A multi-million dollar company embroiled in a mortgage fraud case formally requested that the lawsuit against them be dismissed. However, a U.S. District Court Judge just ruled that the case can go forward after all. The Judge ruled that the company involved must...
Mortgage Fraud
Appraiser commits $9 million mortgage fraud
A man who was President of his own appraisal company at 22 has been charged in a mortgage fraud case. The man, now 30, was President of Platinum Appraisal Services. His company was supposed to be making objective appraisals of various properties from a neutral...
Attorneys indicted for mortgage fraud
In a million-dollar mortgage fraud case, two well-known attorneys were recently indicted for their role in a mortgage fraud ring.The indictment was handed down by Eric T. Schneiderman, the State Attorney General of New York. It names the two attorneys, plus an...
Rare criminal charge used in mortgage fraud case
In an interesting twist, five individuals were charged with second-degree residential mortgage fraud after they cheated homeowners and banks out of approximately $1.1 million. The specific charge has not been used in their county for five years, making it a surprise...
Mortgage fraud case implicates former trader
In a mortgage fraud case that has been under development for years, a former trader for investment banking firm Goldman Sachs has been found liable by federal regulators.The civil trial's verdict, reached by a jury in a Manhattan federal court, comes after the case...
Owner of jewelry store pleads guilty in mortgage fraud case
A local jewelry store owner is faced with serious penalties in a mortgage fraud case.The 41-year-old store owner pleaded guilty in the case, which includes charges of bank fraud and federal conspiracy. A federal grand jury formally indicted the man in April, and...
Mortgage fraud accusations in Medina include luxury home builder
The problem of mortgage fraud is back in the news again. A home builder was accused of conspiring to inflate the prices of half a dozen luxury homes.At the time, the accused was owner of Horizon Construction. According to the information issued and subsequent...
Prosecutions For Mortgage Fraud Up
The Mortgage Fraud Index tracks the total number of local, state and federal prosecutions for mortgage fraud nationwide. The numbers for the first quarter of 2013 are in. The first quarter saw a 16 percent increase in mortgage fraud cases from the final quarter of...
Sentencing For Couple In Mortgage Fraud And Tax Evasion Case
The U.S. Attorney's Office announced Wednesday that two Florida residents had been sentenced in a mortgage fraud and tax evasion case. The couple, Rudolf Straat and Maria Gudelis, pleaded guilty in December and January to charges of conspiracy and tax evasion. They...
From Cocaine To Mortgage Fraud
A three-year operation by the Federal Bureau of Investigation led to the arrest of four Florida residents last month. The three, Jim Sotolongo, Ramara Garrett, Stephanie Musselwhite and Christopher Mencis were indicted last week in Orlando on charges that they...
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