Posts Tagged ‘fraud’
Calif. creates task force to probe mortgage fraud
May 23rd, 2011Calif. creates task force to probe mortgage fraud ALEX VEIGA AP Real Estate Writer LOS ANGELES California’s attorney general has formed a new task force to investigate mortgage fraud in the wake of practices that crushed the state’s housing industry and led to a wave of foreclosures. The task force will be made up of [...]
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Mortgage fraud term is 19 years
May 9th, 2011Mortgage fraud term is 19 years Former mortgage broker Michael Pahutski was sentenced in federal court Friday to 19 years in prison – one of the longest sentences ever in the Charlotte area for crimes related to mortgage fraud. Read more on The Charlotte Observer
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Trio charged in $6.7M mortgage fraud
April 12th, 2011Trio charged in $6.7M mortgage fraud Three men are facing a slew of charges after a six-year investigation into a mortgage fraud totalling $6.7 million, the Edmonton RCMP Commercial Crime Section said on Monday. Read more on Edmonton Journal via Yahoo! Canada News
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12 Arizonans charged in mortgage fraud schemes
March 10th, 201112 Arizonans charged in mortgage fraud schemes Federal prosecutors announced two indictments Wednesday targeting people who illegally profited from Arizona’s mid-2000s housing boom by devising cash-back mortgage fraud schemes, including a couple who runs a Tempe-based international Christian ministry. Read more on AP via Yahoo! Finance
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Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated
February 25th, 2011Mortgage Fraud Whitewash: $20 Billion “Get Out of Jail Free” Settlement Floated American leadership is reliable in one respect: it consistently undershoots my already low expectations. Or maybe I have it backwards because I keep forgetting who the authorities are really serving, and it clearly isn’t you and me. As we will discuss below, the [...]
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The Ultimate Mortgage Fraud Anecdote
November 24th, 2010The Ultimate Mortgage Fraud Anecdote The Miami Herald has found the perfect anecdote for the foreclosure scandal, the mortgage crisis, and how both are two sides of the same coin. It’s a stunning story about how a woman refinanced her home to get $50,000, wound up getting defrauded at every turn, and is set to [...]
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Mortgage broker pleads guilty in fraud scheme
October 1st, 2010Mortgage broker pleads guilty in fraud scheme He was part of a plan that allowed mortgages to go into default. Read more on San Antonio Express-News
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CoreLogic Releases 2010 Mortgage Fraud Trends Report
July 16th, 2010CoreLogic Releases 2010 Mortgage Fraud Trends Report CoreLogic , a leading provider of consumer, financial and property information and business services, today announced the release of its 2010 Mortgage Fraud Trends Report, a detailed analysis of US mortgage fraud rates and trends. Read more on PR Newswire via Yahoo! Finance
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S.E.C. Accuses Firm of Fraud in Mortgage Deals
June 22nd, 2010S.E.C. Accuses Firm of Fraud in Mortgage Deals The case involves a new type of target for the S.E.C. in its pursuit of wrongdoing in the mortgage market. Read more on New York Times
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Richmond man gets 5 yrs for mortgage fraud
May 25th, 2010Richmond man gets 5 yrs for mortgage fraud RICHMOND, VA. — A Richmond man has been sentenced to five years in prison for a mortgage fraud scheme. U.S. District Judge James R. Spencer on Monday also ordered 55-year-old Robert S. Capehart to pay nearly $2 million in restitution. Capehart pleaded guilty to one count of [...]
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