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…
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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…
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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,…
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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…
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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…
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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 PROPERTIES…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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