condominium complex. Zarris will pay $475,000 to address the damage his conduct caused to a...
Press release
Julio 20, 2017
Fraudsters Sentenced for Operating Nationwide Home Mortgage Scam
ALEXANDRIA, Va. – Three California residents were sentenced today to a combined 39 years in prison for their roles in a nationwide, multi-year “home mortgage modification” fraud that scammed thousands of vulnerable victims out of at least $11 million.
Sammy Araya, 41, of Santa Ana, was sentenced to 20 years, Michael Henderson, 49, of Costa Mesa, was sentenced to 12 years, and Jen Seko, 36, of Anaheim, was sentenced to 7 years in prison,...
Press release
Julio 20, 2017
Vice President of Local Drywall Company Sentenced for Income Tax Fraud
COLUMBUS, Ohio – The Vice President of Porter Drywall and Black Star Drywall, Inc. was sentenced in U.S. District Court to five years of probation and ordered to pay more than $25,000 in restitution to the IRS for filing a false income tax return.
As a condition of his probation, Robert E. Porter, 53, of Westerville, Ohio, must ensure that Porter Drywall subscribes to proper governmental forms and otherwise complies with all tax, labor and...
Press release
Julio 19, 2017
Attorney Involved in Scheme that Targeted Distressed Homeowners Sentenced to 30 Months in Federal Prison
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that BRADFORD BARNEYS, 51, of Odenton, Maryland, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 30 months of imprisonment, followed by three years of supervise release, for conspiring with Timothy W. Burke in a long-running fraud scheme that targeted distressed homeowners throughout Connecticut. BARNEYS was an attorney licensed to...
Press release
Julio 16, 2017
Chicago Businessman Arraigned on Fraud Charges in Connection with $7million Reverse Mortgage Scheme that Targeted Elderly Homeowners
CHICAGO — A Chicago businessman has been arraigned on federal fraud charges for his alleged role in a scheme to bilk elderly homeowners out of millions of dollars.
MARK STEVEN DIAMOND, a mortgage loan originator with offices in Chicago and Calumet City, engaged in a home repair and loan fraud scheme that targeted elderly homeowners and lenders, according to the indictment. Diamond fraudulently caused lenders to make reverse-mortgage loans to...
Press release
Junio 21, 2017
Farr sentenced to 14 years for squatting crimes
(Source: beverlyreview.net) One of four men found guilty of illegally taking over several vacant homes in Beverly/Morgan Park two years ago, a practice commonly known as squatting, has been sentenced to 14 years in prison.
David Farr, also known as Fahim Ali, was admitted into the Northern Reception and Classification Center in Joliet on May 24, according to the Illinois Department of Corrections (IDOC).
His projected parole date and discharge...
Article
Mayo 29, 2017
Orange County Man Pleads Guilty to Taking $2.2 Million from Distressed Homeowners in Bogus Loan Modification Scheme
SANTA ANA, California – An Orange County man pleaded guilty this morning to federal charges relating to his operation of a fraud scheme that took $2.2 million from distressed homeowners through false promises that he could help them avoid foreclosure by obtaining modifications to their mortgages.
Kevin Frank Rasher, 45, who has been in custody since his arrest at his Coto de Caza residence one year ago, pleaded guilty to 12 counts of mail fraud...
Press release
Mayo 25, 2017
Man Sentenced to 14 years in Squatting Case
(Source: chicagotribune.com) A man previously described as the ring leader of a criminal enterprise that illegally took possession of several homes in the Chicago area has been sentenced to 14 years in prison, according to the Cook County state's attorney's office.
David Farr was sentenced Monday by Cook County Circuit Court Judge Alfredo Maldonado. He had been convicted last Sept. 30 of felonies, including theft of over $1 million and...
Article
Mayo 23, 2017
Mnuchin's OneWest subsidiary agrees to $89M settlement for reverse mortgage violations
Source: www.housingwire.com) During the confirmation process for Department of the Treasury Secretary Steven Mnuchin, Congressional Democrats attempted to use the mortgage practices that took place at OneWest Bank during Mnuchin’s time as chairman against him, claiming that Mnuchin oversaw a “foreclosure machine” during his time at OneWest.
One of the Democrats’ weapons of choice was the alleged practices of Financial Freedom, a...
Article
Mayo 16, 2017
Financial Freedom Settles Alleged Liability for Servicing of Federally Insured Reverse Mortgage Loans for $89 Million
Financial Freedom has agreed to a settlement with the United States of more than $89 million to resolve allegations that it violated the False Claims Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) in connection with its participation in a federally insured Home Equity Conversion Mortgages (HECM) or ‘reverse mortgage’ program, the Justice Department announced today. Financial Freedom is headquartered in...
Press release
Mayo 15, 2017
Local Real Estate Investor Pleads Guilty in Mortgage Fraud Scheme
(Source: fox13memphis.com) MEMPHIS, Tenn. - A local real estate investor has pled guilty to a charge of bank fraud, according to the Department of Justice.
In September of 2016, Thomas L. Boyd, 44, was indicted by a federal grand jury in connection with a scheme to fraudulently obtain mortgage loans.
The indictment alleged Boyd, the owner of Wonderful Properties, LLC gave false statements and documents to Regions Bank, First Tennessee Bank...
Article
Mayo 07, 2017
Real Estate Investor Pleads Guilty in Mortgage Fraud Scheme
Memphis, TN – A Memphis real estate investor has pled guilty to a charge of bank fraud. Lawrence J. Laurenzi, Acting U.S. Attorney, announced the guilty plea today.
In September 2016, Thomas L. Boyd, 44, was indicted by a federal grand jury in connection with a scheme to fraudulently obtain mortgage loans. The indictment alleged that Boyd, the owner of Wonderful Properties, LLC made false statements and presented false documents to Regions Bank...
Press release
Mayo 04, 2017
Hazleton Realtor Charged With Conspiracy
SCRANTON - The United States Attorney’s Office for the Middle District of Pennsylvania announced today that Ignacio Beato, age 46, of Hazleton, Pennsylvania, was charged in a one count criminal information on April 26, 2017, with conspiracy to engage in monetary transactions through a financial institution, with funds that were the proceeds of wire fraud.
According to United States Attorney Bruce D. Brandler, the information alleges that Beato...
Press release
Abril 30, 2017
Man Who Defrauded Dozens of Distressed Connecticut Homeowners Sentenced to 9 Years in Federal Prison
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that TIMOTHY W. BURKE, also known as “Bill Burke,” “William Burke,” “Kerry Saunders,” “Pat Riley,” “Jim Caldwell,” “Jim Saunders,” “Tom Morrisey,” “Jimmy,” “Phil Burke,” “Phil,” “Burt,” “James Burke,” and “M. Soler,” 65, formerly of Easton, was sentenced today by U.S. District Judge Michael P. Shea in Hartford to 108 months of imprisonment, followed by three...
Press release
Abril 27, 2017
Fraudsters Convicted of Operating Nationwide Home Mortgage Scam
ALEXANDRIA, Va. – Three co-conspirators who operated a nationwide, multi-year “home mortgage modification” fraud that scammed hundreds of victims out of at least $10 million were convicted today by a federal jury.
“These defendants scammed hundreds of individuals and families who were trying desperately to save their homes,” said Dana J. Boente, U.S. Attorney for the Eastern District of Virginia. “Their crimes were rooted in dishonesty and...
Press release
Abril 20, 2017
Perrysburg Man Sentenced to Prison
(Source: www.toledoblade.com) Calling their crimes “morally reprehensible,” a federal judge on Monday sent four people involved in a phony home-loan modification scheme to prison.
U.S. District Court Judge James Carr ordered Christopher J. Howder, 40, of Perrysburg to spend seven years in prison and pay $561,799 in restitution. Howder pleaded guilty last year to conspiracy to commit mail and wire fraud, six counts of mail fraud, and seven...
Article
Abril 04, 2017