A bit about contruction and mortgages…
According to the latest analysis of SAR reports, mortgage fraud Suspicious Activity Reports filed by depository instituions in 2006 increased 44% since 2005. Issue 11 of the SARs Activity Review, Trends Tips & Issues credits SAR filings wit…
Idahoans facing foreclosure on a home mortgage should be wary of fraudulent “foreclosure rescue” scams according to Idaho Attorney General Lawrence Wasden and Department of Finance Director Gavin Gee. Wasden and Gee encourage anyone w…
Robert Lee Freeman, 55, Huntington Park, California, was arrested on three felony charges including forgery and filing forged documents with the San Bernardino County, California Recorder’s Office. In May 2004, Freeman allegedly forged the victim&#…
East Coast Capital, LLC, Buffalo, New York, and others were sued by Attorney General Andrew M. Cuomo in the area’s first major house flipping lawsuit against an investment company that used a Ponzi scheme that increased urban blight in Buffalo ne…
In the first big sweep of lawsuits targeting unscrupulous mortgage brokers and lenders since the state’s new predatory lending law took effect, Ohio Attorney General Marc Dann has lodged complaints against ten companies for violating Ohio’s consume…
Dean Sexton, 43, attorney, Louisville, Kentucky, was sentenced to 2 1/2 years imprisonment, followed by 2 years of supervised release after pleading guilty by plea agreement to an indictment charging him with conspiring with two other persons to defrau…
Michael O’Keefe, Jr., 47, Poplarville, Mississippi, formerly of New Orleans, has been charged in a five count indictment in connection with an on-going federal investigation into a house-flipping scam at Citywide Mortgage. O’Keefe is the son of…
A final Cease and Desist Order was issued to JCC Capital, Inc. for engaging in residential mortgage activities without a license or pursuant to an applicable exemption. An Order to Cease and Desist was also issued by the Georgia Department of B…
United States v. Atlantic Research Corporation (2007) __ U.S. ___ [http://www.supremecourtus.gov/opinions/06pdf/06-562.pdf].By Randy Visser and Olivier TheardIn a boon to private parties who undertake to voluntarily clean-up contaminated sites, the Supreme Court in United States v. Atlantic Research Corporation established that…
Nicole Athey, 38, Greenville, Michigan, was convicted of racketeering and embezzlement involving more than $1 million that was taken over four years from the Crowne Title Agency. “People in positions of trust owe a duty to those who entrust…