Category Archives: embezzlement

Ex-NFL Star Indicted for Mortgage Fraud

June 15, 2007 – 1:04 pm

FIVE INDICTED IN MORTGAGE FRAUD SCHEME [HOUSTON, TX] – A licensed Texas attorney and real estate developer, a sports agent, two bank loan officers, and a real estate appraiser have been indicted in a multimillion dollar mortgage fraud scheme, United States Attorney Don DeGabrielle, interim Special Agent in Charge Alex J. Turner of the FBI [...]

By mortgageforensics | Also posted in Fraud (appraiser), fraud (attorney), Fraud (borrower), Fraud (builder), Fraud (buyer), Fraud (lender), Fraud (loan agent), Fraud (realtor), Fraud (seller), Fraud (title/escrow), mortgage fraud | Comments (2)

From the FBI: All You Need to Know About Mortgage Fraud

May 27, 2007 – 2:30 pm

MORTGAGE FRAUD INDICATORS Inflated Appraisals • Exclusive use of one appraiser Increased Commissions/Bonuses – Brokers and Appraisers • Bonuses paid (outside or at settlement) for fee-based services • Higher than customary fees Falsifications on Loan Applications • Buyers told/explained how to falsify the mortgage application • Requested to sign blank application Fake Supporting Loan Documentation [...]

By mortgageforensics | Also posted in Contract law, Foreclosure, Fraud (appraiser), fraud (attorney), Fraud (borrower), Fraud (builder), Fraud (buyer), Fraud (lender), Fraud (loan agent), Fraud (realtor), Fraud (seller), Fraud (title/escrow), mortgage fraud | Comments (2)

Ohio Foreclosure Fraud

November 16, 2006 – 10:33 pm

Dayton, Ohio:  Gregory G. Lockhart, United States Attorney for the Southern District of Ohio; Saul Eisen, United States Trustee, Region 9, (Ohio/Michigan); Timothy P. Murphy, Special Agent in Charge, Federal Bureau of Investigation, Cincinnati Field Division; and Gerald A. O’Farrell, Assistant Inspector In Charge, U.S. Postal Inspection Service, announced the indictment  by a grand jury [...]

By mortgageforensics | Also posted in Foreclosure | Comments (0)

AG Charges Loan Officer With Theft

October 24, 2006 – 5:25 pm

TACOMA, WASHINGTON  – Attorney General Rob McKenna announced today that his office has filed first-degree theft charges against a mortgage loan officer accused of stealing a check intended to pay for brokerage fees.The Attorney General’s Criminal Division Financial Crimes Unit charged Robert L. Flath, 41, of Gig Harbor, with one-count of first-degree theft. Flath entered [...]

By mortgageforensics | Also posted in Fraud (loan agent) | Comments (0)
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