Godwin Asifo of Woodbridge, Va., was sentenced today to 57 months in prison, followed by three years of supervised release, for running a mortgage fraud scheme that resulted in the foreclosure of at least three homes in northern Virginia.  Three Riverside County businessmen and four associates were criminally charged Thursday after prosecutors said they sold false investments and committed grand theft in a scheme that bilked clients of $17 million and left many broke. A federal grand jury sitting in Eugene returned indictments Thursday against 13 people a variety of mortgage and loan fraud charges arising out of the collapse of Bend's Desert Sun Development, federal prosecutors announced Friday. GRAND RAPIDS, Mich. (WOOD) - Two men will spend up to 20 years in prison for mortgage fraud, while a third man wanted in the case remains on the lam and is thought to be out of the country. DAYTON, OH - November 3, 2009 - (RealEstateRama) — A federal grand jury here has indicted James L. Mack, 64, a former loan officer at the Centerville branch of Republic Bank, Walter A. Millat, 70, and his son William E. Millat, 49, all of Dayton, charging the three men with operating a scheme to fraudulently obtain more than $4.5 million in mortgage loans by fraudulently orchestrating the purchase and sale of more than 100 properties in the Dayton area between 2001 and 2006. Mortgage fraud defendant gets 7 years 11/09/2009
Juan Carlos Gonzalez, one of the Jacksonville defendants investigated during a state-wide mortgage fraud surge, has been sentenced to seven years in federal prison for conspiring to commit wire and bank fraud. Time May Be Up on Mortgage Fraud Cases 11/09/2009
By JOE JOHNSON Published Monday, November 09, 2009  Another fraudster has pleaded guilty after being indicted on May 6, 2009 for falsifying documents and conspiracy to commit wire fraud in connection to a mortgage fraud scheme. This mortgage fraudster is identified as Tahmeane Elrod from Tyler, Texas. Realtors in Florida Orlando have been subject to an unprecedented mortgage sting conducted by the US Attorneys Office. The mortgage sting operation has resulted in 100 people facing charges involving mortgage fraud. The allegations involve more than 700 properties and more than $400 million in loans procured by fraud. Wilson, a loan closer, and Angelo Williams, owner of a Jackson real-estate investment business, are facing charges of racketeering and using false pretenses to acquire $20,000 or more. Racketeering, the most serious charge, carries a maximum penalty of 20 years in prison. | ArchivesApril 2010 Breaking News:
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