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 Mortgage Association (Ginnie Mae) out […]
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
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 criminal issues encompassing mortgage
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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,” “William Burke,” “Kerry Saunders,”
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 Habibe-Arias
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 Cranston, R.I., with allegedly participating
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 activities, which
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 packaging, securitization, issuance, marketing and
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 settle allegations that its subsidiaries
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 involving two condominium conversion projects
