The U.S. Attorney’s office today announced a series of mortgage fraud cases in Southern California as part of an ongoing nationwide crackdown against ”corrupt real estate professionals, bank employees who help facilitate fraud and those who prey upon distressed homeowners,” as well as borrowers and so-called ‘’straw” borrowers.
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Among the cases:
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The two owners of Premier One Lending Group, [...]
O.C. mortgage firm busted in crackdown is a post from: Mortgage Insider
The former manager of a mortgage company in Anaheim Hills is facing wire fraud conspiracy and tax evasion charges in connection with what authorities say was a foreclosure rescue scam.
Gregory Flores, who managed All Fund Mortgage branches in Anaheim Hills and Murietta, was arrested in Roswell, N.M. last week.
Also facing wire fraud charges charges in the case are [...]
3 charged in foreclosure ‘rescue’ case is a post from: Mortgage Insider
Our periodic recap of who got nabbed breaking mortgages laws!
California developer to plead guilty; 7 indicted In mortgage fraud schemes – Wall Street Journal
Six indicted in Oregon-Washington mortgage fraud scheme – Statesman Journal
Kansas City woman pleads guilty in $12.6M mortgage fraud scheme – Kansas City Business Journal
California woman to serve 15 years for $9 million [...]
Calif. developer nabbed in mortgage scam is a post from: Mortgage Insider
A special prosecution team here has filed 29 cases so far.
$100 million reported lost in real estate fraud is a post from: Mortgage Insider
Five people in a $13 million mortgage fraud ring targeting more than 100 southern California homeowners were sentenced this week in federal court, receiving terms of 1 to 15 years.
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Edward Seung Ok, 44, who pleaded guilty to mail fraud, got the longest sentence. Prosecutors argued that the former Huntingon Harbour resident was the one who found [...]
5 sentenced in $13M mortgage fraud ring is a post from: Mortgage Insider
Ex-real estate appraiser Lila Rizk, who got 3 years in prison, may appeal.
O.C. woman ordered to pay $46 million is a post from: Mortgage Insider
Kahram Zamani of Laguna Hills pleaded not guilty today to charges he defrauded 165 homeowners by running a company that took their money but did little to help them avoid foreclosure, according to the Orange County district attorney.
The DA accuses Zamani, 37, of bilking desperate homeowners out of a total of $177,000. He faces 165 [...]
While I was off Friday a colleague posted this:
County prosecutors arrested today two Ladera Ranch men – and issued a warrant for a third – accusing them of defrauding more than 400 homeowners in an alleged $1.25 million loan modification scam.Christopher Lee Diener, 42, Terrence Green Sr. 43, and Stefano Joseph Marrero, 40, are each [...]
(Update: Attorney Lear comment.)
The seizure of a handful of mortgage-aid companies operated by two men was made permanent today by Orange County Superior Court Judge Frederick Horn.
The Judge granted a petition by the California State Bar, which closed on Dec. 21 the operations of Curtis Melone of Huntington Beach and Christoper Fox of Redondo Beach.
The [...]
UPDATE: Judge approves permanent closure. Read latest HERE.
The California State Bar said today it shut down the loan modification businesses of two men for allegedly lying to consumers about being supervised by attorneys. The bar, which acted with the Orange County Superior Court in this case, has worked with other state and local officials to [...]
