The legal actions surrounding Taylor, Bean & Whitaker Mortgage Corp. may be over as a judge sentenced former chairman and principal owner to 30 years in prison. While the criminal prosecution may be over for Taylor Bean officials, the fallout continues surrounding...
Mortgage Fraud
Punishment handed down for mortgage fraud scheme
Prominent Florida real estate investor Sonny Kim was sentenced to 41 months in federal prison and ordered to pay back more than $5 million in proceeds generated from his illegal activities. The mortgage fraud scheme included elements of mail fraud, bank fraud, wire...
Florida mortgage fraud rate highest in America
More than one-quarter of reported loans that were investigated for fraud in the United States in 2010 originated in Florida. Mortgage fraud rates in the state were roughly three times the expected rate last year. Accusations of misrepresentation and fraud in the...
Florida attorney acquitted in mortgage loan scam case
The federal government expends significant resources investigating and prosecuting cases involving housing industry crime. Anyone thought to be involved in a scheme to defraud a bank or other party to a mortgage may find themselves charged in federal court. A person...
Florida lawyer accused of mortgage fraud
In light of the current mortgage crisis, government authorities have been putting a great deal of focus on real estate fraud enforcement. Thus, the consequences of being accused and convicted of this crime can be quite great. Recently, authorities have brought charges...
City to use computer program in mortgage fraud enforcement
As we have discussed before, government authorities at both the state and federal level have been getting increasingly aggressive in their mortgage fraud enforcement. This can sometimes lead authorities to use new tools in their pursuit of this type of fraud....
Guilty Plea Made In Florida Mortgage/Marijuana Case
Sometimes, a white collar crime case will result in an individual pleading guilty to the crime they were accused of. Recently, a man did this in a Florida mortgage fraud case.The case involves a 47-year-old mortgage broker. Authorities claim that the man was part of a...
Florida Man Arrested In Connection To Alleged Mortgage Fraud
Government authorities have recently been very aggressive in their pursuit of mortgage fraud. One example of this is the recent arrest of a Florida man in connection to an alleged mortgage fraud scheme.The person arrested was a 37-year-old man from Hialeah, Florida....
Reports Of Suspicious Mortgage Activity High In Florida
Mortgage and real estate fraud enforcement has increasingly become a priority for state and federal authorities. Some of this might be due to the publicity these types of crimes received after the mortgage crisis. Florida has received some of this media attention, as...
Florida Man Arrested For Real Estate Fraud
There has recently been a lot of attention given to mortgage and real estate fraud in Florida. Stories of alleged fraud appear regularly in both the national and Florida media. An example of such a story is the recent arrest of a Florida man for real estate fraud.The...
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