RealEstateRama Authors Posts by USDOJ
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).
Acting Deputy Assistant Attorney General M. Kendall Day of the Criminal Division Delivers Testimony...
Chairman Crapo, ranking member Brown and members of the Committee, thank you for the opportunity to discuss our nation’s anti-money laundering laws, including the Bank Secrecy Act. The Department of Justice draws upon the resources and expertise of various components to combat money laundering, including the Criminal Division’s Money Laundering and Asset Recovery
Two Los Angeles-Area Managers of Foreclosure Rescue Companies Convicted for Roles in Mortgage Fraud...
A federal jury found two Los Angeles, California-area managers of foreclosure rescue companies guilty today for their roles in a foreclosure rescue scheme. Acting Assistant Attorney General John P. Cronan of the Justice Department’s Criminal Division
Justice Department Files Disability Discrimination Lawsuit Against the Housing Authority of the City of...
The U.S. Department of Justice today filed a lawsuit against the Housing Authority of the City of Bridgeport (HACB), doing business as Park City Communities. The lawsuit, filed in the U.S. District Court for the District of Connecticut, alleges that HACB discriminated against persons with disabilities in violation of Section 504 of the Rehabilitation Act, Title II of the Americans with Disabilities Act, and the Fair Housing Act
Justice Department Sues Northwest Trustee Services, Inc. in Bellevue, Washington, for Illegally Foreclosing on...
The U.S. Department of Justice today filed a lawsuit in U.S. District Court for the Western District of Washington, alleging that Northwest Trustee Services, Inc. (Northwest) violated the Servicemembers Civil Relief Act (SCRA). The complaint alleges that since 2010, Northwest completed foreclosures on at least 28 homes owned by servicemembers without obtaining the required court orders