Mortgage Fraud

Federal Probe into Bank Fraud in North Suburbs Adds Two New Defendants CHICAGO — A federal investigation that previously led to bank fraud and identity theft charges against a north suburban businessman has resulted in indictments against…
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Nomura Agrees to Pay $480 Million in Civil Penalties for Misleading Investors in Sale of Residential Mortgage-Backed Securities The United States has reached an agreement with Nomura Holding America Inc. and several of its affiliates…
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Real Estate Broker Sentenced to Prison for Role in Defrauding Banks in $3.5 Million ‘Shotgun’ Loan Scheme NEWARK, N.J. – A New York real estate broker and a Bergen County, New Jersey, homeowner were sentenced today for their respective…
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Former Atlantic County Prosecutor’s Office Detective Sentenced To 18 Months In Prison For Mortgage Fraud Conspiracy CAMDEN, N.J. – An Atlantic County, New Jersey, woman who admitted her role in a more than $200,000 mortgage fraud conspiracy…
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Dual U.S.-Irish Citizen Extradited from Ireland to Face Mortgage Fraud Charges BOSTON – A dual U.S.-Irish citizen was arraigned late yesterday in federal court in Boston on charges of mortgage fraud and identity theft after being extradited…
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Three Defendants Convicted on All Counts for Mortgage Fraud Scheme Involving 14 Properties THREE DEFENDANTS CONVICTED ON ALL COUNTS FOR MORTGAGE FRAUD SCHEME INVOLVING 14 PROPERTIESSACRAMENTO, Calif. — A federal jury in Sacramento…
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Mortgage Company President Pleads Guilty to Defrauding Ginnie Mae BOSTON – The president and founder of a Falmouth mortgage company pleaded guilty yesterday in federal court in Boston in connection with defrauding the Government National…
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Real Estate Developer Sentenced to Three Years in Federal Prison for Defrauding Banks and the City of Chicago CHICAGO — A federal judge today sentenced a Chicago real estate developer to three years in prison in connection with a fraud…
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Moral infringement and criminal exercises in different enterprises have influenced our economy in the course of recent decades, especially in the saving money, monetary and lodging segments. In this article, we analyze the complex moral and…
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Man Who Defrauded Dozens of Distressed Connecticut Homeowners Sentenced to 9 Years in Federal Prison Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that TIMOTHY W. BURKE, also known as “Bill Burke,”…
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One Individual Charged With Making False Statements In A Reverse Mortgage Loan Application SAN JUAN, P.R – On March 29, 2017, a federal grand jury in the District of Puerto Rico returned a one count indictment charging Tommy Rudy…
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Two Indicted in Sweeping Mortgage Fraud Investigations PROVIDENCE, R.I. – A 14-count federal indictment filed in U.S. District Court in Providence charges two individuals, Hasan Hussain, 55, of Princeton, N.J., and Ricardo Abreu, 50, of…
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Société Générale Agrees To Pay $50 Million Penalty To Settle RMBS Fraud Claims United States Attorney Robert L. Capers announced today that Société Générale, S.A. will pay a $50 million civil penalty to resolve claims related to its…
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Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed SecuritiesThe Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the…
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Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed SecuritiesLOS ANGELES – Ally Financial Inc. has agreed to pay the United States $52 million to settle…
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Seven Defendants Plead Guilty to Conspiracy Related to Mortgage Fraud SchemeIn two related cases, seven residents of Miami-Dade County pled guilty to conspiracy charges arising from their involvement in a complex mortgage fraud scheme…
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Alleged Architect of $30 Million Mortgage Relief Fraud Scheme and Four Other Los Angeles Residents Indicted in Conspiracy to Defraud Banks and HomeownersWASHINGTON – The alleged architect of a $30 million mortgage relief fraud scheme and…
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Disbarred Attorney Indicted in Mortgage Modification SchemeVictims Paid the Attorney Well Over $1 Million, Which He Allegedly Used for Personal Expenses and Never Reported as Income to IRSSANTA ANA, California – A disbarred California…
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Second Defendant Pleads Guilty In Mortgage Fraud ConspiracyBUFFALO, N.Y.-U.S. Attorney William J. Hochul Jr. announced today that Alagi Samba, 46, of Bronx, NY, pleaded guilty to conspiracy to commit wire fraud affecting a financial…
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