Most Recent Articles For: Estate

Written by Administrator on January 31st, 2012
Robinson Dinh Nguyen, 31, Fresno, California, was sentenced to 27 months in prison, to be followed by three years of supervised release, and ordered him to pay $ 433,000 in restitution for conspiring to commit mail, wire and bank fraud in connection with his employment as a real estate agent for ...
Written by Administrator on January 31st, 2012
Christopher Plummer, 50, Lyme, Connecticut, pleaded guilty before Senior U.S. District Judge Warren W. Eginton in Bridgeport, Connecticut, to one count of conspiracy to commit wire fraud stemming from a real estate investment fraud scheme that defrauded individuals out of approximately $ 1.9 million.  Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 31st, 2012
Steven Carver, Carver and Associates Real Estate, Minnetonka, Minnesota, orchestrated an elaborate mortgage kickback scheme that cost lenders $ 3.3 million and put more than 18 homes into foreclosure or short sale. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 30th, 2012
Kenneth A. Swanger, 41, Woodland, California, a real estate investor, pleaded guilty in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 29th, 2012
From SummitDaily.com:It happens innocently enough: A seller wants to sell real property and a buyer wants to buy it, only the buyer does not have the ability to obtain traditional financing. So, the parties make an arrangement.Perhaps the seller “leases” the property to the buyer for a period of time ...
Written by Administrator on January 29th, 2012
From the Office of the U.S. Attorney (Sacramento, California):[K]enneth A. Swanger, 41, of Woodland, pleaded guilty to conspiring with a group of real estate speculators who agreed not to bid against each other at certain public real estate foreclosure auctions in San Joaquin County.(1) The primary purpose of the conspiracy ...
Written by Administrator on January 27th, 2012
Rodney T. Riddle, 44, Cincinnati, Ohio, pleaded guilty in U.S. District Court to submitting fraudulent mortgage loan applications to secure $ 6,971,870 from lending institutions as part of a mortgage fraud scheme. Mortgage Fraud Blog - Perp Walk