Fraud News Archives 2002
Angel L. Serrano Jr. accused of duping mortgage lenders in a Massachusetts flip scheme.
Fraud Flips National Phenomenon: AÂ look at mortgage fraud schemes.
Atlanta fraud network responsible for more than $100 million in losses.
Several southern California individuals have been charged for defrauding lenders and HUD of millions.
The Provident Bank has reportedly filed a civil lawsuit against Community Home Mortgage Corp., accusing the company of fraud.
Todd H. Charske and Gregory B. Romer of Kemper Financial Inc. are accused by the FBI of operating a flipping scheme and defrauding Meritage Mortgage Corporation.
According to the Suspected Fraud Activity Index for August of this year, the state showing the most deterioration in the Fraud Index combined with the higher activity levels is Texas.
Two Virginia men are accused of using a Virginia title insurance agency to illegally divert loan proceeds for their own benefit.
83 individuals have been indicted by a Cleveland grand jury for participating in mortgage fraud schemes.
Two More Plead Guilty In PinnFund Scam — Former CFO admits to role in fraud financials
Three Peoria, Illinois women were sentenced for their involvement in a mortgage loan scam where they defrauded a bank of $1.7 million in a classic flip transaction scheme.
Shirley Harwood and her employee pled guilty to defrauding two lenders out of more than $6 million.
Loan originator Brian J. Wilkozek and two loan processors are among fifteen people indicted in a south side Chicago “flipping” scheme.
Edward Rostami was sentenced to a year in prison for using a fraudulently obtained property title to obtain a $1 million loan.
Rene Abreu was among 11 people indicted in a case involving The Mortgage Pros, Inc. in Guttenberg, New Jersey.
David Allan Van Velzer, Jr., was sentenced to more than 8 years in prison for wire fraud and money laundering.
Kenneth Bradford and Jo Ellen Bryant received 10+ year sentences in a Georgia flipping case.
Guilty As Charged — Former PinnFund Chief Fanghella pleads guilty
Seven indicted in AppOnline.com mortgage fraud scheme.
Fanghella Faces Trial In May — The PinnFund Saga
Indian authorities apprehended Rajiv C. Shah, one of two brothers that allegedly sold loans with fraudulent documentation to 3 U.S. lenders.
Loans originated by originated by Chapel Creek Mortgage Banker, Inc. could cost Chase Manhattan Mortgage Corp. between $10 and $20 million.
Kent E. Baklor was sentenced for defrauding two lenders of over $8.5 million.
Tamira Smyth was sentenced in a Chicago ‘flipping’ scam involving twenty defendants.
Former Las Vegas mortgage broker David Ferradino was sentenced to five years’ probation and ordered to pay $4.2 million in restitution to 90 investors.
