Seven defendants indicted in $49.6M mortgage fraud scam

16 Jul    Home Buyer News

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Seven appear in court in Cork on mortgage scam charges. Street in Cork today charged the seven accused with fraud offences in relation to a total of 970,000.. seven defendants are charged.

CLEVELAND – Four people were indicted on mortgage fraud charges in connection with the purchase of. "Brookins further inflated her gross monthly rental income by submitting seven fraudulent leases.

Another alleged mortgage scam is broken up. This one ended up costing big banks, such as Bank of America and SunTrust, millions of dollars, with the grand tally coming to $49.6M in fraudulent loans.

Seven defendants have been charged with running an alleged mortgage fraud scheme which resulted in the approval of approximately $49.6 million in fraudulent loans, and millions in losses to the lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank.

Seven Defendants Indicted In $49.6 Million Mortgage fraud scheme involving north carolina property development. According to the indictment, Domenico Rabuffo, Mae Rabuffo, Diane M. Hayduk, Raymond E. Olivier, and Curtis Allen Davis recruited numerous straw buyers to purchase lots in the Hampton Springs development.

Seven people have been charged in Miami in connection with a $49 million mortgage scam in North Carolina, according to an Associated press report. federal prosecutors released a 15-count.

Federal prosecutors released a 15-count indictment charging that seven defendants from various places around Florida had colluded in obtaining about $49.6 million in fraudulent loans, resulting in.

 · Fifteen defendants have been sentenced as part of this case. U.S. District Judge Timothy C. Batten, Sr. sentenced the following individuals: Maurice Shuler, a/k/a Fred, 29, of Atlanta, Georgia, was sentenced to seven years in prison to be followed by three years of supervised release, and ordered to pay $9.5 million in restitution.

Seven Indicted for $3 Million Mortgage Fraud Conspiracy Written by Brandon McMillan – Praveen Singh, 36, a bail bonds agent of Modesto, (pictured) and six other defendants were indicted for a mortgage fraud.

On January 10, 2014, representatives of the United States Attorney for the Southern District of Florida, the Federal Bureau of Investigation, and the Inspector General’s Office for the federal deposit insurance corporation announced the unsealing of a 15-count indictment against seven defendants allegedly involved in a complex mortgage fraud scheme.

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