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Milton Man Convicted of Mortgage Fraud

BOSTON - March 26, 2013 - (RealEstateRama) -- A Milton man was convicted today of bank and wire fraud charges in connection with a property flipping scheme. Edward Johnson, 52, pleaded guilty before U.S. District Judge Denise J. Casper to bank fraud and six counts of wire fraud.

Randolph Woman Sentenced for Mortgage Fraud

BOSTON - March 15, 2013 - (RealEstateRama) -- A Randolph woman was sentenced late yesterday for using a stolen identity to sign fraudulent mortgage loan documents.

Bank Executive Sentenced to 30 Months in Prison for Mortgage Fraud Scheme in California

SACRAMENTO, CA - February 26, 2013 - (RealEstateRama) -- U.S. District Judge William B. Shubb sentenced Joel Blanford, 44, of San Ramon, California, to 30 months in prison, to be followed by three years of supervised release, for a mortgage fraud schem...

Superseding Indictment Charges Three More Alleged Participants in New Haven Mortgage Fraud Schemes

NEW HAVEN, CT - February 18, 2013 - (RealEstateRama) -- Three more defendants were indicted yesterday on federal charges related to their alleged participation in an extensive mortgage fraud scheme involving more than 50 mortgages on numerous residenti...

Connecticut Man Sentenced to More Than 15 Years in Federal Prison for Operating Mortgage...

WASHINGTON, D.C. - February 13, 2013 - (RealEstateRama) -- The United States Attorney for the District of Connecticut announced that William A. Trudeau, Jr., 50, Norwalk, was sentenced today by United States District Judge Janet C. Hall in New Haven to...

Four Charged in $15 Million Mortgage Fraud Scheme

CAMDEN, NJ - February 1, 2013 - (RealEstateRama) -- Four individuals from New Jersey were taken into custody today for their alleged roles in a $15 million mortgage fraud scheme on an indictment returned by a federal grand jury on January 30, 2013, U.S...

Connecticut Resident Charged with Orchestrating Extensive Mortgage Fraud Scheme

NEW HAVEN, CT - February 1, 2013 - (RealEstateRama) -- Filippos “Filip” Milios, 54, of Newington, Connecticut, was arrested today on a federal criminal complaint charging him with bank fraud stemming from his alleged involvement in an extensive mor...

Attorney Pleads Guilty in Mortgage Fraud Scheme

PITTSBURGH - January 29, 2013 - (RealEstateRama) -- An attorney pleaded guilty in federal court to charges of wire fraud, filing false income tax returns, and failing to file income tax returns, United States Attorney David J. Hickton announced today.

Ten Charged in Superseding Indictment in Timeshare Mortgage Fraud Scheme

CAMDEN, NJ - January 25, 2013 - (RealEstateRama) -- A federal grand jury for the District of New Jersey, sitting in Camden, has returned a 44-count superseding indictment against six individuals from southern New Jersey and four others for their allege...

Owner of Liberty Mortgage Company in Elk Grove Convicted in Multi-Million-Dollar Mortgage Fraud Scheme

SACRAMENTO, CA - January 23, 2012 - (RealEstateRama) -- After a 10-day trial, a federal jury found Hoda Samuel, 60, of Elk Grove, guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud.

Hilliard Couple Pleads Guilty in $7 Million Mortgage Fraud Scheme

OLUMBUS, OH - January 22, 2012 - (RealEstateRama) -- Deborah L. Kistner, 50, and her husband, Mark A. Kistner, 52, both of Hilliard, pleaded guilty three days after their trial started to a $7 million mortgage fraud scheme they carried out between June...

Dublin Man Pleads Guilty in Mortgage Fraud Scheme

COLUMBUS - January 17, 2012 - (RealEstateRama) -- Gordon L. Yocom, 44, of Dublin, Ohio, pleaded guilty to conspiracy to commit money laundering for fraudulently obtaining a mortgage loan to finance the purchase of a real estate property in Powell, Ohio...

BROOKLYN REAL ESTATE DEVELOPER CHARGED IN $2 MILLION MORTGAGE FRAUD SCHEME

New York, NY - January 16, 2012 - (RealEstateRama) -- Brooklyn-based real estate developer Schelton Assoumou was arrested today on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme. The defendant’s initi...

Mortgage Fraud Co-Schemers Sentenced in Case That Crippled Pierce Commercial Bank

WASHINGTON, D.C. - January 15, 2012 - (RealEstateRama) -- Three Pierce County women who played important roles in a mortgage fraud scheme that crippled now defunct Pierce Commercial Bank were sentenced yesterday in U.S. District Court in Tacoma, announ...

Montgomery County Man Sentenced to Prison in Mortgage Fraud Conspiracy

GREENBELT, MD - January 15, 2012 - (RealEstateRama) -- U.S. District Judge Peter J. Messitte sentenced Dennis O. Edwards, age 49, of Silver Spring, Maryland, today to 21 months in prison, followed by three years of supervised release, for conspiracy to...

Six Defendants Indicted in $4.5 Million Mortgage Fraud Scheme

BALTIMORE - January 14, 2012 - (RealEstateRama) -- A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme

Las Vegas Real Estate Agent Sentenced to 70 Months in Prison for Her Role...

WASHINGTON, DC - December 20, 2012 - (RealEstateRama) -- A Las Vegas real estate agent was sentenced today to serve 70 months in prison for her participation in a mortgage fraud scheme that netted more than $10 million in fraudulent mortgage loans, ann...

All Defendants Sentenced in More Than $20 Million Mortgage Fraud Scheme Led by Former...

DALLAS - December 17, 2012 - (RealEstateRama) -- Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea t...

Portland Man Found Guilty of Conspiracy to Manufacture and Distribute Marijuana and Mortgage Fraud

PORTLAND, OR - December 13, 2012 - (RealEstateRama) -- On Friday, December 7, 2012, Tu Ngoc Tran, 38, of Portland, Oregon, was found guilty by a federal jury of conspiracy to manufacture or distribute marijuana, two counts of manufacture of marijuana, ...

Con Man Agrees to Plead Guilty in Three Fraud Schemes, Including Multi-Million-Dollar Ponzi and...

LOS ANGELES, CA - November 29, 2012 - (RealEstateRama) -- A Glendale man has agreed to plead guilty to federal fraud charges, admitting that he ran three separate scams, including a Ponzi scheme that defrauded 30 families out of more than $8 million.

Business Real Estate Press Releases

Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

Recent Gov & Nonprofit Real Estate Press Releases

Read NRMLA’s Statement to USA Today

On June 13, NRMLA President and CEO Peter Bell submitted the following statement to USA Today in response to the investigative series of articles on HECM foreclosures written by reporters Nick Penzenstadler and Jeff Kelly Lowenstein.