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
James Henley, 35, Greenwood, Indiana, has been sentenced to ten years in federal prison, followed by three years of supervised release after pleading guilty to aggravated identity theft, conspiracy to commit access device fraud, two counts of money laundering, and eight counts of wire fraud. Henley has also been ordered to pay $1,887,426.63 in restitution ..read more
Mortgage Fraud Blog
1M ago
Thomas C. Goldstein, Chevy Chase, Maryland, and Washington, D.C., an attorney, was indicted today on a 22-count indictment,of tax evasion, assisting in the preparation of false tax returns, failing to pay taxes, and making false statements to two separate mortgage lenders. According to the indictment, in 2021, Goldstein, the sole owner of Goldstein & Russell, P.C ..read more
Mortgage Fraud Blog
1M ago
Mark Steven Diamond ,68, Chicago, Illinois, a businessman was sentenced today to more than 17 years in federal prison for bilking elderly homeowners in a reverse mortgage and home repair 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. ..read more
Mortgage Fraud Blog
1M ago
Lee Holliday, 66, of Schererville, Indiana, has been sentenced to more than three years in federal prison for orchestrating a mortgage fraud scheme in Chicago that bilked multiple financial institutions out of more than $1.5 million. Holliday admitted in a plea agreement that he engaged in mortgage fraud in 2011 and 2012 in connection with ..read more
Mortgage Fraud Blog
1M ago
Kimberly Johnson, 55, Hampton, Georgia, has pleaded guilty for her role in a mortgage fraud scheme spanning more than three years and resulting in the approval of approximately 450 mortgage loans based on fabricated documents and false information. Many of the loans are insured by the Federal Housing Administration (FHA), resulting in claims being paid ..read more
Mortgage Fraud Blog
1M ago
Marat Lerner, 42, Brooklyn, New York, the former president of a debt relief services business was sentenced today for stealing approximately $2.5 Million intended for mortgage payments from vulnerable victims who were in financial distress. According to court documents and facts presented at Lerner’s sentencing, the defendant was the owner of the Lerner Group, a ..read more
Mortgage Fraud Blog
3M ago
Nicole Espinosa, also known as Short Sale Queen, 35, Plano, Texas; Stephanie Smith, also known as Stephanie Parks, 44, Midlothian, Texas; and Selena Baltazar-Hill, 28, Dallas, Texas, were indicted by a federal grand jury on November 20, 2024, and charged with federal violations related to a mortgage fraud scheme in the Eastern District of Texas ..read more
Mortgage Fraud Blog
3M ago
Avraham Tarshish (also known as “Avi Tarshish”), 45, Queens Village, New York was found guilty yesterday for conspiracy to commit wire fraud and bank fraud, and related wire fraud counts, in connection with a scheme to defraud mortgage loan holders, including the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac ..read more
Mortgage Fraud Blog
4M ago
Christopher J. Gallo, 44, Old Tappan, New Jersey, and Mehmet Ali Elmas, 32, a U.S. citizen who resided in Turkey until the time of his arrest, were indicted by a federal grand jury on Oct. 24, 2024, on charges related to their roles in a large-scale mortgage fraud scheme. According to documents filed in this ..read more
Mortgage Fraud Blog
5M ago
Nicholas Espinosa, 38, Randolph, Massachusetts, pleaded guilty today to two counts of wire fraud conspiracy; one count of conspiracy to make false statements to a mortgage lending business (mortgage fraud conspiracy); 16 counts of wire fraud; six counts of unlawful monetary transactions (money laundering); and one count of making false statements to a mortgage lending ..read more