RealEstateRama Authors Posts by USDOJ
A federal court in Salt Lake City, Utah, ordered R. Gregory Shepard and Neldon Johnson and Utah companies RaPower-3 LLC, and International Automated Systems, Inc., to disgorge over $50 million in gross receipts from facilitating and promoting an abusive tax scheme involving false tax deductions and solar energy credits
New York Attorney Pleads Guilty to Tax Fraud Related to Multimillion-Dollar Embezzlement From Deceased...
A New York licensed attorney and former partner at a New York law firm pleaded guilty today to conspiracy to defraud the United States and tax evasion arising from a scheme to embezzle millions of dollars
Justice Department Obtains $410,000 Settlement of Housing Discrimination Lawsuit Against Tinley Park, Illinois, for...
The Justice Department today announced that it settled a lawsuit against the Village of Tinley Park, Illinois, a suburb of Chicago, alleging that it violated the Fair Housing Act when it refused to approve a low-income housing development in response to race-based community opposition.
The owner of a former real estate escrow firm was sentenced today in U.S. District Court in Seattle to 24 months in prison for bank fraud, announced U.S. Attorney Annette L. Hayes. LORI LYNN ANDREW, 49, of Cashmere, Washington, the owner of Hartman Escrow, Inc., pleaded guilty to one count of bank fraud. ANDREW stole more than $2.1 million through a variety of techniques
Real estate investor Christopher Graeve pleaded guilty today in West Palm Beach, in connection with an ongoing investigation into bid rigging at online public foreclosure auctions in Florida, the Department of Justice announced. Graeve is the second real estate investor to plead guilty
The Justice Department announced today that Wells Fargo Bank, N.A. and several of its affiliates (Wells Fargo) will pay a civil penalty of $2.09 billion under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA) based on the bank’s alleged origination and sale of residential mortgage loans that it knew contained misstated income information and did not meet the quality that Wells Fargo represented.
U.S. Attorney William M. McSwain announced that George Barnard, of Newtown Square, was sentenced today to five years in federal prison for defrauding lenders of almost $13 million. Barnard, 47, pleaded guilty to multiple fraud counts in April. He was also ordered to pay restitution in the amount of $12,774,941.89 and to forfeit $4,262,279.38 in proceeds he obtained through his commission of the offense
Three owners and/or managers of Los Angeles, California-area foreclosure rescue companies, Dorothy Matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison today for their roles in a foreclosure rescue scheme, respectively.
The owner, chief executive officer, and former president of a Texas construction company, HERC Solutions, was sentenced to 18 months in prison today for defrauding the U.S. Department of State out of $1.37 million. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division, U.S. Attorney G. Zachary Terwilliger of the Eastern District of Virginia
A real estate attorney was sentenced today in connection with a sweeping conspiracy to defraud banks and mortgage companies by engaging in sham “short” sales of residential properties in Merrimack Valley.
President and Vice President of South Florida Construction Company Charged with Defrauding Low-Income Housing...
President and vice president of South Florida construction company charged with defrauding low-income housing development program. Benjamin G. Greenberg, U.S. Attorney for the Southern
Real estate investor Stuart Hankin pleaded guilty today for his role in a conspiracy to rig bids, in violation of antitrust law, at online public foreclosure auctions in Florida, the Department of Justice announced. He is the first defendant to plead guilty in this conspiracy.
Mississippi real estate investor Ivan Spinner became the sixth real estate investor to plead guilty in connection with the ongoing investigation into bid rigging at public real estate foreclosure auctions in Mississippi, the Department of Justice announced.
John H. Durham, United States Attorney for the District of Connecticut, announced that STEVEN F. HARVIN, 53, of New Haven, was arrested today on a criminal complaint charging him with wire fraud and theft from programs receiving federal funds.
The chairman of a real estate development company was sentenced today to 48 months in prison and three years of supervised release for his role in a scheme to bribe United Nations ambassadors to obtain support to build a conference center in Macau that would host, among other events, the annual United Nations Global South-South Development Expo
Five Real Estate Investors Sentenced for Rigging Bids at Northern California Public Foreclosure Auctions
Five real estate investors were sentenced yesterday for their role in a conspiracy to rig bids, in violation of the antitrust laws, at public real estate foreclosure auctions in Northern California,
Justice Department Obtains Settlement of Case Alleging Disability-Based Discrimination in Housing in Ellensburg, Washington
The Justice Department announced today that it has settled a federal civil rights lawsuit against the owners, builder, and designer of the Ashlynn Estates, a three-building dormitory-style property near Central Washington University in Ellensburg, Washington. Keith and Tamra Riexinger own the property, and Riexinger Enterprises Inc. (also known as Crossroads Construction) designed and built it.
Thank you, Jesse for that kind introduction and thank you for your continued outstanding leadership at the Department as our Acting Associate Attorney General. I want to thank John Gore for doing a fabulous job as acting head of the Civil Rights Division.
The United States has reached agreement with Barclays Capital, Inc. and several of its affiliates (together, Barclays) to settle a civil action filed in December 2016 in which the United States sought civil penalties for alleged conduct related to Barclays’ underwriting and issuance of residential mortgage-backed securities (RMBS) between 2005 and 2007. Barclays will pay the United States two billion dollars ($2,000,000,000) in civil penalties in exchange for dismissal of the Amended Complaint.
The Justice Department announced today that Deloitte & Touche LLP has agreed to pay the United States $149.5 million to resolve potential False Claims Act liability arising from Deloitte’s role as the independent outside auditor of Taylor, Bean & Whitaker Mortgage Corp. (TBW), a failed originator of mortgage loans insured by the Federal Housing Administration (FHA) in the Department of Housing and Urban Development (HUD).