Andrew Hamilton Williams, Jr., was convicted last week in Maryland of fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection to a massive mortgage fraud scheme. The scheme, entitled "Metro Dream Homes" promised to pay off homeowners’ mortgages on the homes.
Resnick was convicted of three counts of mail fraud and three counts of wire fraud. According to documents filed in this case and the evidence presented at trial: The defendants schemed to defraud hundreds of timeshare owners by offering fraudulent consulting services through their company, the.
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Under the scheme, Axxium Mortgage Co., operated by the McCuskers, would promise homeowners it would find an investor to help them save their homes, prosecutors said. The couple would arrange for a so-called straw purchaser – someone posing as a buyer – to get a fraudulent mortgage and.
Start studying Mortgage Fraud Terminology. Learn vocabulary, terms and more with flashcards This type of fraud is committed for the primary purpose of purchasing, and residing in, a primary Predatory lenders and mortgage brokers target a person with limited access to mainstream sources of credit.
FinCEN Mortgage Fraud Report – Growth in Mortgage Repurchases Increases Fraud Detection Mortgage Loan Fraud: Loan Modification and Foreclosure Rescue Scams – Evolving Trends and FinCEN Warns Lenders to Guard Against home equity conversion mortgage fraud Schemes.
Michael P. O’Donnell, 53, mortgage broker, Middleton, Massachusetts was convicted of one count of bank fraud after a three-day bench trial Judge Woodlock scheduled sentencing for October 20, 2015. O’Donnell, through his company amex home mortgage, knowingly engaged in a scheme to submit.
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Mortgage fraud is a financial crime involved with falsifying loan documents, or otherwise trying to illegally profit from the mortgage loan process. An air loan is a fraud scheme in which a mortgage broker invents both a property and a borrower in order to earn false profits.
Former Newspaper Publisher, Mortgage Broker, Mortgage Lender and Real Estate Agent Convicted in $20 Million Florida Mortgage Fraud Scheme. A federal jury convicted a four people in a $20 million Florida mortgage fraud scheme. The four people included a former Miami newspaper.
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Forde, age 50, formerly of Great Falls, Virginia, was convicted. fraud scheme from approximately December 2001 to January 2004. The indictment in the case alleged that Forde conspired with David.
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