Real Estate Investor Admits Multi-Year Mortgage Fraud Scheme
Mortgage Fraud Blog
by Stephanie Abbott
1M ago
Anthony Garvin, 52, Jersey City, New Jersey, a real estate investor has admitted conspiring to orchestrate a fraudulent home equity line of credit scheme that led to over $400,000 in losses. According to documents filed in this case and statements made in court: Between 2011 and 2014, Garvin orchestrated a scheme to defraud banks by ..read more
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Jury Finds 2 Guilty of Participating in Nationwide Foreclosure Rescue Scam
Mortgage Fraud Blog
by Stephanie Abbott
1M ago
Lorin Kal Buckner, 66, Hamilton, Ohio, and Dessalines Sealy, 59,  Brooklyn, New York, were two of four defendants who were convicted of crimes related to their participation in a foreclosure rescue scheme that defrauded at least 780 financially distressed homeowners throughout the United States. The defendants preyed on homeowners who had defaulted on their mortgages ..read more
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R.E. Developer & Attorney Both Admit Mortgage Fraud Scheme
Mortgage Fraud Blog
by Stephanie Abbott
2M ago
Victor Santos, aka Vitor Santos, 63, Watchung, New Jersey, and Fausto Simoes, 69, Millington, New Jersey, a New Jersey real estate developer and attorney each admitted today to conspiring to orchestrate a mortgage fraud scheme that led to over $3.5 million in losses. According to documents filed in this case and statements made in court: From ..read more
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Three Sentenced for Scheme to Take Home Ownership w/out Consent
Mortgage Fraud Blog
by Stephanie Abbott
2M ago
Laura R. Johnson, 47, Thomas Johnson, Sr., 54, and Cheryl M. Ashley, 72, all residents of Oklahoma City, Oklahoma, were sentenced earlier this week, collectively to more than 21 years in federal prison for conspiracy to commit mail and wire fraud in connection with a scheme to take ownership of more than a dozen real properties without ..read more
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Former Owner & Executive at Long Island Mortgage Lender Sentenced
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
5M ago
Edward E. Bohm, 44, Smithtown, New York, formerly the President of Sales and part-owner of mortgage lender Vanguard Funding, LLC (Vanguard), based in Garden City, New York was sentenced today to 24 months’ imprisonment in connection with the diversion of more than $8.9 million of warehouse loans that Vanguard had fraudulently obtained purportedly to fund ..read more
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Former Real Estate Attorney and Wife Sentenced for Mortgage Fraud
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
5M ago
Barry Wayne Plunkett Jr., 62, and Nancy Plunkett, 57, both of Hyannis Port, Massachusetts a former Massachusetts attorney and his wife have been sentenced in federal court in Boston in connection with various mortgage fraud schemes. The defendants engaged in several bank fraud schemes. In one scheme, from September 2012 to July 2016, the defendants ..read more
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Loan Officer & R. E. Agents Charged in Mortgage Fraud Scheme
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
5M ago
German Antonio Lopez-Velasquez, 55,  Modesto, California; Marko Antonio Lopez, 27, Modesto, California and Lisa Marie Santos, 48, Long Beach, California have been charged with bank fraud and conspiracy to commit bank fraud. According to court documents, Lopez-Velasquez and Lopez, who were both real estate agents, worked with Santos, a mortgage loan officer, to obtain fraudulent ..read more
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Former Head of Anaheim Chamber of Commerce Pleads Guilty to Making False Statement
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
7M ago
Todd Ament, 57, Orange, California, the former president and CEO of the Anaheim Chamber of Commerce pleaded guilty today to federal criminal charges for defrauding a cannabis company, fraudulently obtaining a COVID-relief business loan worth nearly $62,000, lying to a bank while seeking a loan for a $1.5 million second home, and cheating on his ..read more
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Lender Agrees to Pay More Than $1 Million to Resolve Fraud Allegations
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
7M ago
American Financial Network, Inc., a mortgage lender based in Brea, California, has agreed to pay $1,037,145 to resolve allegations that it improperly and fraudulently originated government-backed mortgage loans insured by the Federal Housing Administration (FHA), a component of the U.S. Department of Housing and Urban Development (HUD). Since at least December 2011, AFN has been a ..read more
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Escrow Manager Arraigned on Charges of Wire fraud and Illegal Transactions
Mortgage Fraud and Real Estate | Mortgage Fraud Blog
by Stephanie Abbott
10M ago
Christopher Adam Jensen-Tanner, 43, Roswell, New Mexico, was arraigned in federal court today on a 38-count indictment charging him with 34 counts of wire fraud and four counts of engaging in monetary transactions in property derived from specified unlawful activity. According to the indictment and other court records, Jensen-Tanner allegedly used his position and access ..read more
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