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Scioto county woman charged with drug possession

WOWK: The Scioto County Sheriff's Office have charged a woman with drug possession. Sheriff Marti Donini says narcotics detectives along with Portsmouth Police and the FBI arrested Dodie Conley, 46, of Wheelersburg with possessing over 30 oxycodone pills.
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Two Houston lawyers charged with fraud

Two Houston lawyers, one who also is a Houston firefighter captain, are facing felony charges connected to an alleged mortgage fraud. Firefighter and attorney Brian Storts, 47, faces a maximum of life in prison after being indicted on the first-degree felony of giving false statements to obtain credit, prosecutors said Tuesday. Storts is accused of using fraudulent financial documents to buy a ...

Bank of America's mortgage-fraud deal yields quick impact; message may not be

Reuters Blogs (blog): NEW YORK, Aug. 26, 2014 (Thomson Reuters Accelus) - It took just one day for U.S. Attorney General Eric Holder's announcement Thursday that Bank of America would pay $16.65 billion over charges of fraudulent mortgage origination, securitization and ...

Detectives hunt gang in 'sophisticated' Prestwich mortgage fraud

POLICE have released an image of a man they wish to speak to in relation to a £90,000 mortgage fraud.

Phoney Liverpool mortgage broker faces jail for £22, 500 fraud

Edward Madden, 54, told victim he could pick up a cheap flat for her in Essex

Freddie Mac faulted by IG in $2 billion mortgage fraud loss

Washington Times: The federal government's giant housing agencies could have saved taxpayers billions of dollars from mortgage fraud in a celebrated case involving Colonial Bank and Taylor, Bean and Whitaker, if they had shared more information with each other and ...

Levine on Wall Street: The Mystery of Mortgage Fraud

Bloomberg View: One thing that looks like it might be mortgage fraud is: X borrows $100 to buy a $100 house, misrepresenting his income and intent to live in that house. X then sells the house to Y at an inflated price, say $150, and Y borrows $150 to pay the purchase ...

Sotolongo: Waverly investigation 'politically motivated'

Waverly Media investor Jimmy Sotolongo, inset, before his interview with The News-Journal on Thursday. Above, he waits outside Orlando's Federal District Court in February before his mortgage fraud case plea deal was rejected.

Man sentenced to 10 years in scheme to launder mortgage fraud money

DALLAS — Hong Jae Kim, aka “Randy Kim,” 45, was sentenced today by U.S. District Judge Jane J. Boyle to 10 years in federal prison and ordered to pay $1,795,125 in restitution for his nearly two-year role in a scheme to launder mortgage fraud proceeds ...

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SENTENCED IN MORTGAGE FRAUD SCHEME..

Defendants sentenced in mortgage fraud scheme involving family members and

inForney.com: DALLAS, Texas (U.S. Attorney's Office, Northern District of Texas) — Four Dallas-area individuals, along with a defendant from Georgia, who were convicted for their roles in a mortgage fraud scheme that caused more than $3 million in losses to lenders ...

North Texas man sentenced in mortgage-fraud scheme

Chron.com: Authorities who prosecuted the mortgage-fraud case say Williams worked with three others to submit loan applications that included false statements. In one instance, a loan that was approved allowed Williams to collect $800,000, which he split with the ...

North Texas man sentenced in mortgage-fraud scheme

KLTV: DALLAS (AP) - The last of four people has been sentenced to prison for a North Texas mortgage-fraud scheme that led to more than $3 million in losses to lenders. Federal prosecutors said Monday that 35-year-old Jarrod Williams of McKinney was sentenced ...

North Texas man sentenced in mortgage-fraud scheme

MyFox Austin: DALLAS (AP) - The last of four people has been sentenced to prison for a North Texas mortgage-fraud scheme that led to more than $3 million in losses to lenders. Federal prosecutors said Monday that 35-year-old Jarrod Williams of McKinney was sentenced ...

FBI — Defendants Sentenced in Mortgage Fraud Scheme

DALLAS—Four Dallas-area individuals, along with a defendant from Georgia, who were convicted for their roles in a mortgage fraud scheme that caused more than $3 million in losses to lenders, have been sentenced, ...

BANK OF AMERICA TO PAY..

Bank of America to Pay $16.65 Billion to Settle Mortgage Fraud Charges

CorpWatch.org: The settlement agreement was hammered out by the U.S. Department of Justice, the Securities and Exchange Commission and the attorney generals of six states - California, Kentucky, New Jersey, New York, North Carolina and Maryland. Similar large multi ...

Bank of America to pay $16 billion fine for mortgage fraud - homeowners to get

ConsumerAffairs: Bank of America Mortgages Aug. 21, 2014, 2:20 p.m. Consumers rate Bank of America Mortgages Bank of America will provide $7 billion relief to aid hundreds of thousands of consumers harmed by the financial crisis precipitated by the unlawful conduct of ...

Bank of America to pay $16.65 billion in mortgage fraud case

NEW YORK (CNNMoney) — Bank of America has agreed to pay $16.65 billion in what would be the biggest mortgage securities fraud settlement. The agreement announced Thursday settles a probe by the Justice Department and six states related to banking practices dating to the financial crisis. The government accused the bank of misleading the buyers […]

YEARS IN FEDERAL PRISON..

Los Angeles Women Sentenced to Prison in $2 Million Mortgage Fraud Scheme

Imperial Valley News: Los Angeles, California - A Los Angeles woman was sentenced today to three years in federal prison for orchestrating a scheme that led to the fraudulent purchase of four properties worth more than $2 million. Soo Kyung Hong, who also used the name ...

L.A. woman sentenced to 3 years in federal prison for mortgage fraud

The Korea Times US: As part of the scheme, Hong engaged a co-conspirator to falsely list the co-conspirator's company as a place of employment on the fraudulent mortgage applications, which were filed under the name of a person who did not know their name was being used, ...

Man Jailed for Using Fake Documents to Defraud Fannie

Manjur Alam, 47, Wichita, Kansas, was sentenced to six years in federal prison for a mortgage fraud scheme wherein he submitted false verification of rent and submitted a false letters of credit to lenders for nominal buyers.

SCHEME THAT LED..

Another Texas Resident to Be Sentenced in Multi-Million Dollar Mortgage Fraud

LoanSafe: The FBI announced that the fifth individual of a mortgage fraud scheme that led to the loss of over $3 million to lenders was sentenced last week in Northern Texas by U.S. District Judge Barbara M. G. Lynn. According the FBI press release, four of the ...

MORTGAGE FRAUD CASE..

Sacramento federal court jury acquits 4 in local mortgage fraud case

Sacramento Bee: In an unprecedented trial, four people charged with mortgage fraud were acquitted Friday by a jury in Sacramento federal court after defense attorneys argued the real culprits are the so-called “victim lenders.” According to experts, it is the first ...

Bank of America settles mortgage fraud case for $16.65 billion

News & Observer: FILE - This July 16, 2013, file photo shows a Bank of America branch on Peachtree Street, in Atlanta. How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not $17 billion.

Bank of America settles mortgage fraud case for $16.65 billion

The Justice Department on Thursday announced a $16.65 billion settlement with Bank of America, a record-setting deal that helps homeowners and ends myriad state and federal investigations triggered by the… Click to Continue »

FINANCIAL CRISIS..

Will Bank Of America Really Pay $17 Billion For Mortgage Fraud That Led To 08

Firedoglake: Throughout the media the figure of $17 billion has been paraded out as the penalty Bank of America will pay for its crimes in the mortgage security market that led to the 2008 financial crisis and resulting Great Recession. But will BofA really be ...

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