Mortgage Fraud Blog
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Rachel Dollar, the editor of Mortgage Fraud Blog is a California attorney and Certified Mortgage Banker who handles litigation for mortgage lenders, servicers, and financial institutions. My mission is to raise awareness about the significant issues caused by mortgage fraud.
Mortgage Fraud Blog
1M ago
Aron Puretz, 53, New Jersey, pleaded guilty today to engaging in an extensive, multi-year conspiracy to fraudulently obtain over $54.7 million in loans and to fraudulently acquire multifamily and commercial properties. According to court documents, between 2016 and 2022, Puretz conspired with others to deceive lenders into issuing multifamily and commercial mortgage loans. Puretz and ..read more
Mortgage Fraud Blog
1M ago
Marilyn J. Mosby, 44, Baltimore, Maryland was sentenced today to twelve months of home confinement as part of thirty-six months of supervised release, for making a false mortgage application and two counts of perjury. During the first twelve months of her supervised release Mosby was ordered to remain on home confinement, with electronic monitoring and ..read more
Mortgage Fraud Blog
1M ago
German Antonio Lopez-Velasquez, 55, Modesto, California, pleaded guilty today to conspiring to commit bank fraud. According to court documents, German Antonio Lopez-Velasquez, a real estate agent, worked with Lisa Santos, 48, Long Beach, California, a mortgage loan officer, and Marko Antonio Lopez, 27, Modesto, California, a real estate agent and notary public, to obtain fraudulent ..read more
Mortgage Fraud Blog
1M ago
Mark Steven Diamond, 67, Chicago, Illinois, pleaded guilty today to a federal fraud charge for bilking elderly homeowners in a home repair and reverse mortgage scheme. Diamond schemed with others to induce homeowners to unwittingly obtain reverse mortgage loans to pay for purported home repairs that Diamond offered to perform. Diamond and the co-schemers targeted ..read more
Mortgage Fraud Blog
2M ago
Christopher J. Gallo, 44, Old Tappan, New Jersey, and Mehmet A. Elmas, 32, a U.S. citizen who resides in Turkey, are charged by complaint with one count of conspiracy to commit bank fraud, in connection with their roles in a large-scale mortgage fraud scheme. According to documents filed in this case and statements made in ..read more
Mortgage Fraud Blog
2M ago
Jason Trador, 46, Scott Depot, West Virginia, was convicted on April 10, 2024, of making a false statement to federal agents, willfully overvaluing property on a loan application, and three counts of making a false statement to the United States Department of Housing and Urban Development (HUD). Evidence at trial proved that Trador fraudulently obtained ..read more
Mortgage Fraud Blog
4M ago
Zina Thomas, 60, Detroit, Michigan, was charged in a criminal complaint filed in United States District Court for her role orchestrating a fraud scheme that stole houses from dozens of Detroit residents. The complaint charges Thomas with conspiracy to commit wire fraud, wire fraud, money laundering, and aggravated identity theft. Thomas was arrested today. According ..read more
Mortgage Fraud Blog
4M ago
Roscoe Copeland, 49, Detroit, Michigan, was sentenced yesterday to six years in prison for fraudulently conspiring to obtain over $650,000 in advance fees from borrowers seeking real estate loans. According to court documents, Copeland, was the founder and CEO of Alexis Realty Solutions LLC (ARS), which purported to be an alternative funding source for prospective ..read more
Mortgage Fraud Blog
4M ago
Jeffrey M. Young-Bey, 67, Washington, D.C was found guilty today on twelve federal charges stemming from a scheme in which he used a fake notary stamp, forged signatures, and fraudulent property deeds to steal residential real estate property. The scheme generated more than $850,000 in fraudulent loans obtained through mortgages taken out against the value ..read more
Mortgage Fraud Blog
4M ago
Marat Lerner, 41, Brooklyn, New York, the former president of a debt relief services business, pleaded guilty today to one count of wire fraud conspiracy and one count of committing wire fraud while he was on pre-trial release. Lerner admitted that he lied to his victims and that he stole money that the victims had ..read more