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	<title>Real Estate Fraud &#124; Mortgage Fraud &#124; Flipping Schemes</title>
	<link>http://www.flippingfrenzy.com</link>
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	<lastBuildDate>Sun, 21 Mar 2010 04:28:09 +0000</lastBuildDate>
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		<title>Real estate fraud case settled with Atty. General</title>
		<description><![CDATA[A $120,000 settlement has been reached with multiple Tucson defendants for their roles in what state Attorney General Terry Goddard called a fraudulent real estate scheme.
Those agreeing to the settlement included Andrew T. Silverstein, VinLan Ventures doing business as Re/Max All Executives, and Vincent Volpe. They must pay $84,000 toward restitution and $36,000 to the [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/21/real-estate-fraud-case-settled-with-atty-general/</link>
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		<title>2 Attorneys Among 40 Defendants in $20M Texas Mortgage Fraud Case</title>
		<description><![CDATA[Among 40 defendants charged by a federal grand jury indictment (PDF) announced this week in a Texas case are Daniel Ayers and Anthony Flores, reports the Dallas Morning News.
The two, who reportedly served as title company attorneys or escrow officers in real estate transactions at issue in the case, are 1996 graduates of Southern Methodist [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/20/2-attorneys-among-40-defendants-in-20m-texas-mortgage-fraud-case/</link>
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		<title>Ex-CFO Michael Spada admits to $6.3M scam</title>
		<description><![CDATA[An East Norriton man accused of embezzling $6.3 million from his former employer pleaded guilty Thursday to wire fraud, bank fraud, filing a false tax return and making a false statement to the federal government.
Michael G. Spada, 50, was charged earlier this month with stealing from Scannapieco Development Corporation, in New Hope, and hiding the [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/19/ex-cfo-michael-spada-admits-to-63m-scam/</link>
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		<title>Five await sentencing after guilty pleas in Upstate mortgage fraud scheme</title>
		<description><![CDATA[Prosecutors allege kickbacks, falsified loans
A federal judge will decide the fate of five people who have pleaded guilty in a mortgage fraud scheme that prosecutors say involved falsified loans and kickbacks to an upstate homebuilding business.
An indictment accused South East Real Estate Solutions of falsifying financial information to help investors qualify for mortgages larger than [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/19/five-await-sentencing-after-guilty-pleas-in-upstate-mortgage-fraud-scheme/</link>
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		<title>Two Metro Denver Men Indicted for Mortgage Fraud</title>
		<description><![CDATA[Shawn R. Tieskotter, age 36, of Greenwood Village, Colorado, and Craig D. Patterson, age 30, of Littleton, Colorado, were indicted by a federal grand jury in Denver on March 10, 2010, on charges of money laundering, wire and mail fraud. Patterson was arrested by federal agents without incident. He appeared in U.S. District Court in [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/18/two-metro-denver-men-indicted-for-mortgage-fraud/</link>
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		<title>Real estate attorney going to jail for mortgage fraud</title>
		<description><![CDATA[Trent Edward Wright, 38, of Cumming, Ga., was sentenced today by U.S. District Judge Timothy C. Batten, Sr. to serve one year and nine months in federal prison on a mail fraud charge involving a mortgage fraud scheme which victimized lenders and title insurance companies.
Acting U.S. Attorney Sally Quillian Yates said of today’s sentencing, “Lenders [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/16/real-estate-attorney-going-to-jail-for-mortgage-fraud/</link>
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		<title>Former Georgia Closing Attorney Sentenced to Prison in Multimillion Dollar Mortgage Fraud</title>
		<description><![CDATA[Trent Edward Wright, 38, of Cumming, Ga., was sentenced today by  U.S. District Judge Timothy C. Batten, Sr. to serve one year, nine  months in federal prison on a mail fraud charge involving a mortgage  fraud scheme which victimized lenders and title insurance companies.
Acting U.S. Attorney Sally Quillian Yates said of today&#8217;s [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/15/former-georgia-closing-attorney-sentenced-to-prison-in-multimillion-dollar-mortgage-fraud/</link>
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		<title>Mortgage fraud charges filed against former Bakersfield Realtor, her father</title>
		<description><![CDATA[A former Bakersfield real estate agent and her father face 15 felony counts each of money laundering, conspiracy and grand theft in connection with an alleged multi-million dollar mortgage fraud scheme, newly filed court charges show.
Guadalupe Ramirez, 31, and Augustine Ramirez, 60, each are wanted on $1 million arrest warrants. The father and daughter were [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/14/mortgage-fraud-charges-filed-against-former-bakersfield-realtor-her-father/</link>
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		<title>Loan Broker Sentenced to 108 Months in Multi-Million-Dollar Mortgage Fraud Scheme</title>
		<description><![CDATA[Michael Milan, 49, of Bethesda, Md., was sentenced to 108 months in prison, followed by three years of supervised release, for his role in carrying out a multi-million-dollar mortgage fraud scheme. Milan was also ordered to pay restitution of $3,141,409 and to forfeit $1,061,890 in proceeds he obtained.
Neil H. MacBride, United States Attorney for the [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/13/loan-broker-sentenced-to-108-months-in-multi-million-dollar-mortgage-fraud-scheme/</link>
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		<title>Fraudsters Plead Guilty to $10.6 Million Land Sale Scheme</title>
		<description><![CDATA[Jeffrey H. Sloman, United States Attorney for the Southern District of Florida; John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office; and J. Thomas Cardwell, Commissioner, State of Florida’s Office of Financial Regulation, announce that defendants Daniel Stephen and Patricia De Pons pled guilty to conspiracy to commit mail fraud [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/12/fraudsters-plead-guilty-to-106-million-land-sale-scheme/</link>
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		<title>Owners of strip club nabbed in $2M mortgage fraud scam</title>
		<description><![CDATA[ 
The mother-and-son owners of the strip club where Sean Bell was killed were nabbed Tuesday in a $2 million mortgage fraud scam.
Queens prosecutors say Martina Duran, 57, and Roger Arias, 36, used identities stolen from the dead and the elderly to buy and sell three properties.
One victim was an elderly woman from the Dominican Republic [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/11/owners-of-strip-club-nabbed-in-2m-mortgage-fraud-scam/</link>
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		<title>U.S. indicts Md. man in mortgage fraud</title>
		<description><![CDATA[GREENBELT, Md. -  Authorities Tuesday arrested a Maryland man in what the Department of Justice called a massive mortgage fraud scheme that left victims homeless.
Rolando Alonzo Cousins, 31, of Bowie, Md., was indicted Monday on charges of conspiracy to commit mail fraud, mail fraud and money laundering, the Maryland U.S. Attorney&#8217;s office said in a [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/10/us-indicts-md-man-in-mortgage-fraud/</link>
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		<title>San Jose Man Sentenced to 41 Months in Federal Prison</title>
		<description><![CDATA[

SAN FRANCISCO—John A. Bui was sentenced today  to 41 months in federal prison and ordered to pay $3,500,000 in  forfeiture as a result of his convictions for conspiring to commit wire  fraud, destruction of records in a federal investigation, and witness  tampering, United States Attorney Joseph P. Russoniello announced.
Mr. Bui pleaded [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/09/san-jose-man-sentenced-to-41-months-in-federal-prison/</link>
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		<title>Merced  County law enforcement targets real estate fraud</title>
		<description><![CDATA[


Merced County&#8217;s stock of empty, foreclosed homes can be a magnet for criminal activity: metal theft, tagging, vandalism, illegal squatting. On Thursday, Merced County law enforcement officials gathered in North Merced to call attention to another crime gaining traction in our community: real estate fraud.

Last year, a joint federal, state and county real estate fraud [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/08/merced-county-law-enforcement-targets-real-estate-fraud/</link>
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		<title>Gang Leader&#8217;s  mortgage scam causing huge bank losses pleads quilty</title>
		<description><![CDATA[FEDERAL COURT — A San Diego gang member who federal authorities said was the leader of a massive mortgage fraud scam pleaded guilty yesterday to participating in a racketeering conspiracy involving bank fraud, money laundering and other crimes.
Darnell Bell, 39, faces a maximum of 20 years in prison. Prosecutors said he was a chief orchestrator [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/07/gang-leaders-mortgage-scam-causing-huge-bank-losses-pleads-quilty/</link>
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		<title>Mortgage company owner sentenced in fraud scheme</title>
		<description><![CDATA[ 
 
 
Frederick Earle Deen, 30, was sentenced to 24 months in prison today for his role in a $20 million mortgage fraud scheme that operated in the Twin Cities. 
 
U.S. District Court Judge Richard Kyle handed down the sentence, which was reduced because Deen cooperated with investigators and is expected to testify at future proceedings. 
 
Sentencing [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/06/mortgage-company-owner-sentenced-in-fraud-scheme/</link>
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		<title>Minnesota Realtor Pleads Guilty in $20 Million Mortgage Fraud Scam</title>
		<description><![CDATA[Yesterday in federal court in St. Paul, the  30-year-old part owner of Legacy Lending pleaded                           guilty to participating in a mortgage fraud  scheme that involved 37 separate [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/05/minnesota-realtor-pleads-guilty-in-20-million-mortgage-fraud-scam/</link>
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		<title>Feds: CFO ripped off New Hope development firm</title>
		<description><![CDATA[The former chief financial officer of a New Hope-based development corporation embezzled more than $6 million from the company over a nine-year period and invested some of the funds in his multi-million dollar shore home, federal authorities said Tuesday.
After stealing the money from Scannapieco Development Corp., Michael G. Spada, 50, of Norristown hid the embezzlement [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/03/feds-cfo-ripped-off-new-hope-development-firm/</link>
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		<title>Colorado mortgage fraud case develops into civil rights charges</title>
		<description><![CDATA[A Weld District Court judge has ruled in favor of eight Greeley-area Latino residents in their civil rights complaints against owners of a former Greeley real estate agency and its mortgage company for targeting Latino homebuyers with deceptive practices.
The families last year filed civil rights complaints against JS Real Estate and co-owners Mark Strodtman and [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/02/colorado-mortgage-fraud-case-develops-into-civil-rights-charges/</link>
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		<title>Homeowners aren’t the only victims of mortgage fraud</title>
		<description><![CDATA[ 
Mortgage fraud isn’t only a result of professional con men tricking innocent homeowners. Federal figures and criminal cases indicate that deceptive borrowers are responsible for a large part of current losses on mortgage loans.
According to a federal interagency called The Financial Crimes Enforcement Network, borrowers or customers constitute 57 percent of the subjects of Suspicious [...]]]></description>
		<link>http://www.flippingfrenzy.com/2010/03/02/homeowners-aren%e2%80%99t-the-only-victims-of-mortgage-fraud/</link>
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