<?xml version="1.0" encoding="UTF-8"?>
<!--Generated by Squarespace Site Server v5.9.1 (http://www.squarespace.com/) on Tue, 09 Feb 2010 00:38:49 GMT--><feed xmlns="http://www.w3.org/2005/Atom" xmlns:dc="http://purl.org/dc/elements/1.1/"><title>Daily Mortgage Fraud News</title><subtitle>Mortgage Fraud News</subtitle><id>http://www.mortgagefraud.org/journal/</id><link rel="alternate" type="application/xhtml+xml" href="http://www.mortgagefraud.org/journal/"/><link rel="self" type="application/atom+xml" href="http://www.mortgagefraud.org/journal/atom.xml"/><updated>2010-02-08T17:51:59Z</updated><generator uri="http://www.squarespace.com/" version="Squarespace Site Server v5.9.1 (http://www.squarespace.com/)">Squarespace</generator><entry><title>Milton (MA) man charged in ID theft/mortgage fraud allegations</title><category term="ID Theft"/><category term="Indictments"/><category term="Massachusetts"/><category term="Mortgage fraud"/><category term="id theft"/><id>http://www.mortgagefraud.org/journal/2010/2/8/milton-ma-man-charged-in-id-theftmortgage-fraud-allegations.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/8/milton-ma-man-charged-in-id-theftmortgage-fraud-allegations.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-08T17:46:40Z</published><updated>2010-02-08T17:46:40Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Augustus C. Okoye, age 47, of 278 Brush Hill Road, Milton, who is charged in an Information with three counts of wire fraud and one count of identity fraud.He is alleged to have used his brother’s name, social security number, and date of birth to obtain mortgage loans for the purchase of three properties in and around the Boston area.
]]></summary></entry><entry><title>Ohio AG files suit against two California loan modification companies</title><category term="Court Cases"/><category term="Foreclosure avoidance scams"/><category term="Mortgage fraud"/><category term="Ohio"/><id>http://www.mortgagefraud.org/journal/2010/2/8/ohio-ag-files-suit-against-two-california-loan-modification.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/8/ohio-ag-files-suit-against-two-california-loan-modification.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-08T17:15:38Z</published><updated>2010-02-08T17:15:38Z</updated><summary type="html" xml:lang="en-US"><![CDATA[The Ohio Attorney General has filed suits against United Law Group, Inc a California law firm founded by attorney Sean Alan Rutledge, and Guardian Services Group, also based in California, for promising foreclosure rescue services to Ohioans, accepting upfront fees and never delivering.In addition he announced that he had obtained a judgment against Michael Brotherton, who operated Financial Emergency, Inc a rescue business in Greene County, Ohio
]]></summary></entry><entry><title>3 indicted in Houston area mortgage fraud allegations</title><category term="Flipping"/><category term="Indictments"/><category term="Mortgage fraud"/><category term="Straw Borrowers"/><category term="Texas"/><id>http://www.mortgagefraud.org/journal/2010/2/5/3-indicted-in-houston-area-mortgage-fraud-allegations.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/5/3-indicted-in-houston-area-mortgage-fraud-allegations.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-05T22:38:50Z</published><updated>2010-02-05T22:38:50Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Eiland, Robinson and Zhu are accused of located properties for sale in the Houston area. They then recruited individuals with good credit to act as borrowers to purchase one or more of these homes. The borrowers were allegedly paid cash to use their name and credit and told that the homes would be rented out for a year. Eiland and Robinson, according to the indictment, would then sell the home at an inflated price determined by Zhu, resulting in a significant profit.
]]></summary></entry><entry><title>Trial and Case Updates</title><id>http://www.mortgagefraud.org/journal/2010/2/5/trial-and-case-updates.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/5/trial-and-case-updates.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-05T22:05:48Z</published><updated>2010-02-05T22:05:48Z</updated><content type="html" xml:lang="en-US"><![CDATA[<ul>
<li><a href="http://www.mortgagefraud.org/journal/2008/8/28/two-indicted-for-bank-fraud-money-laundering.html">Eric R. Krahnke and Michael I. Striker sentenced to prison terms<br /><br /></a></li>
<li><a href="http://www.mortgagefraud.org/journal/2009/7/31/owner-of-mortgage-company-indicted-in-alleged-scheme-to-defr.html">William Everett Nichols sentenced to 6 yrs, ordered to pay $3.9 million</a></li>
</ul>
]]></content></entry><entry><title>12 indicted in 9 seperate Brooklyn fraud cases</title><category term="Closing Agent/Attorney"/><category term="Flipping"/><category term="Indictments"/><category term="Mortgage fraud"/><category term="New York"/><id>http://www.mortgagefraud.org/journal/2010/2/4/12-indicted-in-9-seperate-brooklyn-fraud-cases.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/12-indicted-in-9-seperate-brooklyn-fraud-cases.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-05T00:57:00Z</published><updated>2010-02-05T00:57:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Kings County (NY) District Attorney Charles J. Hynes, New York State Senator Carl Kruger and US Senator Charles E. Schumer today announced charges against 12 people involved in various [9], unrelated mortgage and real estate scams. The charges are the results of investigations by the District Attorney’s Mortgage Fraud and Real Estate Crimes Unit, which was created within the Rackets Division, in February 2009.
]]></summary></entry><entry><title>6 indicted in upscale Ohio properties mortgage fraud</title><category term="Indictments"/><category term="Mortgage fraud"/><category term="Ohio"/><id>http://www.mortgagefraud.org/journal/2010/2/4/6-indicted-in-upscale-ohio-properties-mortgage-fraud.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/6-indicted-in-upscale-ohio-properties-mortgage-fraud.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-05T00:33:29Z</published><updated>2010-02-05T00:33:29Z</updated><summary type="html" xml:lang="en-US"><![CDATA[An investigation by the Greater Cincinnati Mortgage Fraud Task Force has resulted in a seven-count indictment charging two Cincinnati area home builders, a former Huntington National Bank vice president, and a self-employed tax preparer and interior designer with participating in a mortgage fraud scheme to sell four high-end luxury properties to straw buyers.
]]></summary></entry><entry><title>Trial and Case Updates</title><id>http://www.mortgagefraud.org/journal/2010/2/4/trial-and-case-updates.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/trial-and-case-updates.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T23:27:23Z</published><updated>2010-02-04T23:27:23Z</updated><content type="html" xml:lang="en-US"><![CDATA[<ul>
<li><a href="http://www.mortgagefraud.org/journal/2009/12/28/two-indicted-in-maryland-straw-buyer-fraud-scheme-allegation.html">Oluseun Oshosanya pleads guilty in Maryland straw buyer mortgage fraud case<br /><br /></a></li>
<li><a href="http://www.mortgagefraud.org/journal/2010/1/1/7-charged-in-huge-indianapolis-area-mortgage-fraud-scheme.html">Kevin Lafavers and Donald T. Brown sentenced in &#8220;Robert Penn&#8221; fraud case<br /><br /></a></li>
<li><a href="http://www.mortgagefraud.org/journal/2007/11/9/fbi-in-los-angeles-arrest-four-in-large-scale-hud-fraud.html">John Varner, former President of defunct CA lender sentenced to 13 yrs<br /><br /></a></li>
<li><a href="http://www.mortgagefraud.org/journal/2007/5/25/one-pleads-guilty-5-others-indicted-in-los-angeles-mortgage-fraud.html">Former real estate appraiser Lisa Rizk given 3 yrs in $46 million fraud<br /><br /></a></li>
<li><a href="http://www.mortgagefraud.org/journal/2007/7/30/two-arrested-in-new-york-real-estate-investment-scheme-alleg.html">Manhattan real estate developer Michael Hershkowitz sentenced to 4 yrs</a></li>
</ul>
]]></content></entry><entry><title>FBI and Utah Division of Real Estate name their 10 Ten scams</title><category term="Mortgage fraud"/><category term="Utah"/><id>http://www.mortgagefraud.org/journal/2010/2/4/fbi-and-utah-division-of-real-estate-name-their-10-ten-scams.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/fbi-and-utah-division-of-real-estate-name-their-10-ten-scams.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T22:01:59Z</published><updated>2010-02-04T22:01:59Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Salt Lake City FBI and Utah Division of Real Estate Named its Top Five Mortgage Scams in 2010 and warned Utahns to Beware.
    * Is someone letting you live in a home for free
    * Did a builder offer you deep discounts to move into a new constructed house?
    * Has a company offered to refinance your mortgage for a fee?
If the answer to any of these questions is yes, then you may be a victim of a scam.
]]></summary></entry><entry><title>Three charged in Delaware foreclosure rescue fraud allegations</title><category term="Church related frauds"/><category term="Delaware"/><category term="Foreclosure avoidance scams"/><category term="Indictments"/><category term="Mortgage fraud"/><category term="foreclosure rescue fraud"/><id>http://www.mortgagefraud.org/journal/2010/2/4/three-charged-in-delaware-foreclosure-rescue-fraud-allegatio.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/three-charged-in-delaware-foreclosure-rescue-fraud-allegatio.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T21:19:29Z</published><updated>2010-02-04T21:19:29Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Jamaar Manlove is alleged to have run a criminal enterprise involving theft, money laundering, and forgery in which he preyed on vulnerable homeowners who faced imminent foreclosure. He and the co-defendants targetted struggling homeowners looking to sell their homes to third parties to avoid foreclosure based on the false promise that they can repurchase their homes.
]]></summary></entry><entry><title>Lee County (FL) realtor arrested on fraud allegations</title><category term="Arrests"/><category term="Florida"/><category term="Mortgage fraud"/><category term="Realtor"/><id>http://www.mortgagefraud.org/journal/2010/2/4/lee-county-fl-realtor-arrested-on-fraud-allegations.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/lee-county-fl-realtor-arrested-on-fraud-allegations.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T20:45:02Z</published><updated>2010-02-04T20:45:02Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Angela M. Moore has been charged with a scheme reported by a victim who had participated in an online auction with landbidz.com in June 2008. After wiring money to the seller’s account, the victim was not able to reach the seller to obtain his warranty or property deed. As per the contract, both of these items should have been provided to the victim within 48 hours of the sale.
]]></summary></entry><entry><title>Owner of Annapolis title company indicted in investment fraud case</title><category term="Indictments"/><category term="Investment Schemes"/><category term="Maryland"/><category term="Mortgage fraud"/><category term="Title and Escrow"/><id>http://www.mortgagefraud.org/journal/2010/2/4/owner-of-annapolis-title-company-indicted-in-investment-frau.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/owner-of-annapolis-title-company-indicted-in-investment-frau.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T17:43:00Z</published><updated>2010-02-04T17:43:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[David Wehrs owned Maryland Title and Escrow Company, Inc in Annapolis, and operated a small home remodeling company called Show-Me. He is alleged to have induced individuals to invest money through Maryland Title into a purported FDIC-insured money market fund that he guaranteed would pay monthly interest payments of 10.85%. Instead of depositing the money into an American Funds Fixed Rate Money Market as promised, he allegedly deposited investor funds into one of two bank accounts he controlled in the name of his title company.
]]></summary></entry><entry><title>San Francisco woman found guilty in $6.5 million mortgage fraud</title><category term="Broker"/><category term="California"/><category term="Convictions"/><category term="Mortgage fraud"/><category term="Straw Borrowers"/><id>http://www.mortgagefraud.org/journal/2010/2/4/san-francisco-woman-found-guilty-in-65-million-mortgage-frau.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/san-francisco-woman-found-guilty-in-65-million-mortgage-frau.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T17:15:00Z</published><updated>2010-02-04T17:15:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[Judy &#8220;Miu Wan&#8221; Yeung engaged in a mortgage fraud conspiracy together with two mortgage brokers and they recruited five individuals to submit loan applications in their names in order to obtain loans totaling more than $6.5 million. Yeung engaged in these transactions in order to purchase investment properties in Gilroy, Calif., when real estate prices were still rising. Yeung also fraudulently refinanced her San Francisco residence in Balboa Terrace.
]]></summary></entry><entry><title>Florida AG files suit against California loan modification companies</title><category term="Civil Complaint alleging fraud"/><category term="Florida"/><category term="Loan Modifications"/><category term="Mortgage fraud"/><category term="loan modification fraud"/><id>http://www.mortgagefraud.org/journal/2010/2/4/florida-ag-files-suit-against-california-loan-modification-c.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/4/florida-ag-files-suit-against-california-loan-modification-c.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-04T17:11:00Z</published><updated>2010-02-04T17:11:00Z</updated><summary type="html" xml:lang="en-US"><![CDATA[21st Century Legal Services, Inc. allegedly charges consumers up-front fees in violation of Florida’s Foreclosure Rescue Fraud Prevention Act. An investigation revealed that 21st Century Legal Services charges an up-front fee as high as $2,500 to homeowners seeking loan modification services. Additionally, consumers have complained that the company has not performed the promised services and that consumers are unable to get refunds.
]]></summary></entry><entry><title>10 charged in Miami flipping/straw borrower fraud allegations</title><category term="Flipping"/><category term="Florida"/><category term="Indictments"/><category term="Mortgage fraud"/><category term="Straw Borrowers"/><category term="Title and Escrow"/><category term="flipping. straw buyer"/><id>http://www.mortgagefraud.org/journal/2010/2/3/10-charged-in-miami-flippingstraw-borrower-fraud-allegations.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/3/10-charged-in-miami-flippingstraw-borrower-fraud-allegations.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-03T21:11:53Z</published><updated>2010-02-03T21:11:53Z</updated><summary type="html" xml:lang="en-US"><![CDATA[The 10 defendants are alleged to have defrauded three lenders out of $24 million in loan proceeds. The indictment alleges that the defendants recruited friends and family to pose as purchasers of the properties. The loans were processed by a company called Miami Dade Mortgage Professionals and submitted to the lenders with fraudulent details. All of them were then closed by Trinity Closing Group.
]]></summary></entry><entry><title>Georgia DBF issues Cease and Desist order to broker who made misreps to lenders</title><category term="Action by Mortgage Regulators"/><category term="Broker"/><category term="Cease and Desist Orders"/><category term="Georgia"/><category term="Mortgage fraud"/><id>http://www.mortgagefraud.org/journal/2010/2/2/georgia-dbf-issues-cease-and-desist-order-to-broker-who-made.html</id><link rel="alternate" type="text/html" href="http://www.mortgagefraud.org/journal/2010/2/2/georgia-dbf-issues-cease-and-desist-order-to-broker-who-made.html"/><author><name>The Editor - Ian Shuter - ACFE, DMS</name></author><published>2010-02-02T22:30:03Z</published><updated>2010-02-02T22:30:03Z</updated><summary type="html" xml:lang="en-US"><![CDATA[The Georgia Department of Banking and Finance has entered into a Consent Order with Dependable Mortgage, LLC, of Norcross, GA, and its owner, Gbenga Ibisanmi, to resolve allegations pertaining to violations of the Georgia Residential Mortgage Act and agency rules. ﻿The Consent Order states that Dependable Mortgage and Ibisanmi made false statements and material misrepresentations to lenders.
]]></summary></entry></feed>