Real estate investor gets 7 years in $15M mortgage fraud scheme

A nephew of Thomas Kontogiannis, a New York developer who pleaded guilty to laundering bribes for former U.S. Representative Randy “Duke” Cunningham, was sentenced to a year in prison for his.

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According to Mortgage Network, Real estate investor gets 7 years in $15M mortgage fraud scheme – They then caused the sales prices for the properties-located in Wildwood.

Are more borrowers really taking out non-agency reverse mortgages? Originators weigh in Are we currently in a reverse-mortgage renaissance? – In essence, homeowners with a reverse mortgage take a loan against. the possibility that originators might steer borrowers to higher-cost products to increase their fee income. There’s prima facie.

The number of real-estate fraud investigations initiated by IRS Criminal Investigation (CI) doubled in just two years (from 107 during the 2001 Federal Fiscal Year to 215 during FY 2003, which ended Sept. 30).

Charged with wire and bankruptcy fraud, Berg has been in custody since his arrest in October. Federal prosecutors in Seattle claim he ran a Ponzi scheme that cost his investors dearly; a judge.

Potential felony charges make servicers pause Nevada foreclosures A federal jury Friday delivered a split verdict in the second oregon standoff trial, finding two defendants guilty of conspiracy in the takeover of the Malheur national wildlife refuge but acquitting.

Phoenix real estate investor pleads guilty to $50 Million Mortgage Fraud Scheme. A conviction for a single count of conspiracy to commit wire fraud is punishable by a maximum fine of $1 million a maximum term of imprisonment of 30 years, or both, and a term of supervised release of five years.

Real estate investor gets 7 years in $15M mortgage fraud scheme Bank of America halts foreclosures in all states WASHINGTON – Bank of America Corp., the nation’s largest bank, is stopping sales of foreclosed homes in all 50 states as it reviews potential flaws in foreclosure documents. The company had previously.

A real estate investor was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony.

A real estate investor who escaped from the San Francisco federal courthouse for six days, then was tried and convicted of an million art fraud, has been sentenced to seven years in federal.

Foreclosures, short sales increased 1% in Dec. The latest home sales volume report for California shows 9% more homes sold. in 2020-2021. Updated July 5, 2019. Original copy posted March 2009. Chart 1. Another small increase takes place in December, as homebuyers seek to wrap. Short sales, real estate owned (REO) property resales and speculators have.

A New Jersey attorney and a real estate agent were charged with allegedly running a massive mortgage fraud scheme that caused more than $30 million in losses for at least five financial.

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