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Mortgage Fraud Archives

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 fraud and money laundering that led Kim to plead guilty in U.S. District Court. The conviction is part of a wide ranging effort by state and federal authorities to curtail rampant mortgage fraud throughout the state.

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 mortgage industry are high all over the nation, but nowhere is the problem receiving more attention from law enforcement than in Florida.

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 accused of mortgage fraud, bank fraud or real estate fraud faces severe penalties if convicted.

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 against a Florida man in connection to an alleged instance of mortgage fraud.

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. Recently, New York City began using a new tool in its mortgage fraud enforcement.

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.

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 the state is seen as being a center for mortgage fraud crimes. This perception could increase following a recent report on mortgage fraud.

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.

Report Names Florida a High Risk State For Mortgage Fraud

Mortgage fraud has increasingly become a focus of prosecutors in Florida. This focus will likely become stronger as the state continues to get its name in the news in connection with this type of fraud. An example of such news is a recent study which named Florida one of the highest risk places for mortgage fraud.

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