· A mortgage loan officer in California was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan.
According to the indictment, the defendants ran a multi-million-dollar mortgage fraud scheme, fraudulently inducing banks to extend millions of dollars in loans to unqualified buyers, while the defendants pocketed over one million dollars in real-estate and mortgage commissions for themselves.
How borrowers can help make the mortgage application process go smoother Mortgage Masters Group Mortgage Fraud on the Rise Again in the U.S. The Legal Lowdown on owning manufactured homes In united states federal courts, mortgage fraud is prosecuted as wire fraud, bank fraud, mail fraud, and money laundering, with penalties of up to thirty years’ imprisonment. As the incidence of mortgage fraud has risen over the past few years, states have also begun to enact their own penalties for mortgage fraud.
Multimillion-dollar mortgage fraud scheme lands NY man in prison.. Six charged in $5.5 million scam 3 indicted over alleged $2.5M loan-modification scheme
25 charged in $100 million mortgage fraud. AFG Financial Group, were charged with enterprise corruption, grand larceny, scheme to defraud.
SIX DEFENDANTS INDICTED IN $4.5 MILLION MORTGAGE FRAUD SCHEME Defendants Used Sanford Title Services and Shell Companies to Fraudulently disburse settlement proceeds to Themselves Baltimore, Maryland – A federal grand jury has indicted six defendants for conspiracy in a $4.5 million mortgage fraud scheme:
SAN JOSE, CA – May 19, 2011 – (RealEstateRama) – A federal grand jury in San Jose indicted Norma Valdovinos, Claudia Valdovinos, Linda Dung Tran, Elaine "Queenie" Ly, and Pablo Curiel, of San Jose, California, and Jesus Chavez, of Gilroy, California on May 11, 2011, with conspiracy to.
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Anthony Garvin, 49, Jersey City, New Jersey was charged in a superseding indictment returned June 25, 2019 for his role in running a large-scale mortgage fraud scheme that involved properties in Jersey City, Union, and elsewhere in New Jersey and caused losses of millions of dollars.
Penny Bradley, 54, New York, New York, a real estate developer, was indicted today for residential mortgage fraud in which Bradley forged member signatures to illegally obtain millions of dollars. Bradley is charged with Residential Mortgage Fraud in the First Degree, Grand Larceny in the Second Degree, and two counts of Forgery in the Second Degree and Criminal Possession of a Forged Instrument in the.
5 days ago. Mortgage Fraud and Real Estate Fraud.. Developer Indictment Multimillion Dollar Mortgage Fraud. In 2015, Bradley obtained a personal loan from Global Payment. and its six signatures pages for purposes of closing on the Atlas loan.. fraud scheme in which they applied for more than $9 million in.