Tubbs, Murphy …

Read More...]]> 2009-07-02T14:19:47Z http://www.mortgagefraudblog.com/index.php/weblog/mortgage_fraud_scheme_leads_to_83_count_indictment/ http://feedproxy.google.com/~r/MortgageFraudBlog/~3/dy5VjLB8z4E/ Mortgage Fraud, North Carolina Beazer Homes USA, Inc. was charged in a federal bill of information and a deferred prosecution agreement, which were filed in U.S. District Court for the Western District of North Carolina. The criminal charges and accompanying agreement relate to Beazer's participation in a fraudulent scheme designed to increase Beazer Mortgage's profit margin and sell Beazer homes, as well as an accounting fraud scheme designed to "smooth earnings." Under the deferred prosecution …

Read More...]]> 2009-07-02T09:26:29Z http://www.mortgagefraudblog.com/index.php/weblog/north_carolina_mortgage_company_reaches_50_million_settlement_for_mortgage_/ http://feedproxy.google.com/~r/MortgageFraudBlog/~3/TqJbyo02yhc/ Mortgage Fraud, Minnesota Kuntee Singramdoo, 49, Lakeville, Minnesota, has been charged with five counts of Theft and three counts of Theft by Swindle (all felonies), in connection with the theft of over $220,000 while she worked as an independent closer for a Burnsville title and real estate company.

The Minnesota Department of Commerce received information in 2008 about a possible insurance fraud case involving Singramdoo, according to Dakota County Attorney James Backstrom. Ramon Coscolluela, 30, Union, New Jersey, a commercial loan broker, was charged by a State grand jury with one count each of theft by deception (second degree) and attempted theft by deception (second degree). Coscolluela, owner of Templar Group LLC, Newark, New Jersey, allegedly falsified five loan applications submitted to Commerce Bank in 2007 and 2008 on behalf clients who paid him fees ranging from $1,000 to $6,000.

Four …

Read More...]]> 2009-07-01T09:52:59Z http://www.mortgagefraudblog.com/index.php/weblog/falsified_loan_apps_lead_to_criminal_charges/ http://feedproxy.google.com/~r/MortgageFraudBlog/~3/v-2WOt-xpwA/ Mortgage Fraud, New Jersey Yi Feng Reid, 48, Closter, Bergen county, and Yu Jane Chen, 42, whose last known address was Philadelphia and both charged in a 17-count State grand jury indictment with conspiracy, eight counts of theft by deception, seven counts of identity theft and one count of money laundering.

Charged in the same indictment with one count each of conspiracy, theft by deception and identity theft are George Liu, 33, and Terrance Givens, 32, East Orange, New Jersey, was charged with one count of theft by deception (second degree.) According to Criminal Justice Director Grammicioni, Givens lied about his employment history on a mortgage application in 2005. Specifically, he falsely listed his employer as Wall Designs, Inc. of Newark, a business founded by a relative that, for all intents and purposes, never existed.

In addition to misrepresenting his employment history to …

Read More...]]> 2009-07-01T09:46:37Z http://www.mortgagefraudblog.com/index.php/weblog/new_jersey_man_indicted_for_mortgage_loan_misreps/ http://feedproxy.google.com/~r/MortgageFraudBlog/~3/x9pL_GCwJ94/ Mortgage Fraud, Florida Ronald Luczak, 37, Cape Coral, Florida, has been sentenced to 22 years in federal prison for his role in a large mortgage fraud scheme. Luczak must also pay approximately $5.9 million in restitution to his victims. He had pleaded guilty to wire fraud and money laundering charges on September 10, 2008.

According to court documents, and as previously reported on Mortgage Fraud Blog, between September 2005 and December 2006, Paul R. Tomko, 36, Middleburg Heights,Ohio, was charged with one count of mail fraud in connection with mortgage loans that were obtained fraudulently.