Mortgage fraud

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Mortgage Fraud Charges Pressed Against South Florida House Flippers

Banks and investors found themselves the victims of fraud allegedly conducted by six South Florida individuals.  These six individuals are Eimy Rodriguez, Juan Luis Quevedo, Jesus Fernando Alvarez, Abdul Basit, Yolanda M.Hernandez and Abdul Rashid Patel.  The six are accused of conspiring together to cheat banks and individuals to the tune of around $6 million […]

LAS VEGAS – Mortgage fraud has been in the crosshairs of a nationwide clampdown called Operation Stolen Dreams.  As part of this Operation, one of the latest people to be nabbed is Mortgage Fraud Loan Michael Capodici who has been involved in a mortgage fraud scheme for around 1 year between 2005 August and 2006 […]

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Gabriel Viramontes, a 49 year old man from Elk Grove, was found guilty of organizing a mortgage fraud scheme.  Viramontes was found guilty of perpetrating this fraud on at least 19 homes with loans upwards of $8 million.  The sentence of four years and 9 months in prison was handed down by US District Judge […]

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WASHINGTON – Major banks that reached the $25 billion settlement with government officials have attempted to negotiate a deal where federal and state prosecutors agree not to press criminal charges against them.  Several state and federal prosecutors have balked at this agreement. Banks cannot buy their way out of criminal charges for fraudulent or abusive […]

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CLEVELAND – County prosecutors exposed what they claim to be the nation’s largest mortgage fraud case, involving over 500 real estate transactions and fraudulent loans of $44 million. Uri Gofman, 39, a Beachwood resident accused of being the mastermind behind the scheme, pled guilty to fraudulent mortgages that resulted in $31 million in profits.  Gofman […]

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