Mortgage Fraud

The Ultimate Guide to Occupancy Fraud: Spotting Red Flags and Protecting Yourself

October 12, 2024 FraudsWatch 0

Unmasking the Deception in Mortgage Lending In the world of real estate and mortgage lending, occupancy fraud is a serious issue that can have significant consequences for both borrowers and lenders. This deceptive practice involves […] Read More

Mortgage Fraud: What It Is And How To Action

January 4, 2023 FraudsWatch 0

When purchasing a property, there are numerous things to take into account. Actually, there are so many that it can be challenging to keep up. However, having everything in order can do more than just […] Read More

Fraud News From World

Andrew Cuomo Signed a Measure That Charges Against People Who Have Received a Presidential Pardon

October 20, 2019 FraudsWatch 0

Cuomo Signs Law Aimed At Weakening Trump’s Pardon Power, Closes ‘Double Jeopardy’ Loophole New York Gov. Andrew Cuomo signed a measure Wednesday that would allow the state to pursue charges against people who have received […] Read More

Fraud News From World

Financial Fraud: JASON And YALE SCHIFF Is Charged With Multiple Counts Of Bank Fraud

July 30, 2019 FraudsWatch 0

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 […] Read More

Fraud News From World

Mortgage Fraud: Hasan Hussain Masterminded A Scheme That Defrauded Distressed Homeowners, Investors, And Financial Institutions

January 8, 2019 FraudsWatch 0

Mastermind of Mortgage Fraud Scheme Sentenced to 13 Years in Prison PROVIDENCE, R.I. – The mastermind of a mortgage fraud scheme that defrauded financially distressed homeowners, investors, and financial institutions of nearly $1.5 million dollars […] Read More

[…] Read More

Fraud News From World

Mortgage Fraud: Nomura Holding America Inc. Pay a $480 Million Penalty To Resolve Federal Civil Claims

October 16, 2018 FraudsWatch 0

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 […] Read More

Fraud News From World

Mortgage Fraud: Michael Arroyo Sentenced For Defrauding Banks in Shotgun Loan Scheme

September 14, 2018 FraudsWatch 0

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 […] Read More

Mortgage Fraud: Betsy Borges Pleaded Guilty In One Count of Conspiracy to Commit Bank Fraud

April 6, 2018 FraudsWatch 0

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 […] Read More

Financial Fraud: Patrick Lee Was Indicted For Mortgage Brokers To Prepare False Mortgage Loan Applications

November 11, 2017 FraudsWatch 0

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 […] Read More

Mortgage Fraud: Surjit Singh And Rajeshwar Singh Convicted In Four Counts Of False Statements On Loan And Credit Applications

November 9, 2017 FraudsWatch 0

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 SACRAMENTO, Calif. — A federal jury in Sacramento convicted […] Read More

Mortgage Fraud: Robert Pena Pleaded Guilty in Connection With Defrauding the Government National Mortgage Association – Ginnie Mae

October 5, 2017 FraudsWatch 0

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 […] Read More

Mortgage Fraud: LAURANCE H. FREED Convicted On Three Counts of Bank Fraud, One Count of Mail Fraud, And Four Counts of Making a False Statement To a Financial Institution

August 22, 2017 FraudsWatch 0

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 […] Read More

Mortgage Fraud Concept And Protection

July 30, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: TIMOTHY W. BURKE Sentenced For Defrauding Distressed Homeowners, And Tax Evasion

April 29, 2017 FraudsWatch 0

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 […] Read More

Mortgage Fraud: Tommy Rudy Habibe-Arias Charged With Making False Statements in an Application For a Home Equity Conversion Mortgage Loan

March 30, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Hasan Hussain and Ricardo Abreu Charged in a Conspiracy to Defraud Financial Institutions & Mortgage Fraud

January 24, 2017 FraudsWatch 0

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 […] Read More

Mortgage Fraud: Société Générale, S.A. Will Pay Civil Penalty to Resolve Claims Related to Its Activities

January 20, 2017 FraudsWatch 0

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 […] Read More

Financial Fraud: Credit Suisse Made False and Irresponsible Representations About Residential Mortgage-Backed Securities

January 18, 2017 FraudsWatch 0

Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed Securities The Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the […] Read More

Mortgage Scam: Ally Financial Inc. Agreed To Pay For 10 Subprime Residential Mortgage-Backed Securities (RMBS)

November 22, 2016 FraudsWatch 0

Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities LOS ANGELES – Ally Financial Inc. has agreed to pay the United States $52 million to […] Read More

Mortgage Fraud: Seven Individuals Pled Guilty to One Count of Conspiracy to Commit Bank Fraud and Wire Fraud

November 17, 2016 FraudsWatch 0

Seven Defendants Plead Guilty to Conspiracy Related to Mortgage Fraud Scheme In two related cases, seven residents of Miami-Dade County pled guilty to conspiracy charges arising from their involvement in a complex mortgage fraud scheme […] Read More