Identity Thief Pleads Guilty to Mortgage Fraud
on Nov 20, 2009 in Mortgage Fraud Types, Identity Fraud, Mortgage Fraudsters, Borrower, Mortgage Fraud Locations, South Carolina Randal Antoine, 36, Columbia, South Carolina, pled guilty to wire fraud and illegally using a Social Security number in connection with a mortgage fraud scheme. As previously reported on Mortgage Fraud Blog, Antoine devised a scheme to defr...

Mortgage Fraudster Admits Laundering Ill Gotten Gains
on Nov 20, 2009 in Mortgage Fraud Types, Property Flipping, Mortgage Fraudsters, Real Estate Agent, Mortgage Fraud Locations, New York Kevin M. O'Connell, 35, Albany, New York pled guilty to a one-count information charging him with the felony offense of laundering of monetary instruments in violation of Title 18, United States Code, Section 1956(a)(1)(A)(i), in connection...

Guaranty Title Owners Indicted for Fraud and Money Laundering
on Nov 20, 2009 in Mortgage Fraud Types, Escrow Theft, Mortgage Fraudsters, Settlement Agent, Mortgage Fraud Locations, Missouri Richard G. "Rick" Burton, 59, Nixa, Missouri, and Kathy Cyrena Allen, also known as Kathy Stanton, 66, Sarcoxie, Missouri, were charged in a 19-count indictment returned by a federal grand jury in Springfield on Tuesday, Nov. 17, 2009.  The...

Builder Convicted In Mortgage Scheme
on Nov 20, 2009 in Mortgage Fraud Locations, Colorado Mark Strodtman, 52, Windsor, Coloarado, was found guilty of 23 criminal counts including, COCCA - Pattern of Racketeering (a class two felony; punishable by up to 48 years in prison if aggravating circumstances are met), Theft $15,000...

7 Charged in Million Dollar Mortgage Fraud Scheme
on Nov 19, 2009 in Mortgage Fraud Types, Appraisal Fraud, Escrow Theft, Straw Buyer, Mortgage Fraudsters, Mortgage Loan, Real Estate Agent, Mortgage Fraud Locations, California Amy Schloemann, aka Amy Kinney; Karim Akil, aka Scott Kinney, aka Scott Kenney; Wonda Louise Kidd; Michelle McGuire; Kaska Clay, aka Mark Lane, aka Michael Lewis; James Ross; and Darnell Thomas were indicted on charges of conspiracy to commit wire fr...

Professor Sentenced for Mortgage Fraud Scheme
on Nov 19, 2009 in Mortgage Fraud Types, Straw Buyer, Mortgage Fraud Locations, Tennessee Pamela Gail Holder has been sentenced to 12 months and one day in prison for her role in a mortgage fraud scheme. Following a one-week jury trial in April 2009, Dr. Holder was found guilty of both bank and wire fraud charges. As previo...

Appraiser Indicted for False Statements
on Nov 19, 2009 in Mortgage Fraud Types, Appraisal Fraud, Mortgage Fraudsters, Appraiser, Borrower, Mortgage Fraud Locations, Connecticut Thomas Preston, 49, Norwalk, Connecticut, was indicted one count of making a false statement on a mortgage loan application. According to the indictment, Preston owned and managed a real estate appraisal company known as Redding Appraisers,...

Second Missouri Man Sentenced in Major Mortgage Fraud Scheme
on Nov 18, 2009 in Mortgage Fraudsters, Mortgage Loan, Mortgage Fraud Locations, Missouri Robert P. Wrolstad, O'Fallon, Missouri, was sentenced on a mortgage fraud scheme involving the sale of residential real estate located in Sikeston, MO. After sentencing, the district court remanded Wrolstad to the custody of the United States Ma...

Deed Forger Sentenced in Real Estate Fraud Case
on Nov 18, 2009 in Mortgage Fraud Types, Identity Fraud, Mortgage Fraudsters, Borrower, Mortgage Fraud Locations, California Oralia Hidalgo, 46, Colton, California, was sentenced to prison for real estate fraud related crimes. Hidalgo was ordered to serve five (5) years in the California state prison system. The defendant was found guilty on nine (9) felony counts ran...

Man Arrested for Real Estate Ponzi Scheme
on Nov 17, 2009 in Mortgage Fraud Locations William Arthur Sassman II, 41, Sacramento, California, who "looted" the life savings of dozens of investors to bankroll his lavish lifestyle and prop up a multi-million dollar real estate and business Ponzi scheme, has been arrested. Sassman was...