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St Louis man pleads guilty in mortgage fraud case.
2007-09-13 23:26:00
In the following press release from St. Louis , Missouri , United States Attorney Catherine L. Hanaway announced on September 4, 2007 that Dack Daugherty pled guilty to conspiracy and money laundering today in connection with a mortgage fraud ring that operated primarily in South St. Louis, United States Attorney Catherine L. Hanaway announced today. “To understand the harm mortgage fraud visits on our communities and financial markets, all anyone has to do is pick up the newspaper,” said Hanaway. “Our office is committed to continuing the investigation and prosecution of mortgage fraud.” According to the plea agreement presented to U.S. District Judge E. Richard Webber, Daugherty and a number of others, including real estate appraisers and loan officers, arranged for the fraudulent purchase of 52 properties.  It was part of the scheme that Daugherty would convince a corrupt appraiser to inflate the values of properties he would arrange to buy.  ...
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CA Dept of Real Estate accuses former high profile realtors of fraud
2007-09-11 17:22:00
KGET TV News reports that on September 10, 2007 the California Department of Real Estate filed a 24 page accusation in a Sacramento Court accusing the following people of participating in real estate fraud which defrauded lenders of millions of dollars. The accusation is not a criminal charge and is part of a case that has been investigated for several months David Crisp,Carl Cole,Crisp & Cole a now defunct real estate companyTower Lending a defunct mortgage companySneha Mohammadi a real estate brokerJill Louise Penheiro a real estate agentRobinson Dinh Nguyen a real estate agent It is alleged that Crisp and Cole used employees and relatives as ”straw buyers” who took out huge loans to buy property for Crisp and Cole, the accusation says. Many of the people who took out the loans have defaulted, resulting in profits for Crisp and Cole and losses for mortgage companies. The accusation says Cole and Crisp repeatedly borrowed huge sums of money or helped others get huge...
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Former Housing Director and one other charged in mortgage fraud allegations
2007-09-11 17:00:00
In the following press release R. Alexander Acosta, United States Attorney for the Southern District of Florida, and Robert Parker, Director , Miami-Dade Police Department, and Michael Powell, Special Agent in Charge, Department of Housing and Urban Development - Office of Inspector General, announced today that defendants Matthew Price II, and Jennifer Stimpson, were charged with violations resulting from a long-term scheme to commit mail and wire fraud and depriving the citizens of Florida City, Florida of Price’s honest services. Price was the former Director of Housing and Economic Development for Florida City. A federal grand jury has indicted Price and Stimpson for conspiracy to commit mail and wire fraud, in violation of Title 18, U.S.C. Section 1349, as well as substantive mail and wire fraud violations, in violation of Title 18, U.S.C. Sections 1341, 1343, and 1346. Each defendant faces a statutory maximum of 20 years’ imprisonment for the conspiracy and eac...
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Recent case updates
2007-09-11 16:43:00
The following entries have been updated today:ID thieves who used information stolen from mortgage company plead guilty.
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Woman arrested, accused of charging fee's for home loans that did not exist
2007-09-11 16:36:00
In the following press release Indiana State Police Detective Mitch Blocher, Pendleton State Police Post, announced the arrest Sheila Victoria Goodner, 37, at 7:30 p.m. on today’s date at her residence. Goodner was located hiding in her bathroom at her residence at 9364 North Bayland Drive , McCordsville. Detective Mitch Blocher and Hancock County Sheriff’s Deputy Dan Devoy arrested Goodner without further incident when she was advised there was an arrest warrant for her. An investigation that was originated by the Indiana Secretary of State into allegations that Goodner was offering or selling unregistered securities led to a warrant being issued out of Hancock County Circuit Court on August 31st for Goodner’s arrest. The title of her business was Good Cents Financial Solutions. Loan seekers in Indiana and Illinois allegedly would pay Goodner a commission to secure a loan and move into a new home. When the first payment was due home buyers would find out they inde...
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Recent Case Updates
2007-09-07 23:40:00
The following entries have been updated:Man sentenced in Allenstown mortgage fraud case 
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Ohio AG indicts man accused of defrauding elderly victim in real estate fra
2007-09-07 23:04:00
In the following press release Ohio Attorney General Marc Dann and the Franklin County Prosecutor’s office have secured the indictment of Christian Lambright for defrauding an 81 year old Columbus resident. Lambright’s indictment by the Franklin County Grand Jury on felony counts of Theft, Securing Writings by Deception, and Money Laundering follows a three week investigation by the Ohio Organized Crime Investigations Commission mortgage fraud task force. Attorney General Dann, who heads the Commission, said Lambright faces enhanced penalties on the felony charges because the victim of the alleged crimes is a senior citizen. The Franklin County Prosecutor’s Office will prosecute the case. According to Mr. Dann, Lambright was associated with two mortgage broker agencies: Randall Mortgage at 555 Metro Place in Dublin and Hartford Financial at 645 Metro Place South, Suite 100, Dublin, Ohio 43017. Randall Mortgage went out of business in May 2007. Hartford Financ...
More About: Estate , Real Estate , Indictments , Real

Man charged in Fontana (CA) fraud allegations
2007-09-07 22:02:00
In the following press release the San Bernadino District Attorney Michael A. Ramos announced that on Wednesday, September 5, 2007, felony charges of forgery and financial elder abuse were filed on Silvestre Cortez, 44, of Fontana, after an investigation by the District Attorney’s Real Estate Fraud Unit. In 1997, Cortez borrowed $115,000 from the victim for the purchase of her Rialto property. In 2000, Cortez allegedly forged the victim’s signature on a Subordination Agreement document that placed the loan in a secondary position. Cortez had taken an additional $110,000 loan on the Rialto property. In late 2006, the elderly victim discovered the forgery when she was informed that her former property was in foreclosure. Cortez was incarcerated at the San Bernardino County Sheriff’s Adelanto Detention Center for unrelated fraud charges when the new charges were filed. He was booked on the new charges and bail was set at $150,000.
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Cleveland Attorney indicted for Real Estate thefts
2007-09-07 21:55:00
In the following press release Cuyahoga County Prosecutor Bill Mason announced that Attorney Cynthia D. Smith was indicted for stealing $100,000 from the Eternal Security Baptist Church and for stealing $78,000 from a probate estate.Smith, 53, whose business address is 11811 Shaker Blvd., was hired by the congregation of Eternal Security Baptist Church in the fall of 2005 to represent the church in selling its property for $135,000 to Cleveland Municipal School District.   The congregation intended to use the proceeds to construct a smaller church.  The sale was closed on February 10, 2006.  After expenses, the balance from the sale was $132, 303, which was transferred by the escrow account agent to Smith’s client trust fund.  Smith returned $32,303 to the church, as agreed, and the church requested that she keep the remaining $100,000 in her trust fund to be used to pay for the new construction costs.  The congregation requested confirm...
More About: Estate , Real Estate , Ohio , Indictments

Fomer attorney saentenced to prison in mortgage fraud case
2007-09-07 03:19:00
In a press release Chuck Rosenberg, United States Attorney for the Eastern District of Virginia announced that Leslie W. Lickstein, age 54, of Fairfax, Virginia, was sentenced today to 12 months and one day in prison following his conviction in May 2007 of conspiracy to commit bank fraud. Lickstein was also ordered to pay $1.1 million in restitution. Chuck Rosenberg, United States Attorney for the Eastern District of Virginia, and Joseph Persichini, Jr., Assistant Director in Charge, Federal Bureau of Investigation, Washington Field Office, made the announcement after the sentencing today by United States District Judge Gerald Bruce Lee. The charge against Lickstein, a former bankruptcy attorney, and the first President of the Northern Virginia Bankruptcy Bar Association, arose from his conduct in July 2002 as a settlement attorney in the sale of a property located in Great Falls, Virginia. According to court documents, Lickstein acknowledged that he prepared and filed a false [HUD-...
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Three sentenced in Georgia mortgage fraud case
2007-09-06 20:30:00
In press release United States Attorney David E. Nahmias (Northern District of Georgia ) announced that DONNA RENAE WOODS LAWRENCE, 43, of Decatur, Georgia, was sentenced today by United States District Judge Beverly B. Martin on charges of conspiracy to commit mortgage fraud and bankruptcy fraud. United States Attorney David E. Nahmias said, “This defendant was trusted as a ‘gatekeeper’ for HUD’s guaranteed mortgage loan program. Betraying that trust, she was responsible for hundreds of fraudulent mortgage loans, including some obtained using stolen identities, the erasing of prior security interests, and seven fraudulent bankruptcy filings to stay foreclosures on fraudulently acquired properties. Her misuse of the United States Bankruptcy Court system is of grave concern, especially now while so many lenders need access to their security and legitimate distressed homeowners are seeking second chances through bankruptcy protection.”LAWRENCE was sentence...
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Connecticut AG announced law suit filed in predatory lending scheme
2007-09-05 20:13:00
In a press release Connecticut Attorney General Richard Blumenthal announced a lawsuit against several defendants alleging an extensive statewide predatory lending scheme that devastated dozens of consumers. The defendants are Royal Financial Services, LLC, of Trumbull; First Source Mortgage Solutions, Inc. of Branford; Elizabeth Athan Real Estate, LLC, of Shelton; J.G. Property Management & Investment, LLC, of New London; Brian Guimond, d/b/a Cutting Edge Contracting of Norwich; and Jose Guzman and Mauricio Lancia for allegedly managing the schemes on behalf of the defendant companies. Blumenthal sued on behalf of Department of Banking Commissioner Howard F. Pitkin and the state in coordination with Department of Consumer Protection Commissioner Jerry Farrell, Jr. Blumenthal alleges that through a multi-layered scheme, the defendants mislead consumers and mortgage lenders into property purchases that financially destroyed dozens of homebuyers, while benefiting only the defendan...
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Mortgage fraud task force convened in Texas
2007-09-05 19:20:00
In the following press release Texas Attorney General Greg Abbott and key officials from state regulatory agencies today (9/5/2007) convened the Texas Residential Mortgage Fraud Task Force , a strategic partnership intended to improve collaboration among residential mortgage regulators and law enforcement officials. Task force members, including the attorney general and top real estate, banking and consumer credit regulators, will examine how to track and reduce mortgage fraud in Texas. “Home ownership lies at the heart of the American dream,” Attorney General Abbott said. “To better track and prosecute mortgage fraud, the Texas Residential Mortgage Fraud Task Force will form a strategic alliance between law enforcement and regulatory agencies. We are committed to protecting Texas homeowners and cracking down on mortgage fraud.” The Texas Residential Mortgage Fraud Task Force was created under House Bill 716, which was authored by Rep. Burt Solomons (R-Carroll...

Former New Century loan officer indicted in kick-back allegations
2007-09-01 01:03:00
In a press release United States Attorney Scott N. Schools announced that Renato Gonzales Quiazon, of Hayward was arrested on felony fraud charges arising from a loan kickback scheme. Yesterday, a federal grand jury indicted Renato Gonzales Quiazon, of Hayward, CA, with 11 counts of wire fraud, 12 counts of money laundering and four counts of filing false tax returns. These charges are the result of an investigation by the Internal Revenue Service - Criminal Investigation. According to the indictment, Mr. Quiazon is alleged to have devised a scheme to fraudulently obtain payments of loan kickbacks, commissions and cash outs/extraneous line items from borrowers’ escrow accounts. Beginning about January 2000 through October 2004, the defendant was employed as a loan officer with New Century Mortgage, located in Emeryville, CA. During this time, Mr. Quiazon entered into an agreement with an independent mortgage broker to use his name and broker’s license on loans that the...
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Former loan officer pleads guilty in refinance scam
2007-09-01 00:39:00
The Columbus Dispatch, (OH) reports that Jason McCord, a former Lewis Center mortgage broker, pleaded guilty in Federal Court to processed refinance applications for his company, JR Lending, and for Q3 Mortgage, where he worked as a consultant. The loans were processed online. Without the applicant’s knowledge, McCord inflated an applicant’s earnings and the amount of the loan, then pocketed the difference, said Internal Revenue Service spokesman Craig Casserly. IRS special agent Lisa DiSalvo testified that McCord used the false information to earn commissions totaling $658,343. Some of the victims didn’t know they had been defrauded until IRS agents contacted them during the investigation, Casserly said. Assistant U.S. Attorney Dan Brown and McCord’s attorney, Alan Pfeuffer, disagreed on how much restitution is owed to victims. Federal Judge Gregory Frost said he will hold a hearing before determining how much should be repaid. The judge allowed McCo...
More About: Loan , Refinance , Scam , Officer , Guilty

Recent Case Updates
2007-09-01 00:14:00
The following entries were updated today.Alaska loan officer sentenced to prison term Osecola (FL) man pleads guilty in mortgage fraud scheme 
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Two Stockton (CA) men indicted in mortgage fraud allegations
2007-09-01 00:02:00
In a press release from Sacramento CA, United States Attorney McGregor W. Scott announced today that a federal grand jury returned an indictment charging IFTIKHAR AHMAD, age 36, of Stockton, and MANPREET SINGH, age 24, formerly of Stockton, California now residing in Sacramento, with multiple counts of mail fraud in connection with a mortgage fraud scheme involving the “flipping” of multiple properties in the Stockton area. AHMAD was also charged with multiple counts of money laundering. Both defendants were previously arrested on a criminal complaint filed in connection with this investigation on August 16, 2007, and were released on bond. The case is the product of an extensive investigation conducted by the Federal Bureau of Investigation, the Internal Revenue Service-Criminal Investigation Division, and the California Franchise Tax Board. According to Assistant United States Attorneys Benjamin B. Wagner and Courtney J. Linn, who are prosecuting the case, the indi...
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Former Title company owner indicted in yet another Ohio prosecution.
2007-08-25 01:51:00
In a press release from Columbus, OH, Attorney General Marc Dann and Licking County Prosecutor Robert Becker today announced the indictment of Donna Lemmon Perkins for mortgage related crimes. The Licking County Grand Jury indicted Lemmon Perkins on multiple counts of theft, money laundering, and engaging in a pattern of corrupt activity. This indictment is part of a continuing crackdown on mortgage fraud by General Dann’s Ohio Organized Crime Investigations Commission in cooperation with county prosecutors’ offices and local, state, and federal law enforcement authorities. This case was investigated by the Central Ohio Mortgage Fraud Task Force, which is led by the Columbus Division of Police; Economic Crime Unit. The task force worked with the Heath Police Department, Granville Police Department, and Licking County Prosecutor’s Office on this case. Other task force members include detectives from the Upper Arlington Police Department, investigators from the Oh...
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Two plead guilty in Maryland mortgage fraud scheme
2007-08-25 00:50:00
In a press release it was announced by the United States Attorney for the District of Maryland , Rod J. Rosenstein that attorney Rachel Donegan and David Lincoln, both age 37, of Baltimore, have pleaded guilty to wire fraud arising from a mortgage fraud scheme. Donegan pleaded guilty today and Lincoln on August 10, 2007. Donegan and Lincoln worked at 1st Metropolitan Mortgage and Guilford Title and Escrow, located in Baltimore, preparing mortgage applications and assisting in mortgage closings. According to their plea agreements, from January 2005 to December 2006, Donegan and Lincoln participated with Yolanda Crawley and Shawn Michael Green in a scheme to wire mortgage applications to mortgage companies which contained false representations about Crawley and Green’s income and employment. The fraud scheme allowed Crawley to secure loans for properties in: Wellington, Florida valued at over $1 million; West Palm Beach, Florida valued at $500,000; and Columbia, Maryland valued...
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Former Salvation Army employee sentenced in fraud cases
2007-08-24 23:42:00
In a press release from Anchorage, Alaska United States Attorney Nelson P. Cohen announced on August 23, 2007, that Tequisha M. Johnson, a resident of Anchorage, Alaska, was sentenced in federal court in Anchorage to 37 months in prison for her conviction on one count of forgery, one count of computer fraud and one count of bank fraud. Additionally, Johnson is ordered to pay $160,846.68 in restitution and serve five years of supervised release upon her release from prison. United States District Court Judge Ralph R. Beistline imposed the sentence on Johnson, age 31. According to information presented to the court by Assistant United States Attorney Tom Bradley, Johnson admitted committing forgery to steal from the Salvation Army ; using computer fraud to steal from Easter Seals; and committing bank fraud by lying to Wells Fargo Bank in an attempt to obtain a home mortgage. She was an employee of the Salvation Army and Easter Seals when she stole from them. In imposing sentence,...
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Recent case updates
2007-08-24 22:50:00
The following cases were updated today, click the headlne for the full entry.Ringleader in Georgia mortgage fraud sentenced to 9 years & 7 months imprisonment
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Two indicted in another Ohio mortgage fraud case
2007-08-24 20:53:00
In the following press release Ohio Attorney General Marc Dann and Franklin County Prosecutor Ron O’Brien today announced the indictment of LARRY CORNA and ALAN CSIPKE by the Franklin County Grand Jury. Both were indicted for their roles in falsifying loan documents associated with the sale and mortgages of three Franklin county properties and one Ottawa county property.These indictments are part of a continuing crackdown on mortgage fraud by Attorney General Marc Dann’s Ohio Organized Crime Investigations Commission in cooperation with county prosecutor’s offices and local, state, and federal law enforcement authorities. “These cooperative efforts by law enforcement agencies are imperative to our fight against mortgage fraud,” said General Dann. “I’m proud of their efforts and encourage other law enforcement agencies to join forces to combat these crimes and help rid Ohio of mortgage fraud.” Larry Corna, (pictured below left) a...
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Ohio Mortgage Fraud Task Force brings charges against 2 people
2007-08-24 18:45:00
In a press release Ohio Attorney General Marc Dann announced a nine count indictment of two individuals from Illinois charged with defrauding local financial institutions. Albert Pliner, 35, and Janna Pliner, 45, of Cook County, Illinois are charged with Securing Writings by Deception, Money Laundering, and Theft for their role in a mortgage fraud scheme. Arrest warrants were issued in connection with this indictment for both defendants. The Pliners purchased a Canal Winchester home in February 2005 and executed the scheme in May of 2005. The Pliners used the equity in their $290,000.00 residence to secure mortgages and home equity loans from 5 separate financial institutions on the same day. At the closing on each loan, the Pliners certified on four of the loans that there were no other liens or encumbrances on the property. As the result of this scheme, the Pliners obtained loans and equity credit line advances from the financial institutions in amounts ranging from $100,00...
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Crown Heights man gets 3 to 9 years in prison in mortgage fraud scheme
2007-08-24 00:15:00
In the following press release from Brooklyn, NY the Kings County District Attorney Charles J. Hynes today announced the sentencing of Delbert Baptiste, 45, to three to nine years in prison for a mortgage fraud scheme totaling more than two million dollars. Baptiste had previously pleaded guilty to Grand Larceny in the Second Degree. Baptiste used the property at 600 St. Marks Place in Crown Heights to defraud several mortgage companies. He repeatedly recruited acquaintances to pose as purchasers and allow their credit to be used in order to obtain mortgages in their names. These individuals were merely straw buyers and Baptiste, in fact, retained control of the property and resold it several times at inflated values, thus realizing a profit. For their participation in the scheme, straw buyers received a payment from Baptiste. Between June 1 and October 29, 2003, Baptiste arranged to obtain a $512,000 loan from US Mortgage property and purchase the property. The straw buyer earne...
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Two indicted, accused of defrauding Cendant Mortgage
2007-08-23 23:42:00
In the following press release U.S. Attorney for the District of New Jersey , Christopher J. Christie announced that federal prisoner originally from Philadelphia and another man were indicted today for allegedly running a wire fraud and money laundering scheme that involved misdirecting approximately $2 million in wire transfers from Cendant Mort gage Corporation to a Florida title agency. The nine-count Indictment describes a scheme in which Reginald Greene, 47, a.k.a. “Amin,” a federal prisoner at the time of the crime, and an unidentified Cendant Mortgage Corporation insider(s), attempted to cause 15 wire transfers that Cendant directed to Sunbelt Title Agency to be misdirected to banks accounts controlled by their co-conspirators, including Greene’s co-defendant Michael Umali, 38, a.k.a.“Khadafi,” of Oxon Hill, Md. Seven of the 15 wire transfers, totaling approximately $845,000, were successfully misdirected. Greene, Umali and other unindicted co...
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Recent case Updates
2007-08-23 23:26:00
The following older entries were updated today:Two more plead guilty in NJ Affordable Homes case. 
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9 indicted in Ohio flipping scheme allegations
2007-08-23 20:45:00
In the following press release from Columbus, OH it was announced that a federal grand jury here has returned a 68-count indictment charging nine people with conspiracy, tax evasion, wire fraud, bank fraud and money laundering for their roles in a mortgage fraud scheme that involved more than 500 pieces of property and more than $25 million in mortgage loans in the central Ohio area between 2003 and 2006. Gregory G. Lockhart, United States Attorney for the Southern District of Ohio, Jose A. Gonzalez, Special Agent in Charge, Internal Revenue Service Criminal Investigation, and J. Mark Batts, Acting Special Agent in Charge, Federal Bureau of Investigation, announced the indictment returned late yesterday. The indictment alleges that the defendants conspired to exaggerate the value of real estate properties in and around Columbus, Ohio, both to lending institutions and to prospective purchasers. The prospective buyers had been recruited largely because of their relative ignorance ...
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New Jersey AG files complaint in foreclosure proceeds fraud allegations
2007-08-23 18:23:00
In the following press release the New Jersey State Attorney General’s Office and the Division of Consumer Affairs have filed suit against a Gloucester County businessman who allegedly collected tens of thousands of dollars in surplus funds that homeowners otherwise would have received for a small fee after their homes were sold in foreclosure. The state’s two-count complaint against Samuel E. Goodwin, III is the first action filed under the state’s Consumer Fraud Act to address deceptive practices in the area of surplus funds recovery. Goodwin allegedly charged homeowners 15% to 65% of the total surplus funds to which they were legally entitled by misleading the homeowners into believing that the process to recover the funds was complicated and could not be filed by the homeowners on their own. Surplus funds are the monies remaining after the foreclosure sale takes place and mortgage, tax and other legal obligations have been paid. Homeowners in foreclosure ca...
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7 indicted in Ohio mortgage fraud allegations
2007-08-23 00:50:00
In a press release Gregory A. White, United States Attorney for the Northern District of Ohio , announced that a grand jury sitting in Cleveland, Ohio, returned an eleven-count superseding indictment against Darryl G. Moore, Leon S. Heard and Steven I. Helfgott, charging them with one count of conspiracy to commit mail fraud, wire fraud, and securities fraud; one count of securities fraud; one count of wire fraud; one count of money laundering; and one count of conspiracy to commit money laundering resulting from defrauding investors in an extensive “Ponzi” scheme. Moore and Heard, along with Mark C. Olds, Robert E. McNair, Avis D. Scott, Lee A. Granger, and Craig M. Duncan were also charged with a conspiracy to commit mortgage fraud, wire fraud, and interstate transportation of stolen property (ITSP) in connection with a scheme to defraud mortgage companies. Heard is also charged with bank fraud in connection with his false application and statements in obtaining his res...
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Four more indicted in Los Angeles mortgage fraud case
2007-08-02 23:44:00
In the following press release George S. Cardona, United States Attorney for the Central District of California announced that two real estate agents, as well as two state-licensed real estate appraisers, were indicted this morning by a federal grand jury for allegedly participating in a massive mortgage fraud scam that caused more than $40 million in losses to federally insured banks. An 85-page indictment returned this morning by a federal grand jury in Los Angeles charges Joseph Babajian, 54, of West Los Angeles; Kyle Grasso, 36, of Santa Monica; Lila Rizk, 40, of Trabuco Canyon; and Scott Robinson, 44, of Dana Point. During the alleged scheme, Babajian and Grasso worked at, and were part owners of, Prudential California Realty. Rizk and Robinson were appraisers licensed by the State of California. All four defendants were charged with conspiracy, bank fraud, and loan fraud. Additionally, Babajian and Grasso were charged with money laundering. According to the 35-count indictment...
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