· ’Short sale’ scheme involved 18 metro area homes. Steven pleaded guilty to one count of bank fraud both and was sentenced to nine months and fined $50,000. Jerod Hogan, a Des Moines area mortgage broker, pleaded guilty to one count of conspiracy to make a false statement to a financial institution and was sentenced to three years of probation.
Mortgage broker J.R. Parker and closing attorney Dale Beardsley, were arrested via complaint, charging them with bank fraud for their role in this alleged scheme. operating numerous real estate.
Mortgage Broker Pleads Guilty to Structuring Charges | Narcotics Trafficking, Involving SARs, Fraud, Depository Institutions, BSA Violations, money services businesses, Check Crimes Bank Secrecy Act Records Found in Real Estate Fraud Case Lead to Separate $1.5 Million Embezzlement Scheme | Involving SARs, Fraud, Schemes and Scams
records show A West Bloomfield Township man’s $150 million in health care fraud is trickling its way through Detroit commercial real estate as a sale of a New center area building appears imminent..
· His stepmother, Leyla Wydler, 57, was a licensed real estate agent in Texas, according to court records. She owned several Houston-area businesses including the Globan Mortgage Co. Not long after Carlos Wydler got his banking position, the pair developed a system in which Leyla Wydler, sent credit card applications to the bank.
Jacoby was found guilty of 11 counts of wire fraud, three counts of money laundering, and two counts of bank fraud.
A New York man has admitted to taking part in a massive multifamily real estate scandal that harkens back to some. Wall Street Journal previously called “one of the biggest mortgage-fraud probes.
Miami Beach Lender, Broker Convicted in $20 million mortgage scam prosecutors say the broker used the profits from the scam to purchase a $6.9 million estate in Miami Beach. Article Courtesy of The Daily Business Review
· A federal grand jury has indicted the son and nephew of Rochester real estate mogul Robert "Bob" Morgan on fraud charges. Todd and Kevin Morgan are named in a 62-count, 32-page indictment along.
Real estate. is the worst area in the nation for mortgage fraud, according to Michael Kenny, VP at the warehousing division of California-based Gateway Bank, a bridge lender to American Guardian.