Mortgage Fraud Blog

Quddusa Lynette Anderson, 38, Patton, California, who allegedly to have operated a "cash for keys" scam in Rancho Cucamonga, California, has been charged with Burglary, Forgery and Grand Theft. 

Rodney Lavann Giles, 45, DeSoto, Texas, has been found guilty by a jury in a mortgage fraud scheme that involved homes in the Eastern District of Texas.

Kareem Serageldin, David Higgs, and Salmaan Siddiqui, respectively, Credit Suisse Directors, have been charged with fraudulently inflating the prices of asset-backed bonds which comprised subprime residential mortgage backed securities (“RMBS”) and commercial mortgage backed securities (“CMBS”) in Credit Suisse’s trading book in late 2007 and early 2008. 

Chris Wayne Duncan, 43, and Robin Ann Duncan, 37, Newport Beach, California, were convicted and sentenced for conspiring to illegally occupy a home as "squatters" by locating residences that were vacant and in foreclosure.

James D. Levitt, 66, Rhode Island, a former attorney, pled guilty in federal court in Providence, Rhode Island, to three counts of bank fraud and two counts of filing false tax returns for his role in a million-dollar mortgage fraud scheme.

Lender Processing Services, Inc., a company which provides integrated technology, data, and analytics to the mortgage and real estate industries, responded to the civil complaint filed by the Nevada Attorney General against the company in December 2011, by filing a Motion to Dismiss.

Gerald James Greenfield, 66, Bloomington, Minnesota, was sentenced by United States District Court Judge Patrick J. Schiltz in connection with his participation in a $2.5-million mortgage fraud scheme that involved the sale of condominiums in the Sexton Lofts building in downtown Minneapolis, Minnesota.

Andrey Kim, 28, Sacramento, California, and Sultanmurod Rashidov, 29, Brooklyn, New York, have been indicted by a federal grand jury on charges of mail fraud and money laundering in connection with a mortgage fraud scheme that resulted in losses of at least $180,000 to lenders.

William Troy Goings, 36, Sacramento, California, pleaded guilty in federal court to his role in a mortgage fraud scheme that defrauded a failed Sugar Creek, Missouri, bank of more than $8.5 million.

Robinson Dinh Nguyen, 31, Fresno, California, was sentenced to 27 months in prison, to be followed by three years of supervised release, and ordered to pay $433,000 in restitution for conspiring to commit mail, wire and bank fraud in connection with his employment as a real estate agent for Crisp & Cole Associates.

Marlon Baugh, 32, Pembroke Pines, Florida, was sentenced on Friday, January 27, 2012, by U.S. District Judge James Cohn to one year and one day in prison for mail fraud in connection with his participation in a mortgage fraud scheme.

Steven Carver, Carver and Associates Real Estate, Minnetonka, Minnesota, orchestrated an elaborate mortgage kickback scheme that cost lenders $3.3 million and put more than 18 homes into foreclosure or short sale.

Kathleen Harps, 51, Chesapeake, Virginia, was sentenced in Norfolk, Virginia, federal court to 54 months in prison for operating a foreclosure rescue mortgage fraud scheme. Chief United States District Judge Rebecca Beach Smith imposed the sentence.  Harps previously pled guilty on August 23, 2011.

Aaron Hand, Kenneth Law, Eric Shields and Jerry Strklja were sentenced for perpetrating a massive mortgage fraud scheme conducted through a corrupt loan origination company called AFG Financial Group, Inc.

Christopher Plummer, 50, Lyme, Connecticut, pleaded guilty before Senior U.S. District Judge Warren W. Eginton in Bridgeport, Connecticut, to one count of conspiracy to commit wire fraud stemming from a real estate investment fraud scheme that defrauded individuals out of approximately $1.9 million. 

Kenneth A. Swanger, 41, Woodland, California, a real estate investor, pleaded guilty in U.S. District Court in Sacramento, California, to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.

Darryl Cobb, 54, Birmingham, Alabama, has been sentenced to five years in prison for a mortgage fraud scheme in which he sold three houses that he did not own.

Richard Scott Spady, 38, and Michele Denise Sengstock, 48, both of Bloomington, Minnesota, have been indicted in U.S. District Court for allegedly defrauding financial institutions and homeowners under the guise of a program to rescue homes from foreclosure.

Kimberly S. Daise, Miami, Florida, an attorney, pled guilty on January 11, 2012, in connection with a mortgage fraud scheme relating to a property in the Versailles development in Wellington, Florida. 

Bonnie Sweeten, 40, Pennsylvania, was sentenced to 100 months in prison for fraud schemes in which she stole in excess of $600,000 from her employer and family members including mortgaging a property she did not own.