Most Recent Articles For: scheme

Written by Administrator on January 31st, 2012
Marlon Baugh, 32, Pembroke Pines, Florida, was sentenced on Friday, January 27, 2012, by U.S. District Judge James Cohn to one year and one day in prison for mail fraud in connection with his participation in a mortgage fraud scheme. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 30th, 2012
In Minneapolis, Minnesota, the Star Tribune reports:Two Bloomington residents were arraigned Thursday in Minneapolis on charges that they ran an $ 8 million equity-stripping scheme under the guise of a nonprofit that claimed to help troubled homeowners avoid foreclosure.Richard Scott Spady, 38, and Michele Denise Sengstock, 48, were each ...
Written by Administrator on January 23rd, 2012
Norton Helton, 50, a former Illinois lawyer, was sentenced to 15 years in federal prison for engaging in mortgage and bankruptcy fraud schemes involving a so-called "mortgage bailout" program that purported to "rescue" financially-distressed homeowners but instead tricked victims into relinquishing title to their homes and declaring bankruptcy.  Mortgage Fraud Blog - Perp ...
Written by Administrator on January 20th, 2012
Daniel Douglas Boler, 42, Maple Grove, Minnesota, and Susanne Eileen Mathis, 42, Minnetonka, Minnesota, the owner of a mortgage brokerage and the owner of a title closing company, admitted in federal court their roles in a mortgage fraud scheme involving undisclosed kickbacks to buyers. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 19th, 2012
Curtis Antonio Sherfield, 39, Edmond, Oklahoma, has ben indicted and charged with four counts of wire fraud in connection with a real estate flipping scheme. Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 19th, 2012
Anthony F. Cutaia, 65, Boynton Beach, Florida, was sentenced yesterday in federal court.  U.S. District Court Judge Daniel T.K. Hurley sentenced Cutaia to 51 months in prison, to be followed by 3 years of supervised release for his role in a real estate ponzi scheme.   Mortgage Fraud Blog - Perp Walk
Written by Administrator on January 13th, 2012
Keith Davis, 39, Jacksonville, Florida, was sentenced by Chief U.S. District Judge Anne C. Conway to 2 years in federal prison for conspiracy to commit wire fraud for his role in fraudulently obtaining loans and receiving kickbacks after closing. Mortgage Fraud Blog - Perp Walk