A bit about contruction and mortgages…
Ramzy Moumneh, a/k/a Ramsey Moumneh, Kamal Moumneh, a/k/a Kamal Renno, Chuong X. Dam, Demetrios J. Voiklis, a/k/a James Voiklis, and Kimberly Brothers were all found guilty of multiple counts stemming from an indictment alleging a foreclosure rescue sc…
My, how time flies. Lots happening in the mortgage and real estate world and we’ve been remiss in reporting on most of it recently. Lets kick things back off with a quick link roundup and we will be catching up on all of the latest and greatest over the next few days. Local· Marked Down to Sell [PiPress]· Two New Downtown Hotels Proposed [Strib]· KG Purchases New Estate in Orono [Strib/CJ]· Calhoun Square on the Market [Strib] Elsewhere Otherwise· Bernanke Testimony Roundup [Big Picture]· The Silicon Valley of SubPrime [Kedrosky]· Required Reading: Bill Gross on SubPrime [Matrix]…
A Charlotte, North Carolina FBI agent stated that the FBI and the US Attorney’s office, along with the Internal Revenue Service and HUD launched an investigation of Beazer Homes after the Charlotte Observer reported that there was an abnormally h…
Nelson Miller, owner of Freedom Financial Services, withdrew his guilty plea to two misdemeanors and will face trial on sixteen felony counts. The original indictment, handed down by an Arkansas grand jury in December of 2004, alleged that Miller and h…
Manequa Anthony, 30, owner and broker of Jordan Real Estate, Brentwood, California; Jayme Hutchins, 30, agent, Brentwood, California; and Monika Selleaze, 36, notary public, Antioch, California, were arrested in connection with an alleged real estate f…
Jay Berger, 54, mortgage broker, settlement agent and title agent, was charged by Information in connection with his alleged involvement in a real estate closing scheme that defrauded title companies and lenders in excess of $4.6 million dollars. Also …
Sayeda Moin, 44, unlicensed real estate broker, Levittown, Long Island, New York, has been charged with defrauding three real estate investors out of more than $600,000 in cash and property which she allegedly used, in part, to pay personal expenses. …
Stockton East Water District, et al. v. United States (February 20, 2007) _________; http://www.eswr.com/latest/stocktoneastopcfc.pdf By Philip Atkins-Pattenson and Katharine Allen In this action against the United States, the United States Court of Federal Claims held that the Bureau of Reclamation did not…
Mark Neusch and Michael Davis were sentenced in connection with an equity skimming scheme. Neusch pled guilty to one count of equity skimming and one count of bankruptcy fraud. Davis pled guilty to one count of equity skimming. Neusch and Davis engag…
Christopher Gallagher, mortgage broker, Philadelphia, Pennsylvania, pled guilty to three counts of wire fraud and two counts of failure to file income tax returns in connection with a mortgage fraud scheme involving properties valued at more than $1.5 …