Wednesday, December 1, 2021

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Alabama Real Estate Investor Pleads Guilty to Conspiracies to Rig Bids and Commit Mail...

WASHINGTON, DC - July 25, 2012 - (RealEstateRama) -- An Alabama real estate investor pleaded guilty today for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of J...

Inver Grove Heights Man Indicted in Mortgage Fraud Scam

MINNEAPOLIS - July 16, 2012 - (RealEstateRama) -- A federal indictment recently unsealed charges an Inver Grove Heights man in connection with soliciting buyers to purchase properties at inflated prices in a multi-million-dollar mortgage fraud scheme. ...

Utah Man Pleads Guilty to Charges Connected to Multi-Million-Dollar Mortgage Fraud Scheme

CHARLESTON, WV - July 13, 2012 - (RealEstateRama) -- U.S. Attorney Booth Goodwin announced today that a Utah man pleaded guilty in federal court for his involvement in a multi-million-dollar mortgage fraud scheme linked to properties at a Putnam County...

Anaheim Hills Man Sentenced to 144 Months of Imprisonment for Wire Fraud Conspiracy and...

RIVERSIDE, CA - July 10, 2012 - (RealEstateRama) -- Today, Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months’ imprisonment and three years of supervised release. U.S. District Judge J. Virginia Phillips...

Wisconsin Man Charged with Racketeering, Embezzlement, Fraud and Tax Crimes in Million-Dollar Mortgage Fraud...

MADISON - July 10, 2012 - (RealEstateRama) -- Attorney General J.B. Van Hollen and Marathon County District Attorney Kenneth J. Heimerman announced the filing of a complaint today, charging Jay Fischer with racketeering, embezzlement, fraud, and tax cr...

Brookwood Man Sentenced to 18 Months in Prison for Mortgage Fraud Scheme

BIRMINGHAM - July 5, 2012 - (RealEstateRama) -- A federal judge today sentenced a Brookwood man to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham area, announced U.S. Attorney Joyce ...

Combating Financial Fraud by Educating Homeowners

WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- Combating financial fraud is one of the top priorities of the Department of Justice under the leadership of Attorney General Eric Holder. Two and a half years ago, President Obama created the Financial Fraud Enforcement Task Force, a multi-agency coalition of federal and state officials, chaired by Attorney General Holder, to wage an aggressive, coordinated and proactive effort to investigate and prosecute financial crimes. The task force has enhanced enforcement and prevention efforts involving many types of financial fraud.

Mortgage Fraud Summits Arm Distressed Homeowners with Information to Protect Them from Scams

WASHINGTON, D.C. - June 27, 2012 - (RealEstateRama) -- The Department of Justice, the Department of Housing and Urban Development’s (HUD) Office of Inspector General and the Federal Housing Finance Agency’s Office of Inspector General, among other federal and state partners, are holding mortgage fraud summits in Las Vegas and Los Angeles today to help protect homeowners in areas hit hardest by these scams. The summit originally planned to be held in Tallahassee, Fla., will be rescheduled due to severe weather in the area. The summits, organized by President Obama’s Financial Fraud Enforcement Task Force’s (FFETF) Mortgage Fraud Working Group, are an opportunity for homeowners to learn about common mortgage fraud schemes and how to avoid becoming a victim.

California, Nevada, Florida Top Mortgage Fraud SAR List Criminals Continuing Debt Elimination and Foreclosure...

VIENNA, VA - June 26, 2012 - (RealEstateRama) -- The Financial Crimes Enforcement Network today released its First Quarter 2012 Update of mortgage loan fraud suspicious activity reports (MLF SARs) that shows California, Nevada, and Florida leading the nation in the number of MLF SAR subjects per capita. Of the 50 most populous Metropolitan Statistical Areas (MSAs) ranked by the number of MLF SAR subjects reported, the top nine are MSAs located in California, Nevada, and Florida, with the Los Angeles-Long Beach-Santa Ana area ranked first in the nation.

Mortgage Fraud Grand Jury Bill Passes out of Assembly Public Safety Committee

SACRAMENTO - June 20, 2012 - (RealEstateRama) -- Attorney General Kamala D. Harris today announced the Assembly Public Safety Committee passed an important piece of the California Homeowner Bill of Rights that aims to protect California homeowners from...

A.G. Schneiderman Introduces Legislation To Protect New Yorkers From Foreclosure Fraud

ALBANY, NY - June 14, 2012 - (RealEstateRama) -- Attorney General Eric T. Schneiderman today announced the introduction of his bill in the state Legislature that would protect New Yorkers from fraudulent business practices like "robosigning" in the for...

Savage Man Sentenced for Participating in $13 Million Mortgage Fraud Scheme

MINNEAPOLIS, MN - April 3, 2012 - (RealEstateRama) -- Earlier today in federal court, a 37-year-old Savage man was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and M...

Madison Couple Pleads Guilty to Wire Fraud and Money Laundering in Real Estate Investment...

JACKSON, MS - April 3, 2012 - (RealEstateRama) -- Demetrius Mathis, 49, and Jacqueline Mathis, 45, husband and wife from Madison, each pled guilty in federal court on Thursday, March 29, 2012 to charges relating to a real estate investment scheme, U.S....

Former Monterey Businessman Sentenced to 97 Months for Real Estate Investment Fraud

SAN JOSE, CA - April 3, 2012 - (RealEstateRama) -- David A. Nilsen was sentenced today to 97 months in prison and ordered to pay $69,828,833 in restitution following his conviction for conspiracy to commit mail and wire fraud in connection with his ope...

Register Today for MBA’s 2012 National Fraud Issues Conference

WASHINGTON, D.C. - March 15, 2012 - (RealEstateRama) -- MBA's National Fraud Issues Conference 2012 is the one forum each year where industry professionals can learn about the issues related to the growing incidence and complexity of mortgage fraud. Hear from industry experts as they review the current status of the industry, law enforcement and government’s efforts in combating mortgage fraud

Operators of Mortgage Loan Modification Business Plead Guilty to Conspiracy to Commit Fraud

SAN DIEGO, CA - February 15, 2012 - (RealEstateRama) -- Three individuals charged with conspiracy to commit wire fraud and mail fraud for their roles in operating a fraudulent mortgage loan modification business pled guilty today in federal court in Sa...

Two Defendants Indicted for Home Equity Loan Fraud

SACRAMENTO, CA - January 30, 2012 - (RealEstateRama) -- United States Attorney Benjamin B. Wagner announced that a federal grand jury returned an indictment yesterday charging two defendants with mail fraud and money laundering in connection with a mor...

Holland Real Estate Worker Sentenced for Bank Fraud

GRAND RAPIDS, MI - January 11, 2012 - (RealEstateRama) -- U.S. Attorney Donald A. Davis announced today that Janice Kay Branderhorst of Holland, Michigan was sentenced by U.S. District Judge Robert Holmes Bell to 13 months in prison for bank fraud. The...

National Loan Scam Prevention Database Surpasses Critical Milestone

WASHINGTON, D.C - January 6, 2012 - (RealEstateRama) -- The Loan Modification Scam Prevention Network (LMSPN) recently reached a critical milestone in the national effort to stop foreclosure rescue scams. Through the efforts of homeowners, housing counselors, advocates and Network partners from across the country, the national Loan Modification Scam Database, led by the Lawyers’ Committee for Civil Rights Under Law, has collected more than 20,000 scam complaint reports since its launch in March 2010.

Lender Representative Pleads Guilty to Mortgage Fraud

NEWPORT NEWS, VA - December 16, 2011 - (RealEstateRama) -- Victoria L. Allen, 57, of Chesapeake, Va., pleaded guilty yesterday to a charge of conspiracy to commit mail and wire fraud, stemming from a mortgage fraud orchestrated by Allen and several oth...

Business Real Estate Press Releases

Q3 21 - Seller Preferences Report - cover

zavvie releases new iBuyer and Power Buyer Report

Homebuyers and sellers contended with historical challenges in markets across the U.S. this July through September — and turned toward innovative solutions as a result. When available homes for purchase were scarce, average home prices hit record highs, and multiple offers with escalating bids became the norm

Recent Gov & Nonprofit Real Estate Press Releases

Q3 21 - Seller Preferences Report - cover

zavvie releases new iBuyer and Power Buyer Report

Homebuyers and sellers contended with historical challenges in markets across the U.S. this July through September — and turned toward innovative solutions as a result. When available homes for purchase were scarce, average home prices hit record highs, and multiple offers with escalating bids became the norm