FBI creates team to combat mortgage fraud
The Federal Bureau of Investigation in May of 2009 created a team to defend against mortgage fraud. The team since its inception has been using covert operations, wire tapping, and advanced computer technology to obtain evidence involving economic crimes.
The team is known as the National Mortgage Fraud Team and is located at the Federal Bureau of Investigation headquarters. The team is designed to assist field agents and offices with pending investigations across the United States.
The National...
US Loan Auditors General Counsel Raises $5,500 For The Muscular Dystrophy Association of Sacramento
General Counsel Jim Sandison Raises Fundraising Event’s Highest Amount in Only 15 Days
SACRAMENTO, Calif. – June 25, 2009 – US Loan Auditors Chief Legal Counsel, Jim Sandison, knows he has plenty of friends across the greater Sacramento area. He recently raised the largest amount of “bail money” contributed to the Sacramento Muscular Dystrophy Association in this year’s annual fundraiser.
“I was happy to see the financial support come in for this very important cause in our community,”...
Posted by US Loan Auditors on 02 8th, 2010
New Jersey man charged wit...
Prosecutor Theodore J. Romankow announced that former Linden, New Jersey resident John Melchionna has been indicted on thirteen separate counts related to identity theft and mortgage fraud.
John Melchionna, age 42 was arrested on charges that were filed on January 25th relating to identity theft and mortgage fraud after a lengthy investigation by the Linden Police Department Detective, Mark Case and...
Posted by US Loan Auditors on 02 8th, 2010
Luxury Home Builders in OH...
A federal grand jury indicted two Luxury Home Builders, along with a former banker and interior designer on January 27th on charges of conspiracy, loan fraud and wire fraud.
Luxury Home Builder Bernie Kurlemann, Mason Builder, Bryan Sanneman, former Huntington National Bank Vice President, Terrance J. Monahan, Jr. and Interior Designer Eric Duke all pleaded not guilty in relation to counts of loan...
Posted by US Loan Auditors on 02 7th, 2010
Prosecutor in OH indict fo...
Prosecutors in Ohio have indicted four individuals in regard to Mortgage and Wire fraud. The case involves four multi-million dollar homes and alleges that the individuals involved in the conspiracy used straw buyers to defraud lending institutions.
Charges were brought against Eric Duke, owner of Riversdale Property Management Group, Tax Advisor and interior designer; Terrence Monahan Jr., Vice President...
Posted by US Loan Auditors on 02 6th, 2010
Appraiser facing Sentencin...
Last August a federal jury convicted Lila Marie Risk, from Trabuco Canyon of conspiracy, bank fraud and several counts of loan fraud involving a scheme that used inflated appraisals to defraud mortgage institutions. The inflated appraisals were used to purchase and refinance properties in California’s most expensive neighborhoods.
Prosecutors in the case are recommending to the court that Ms. Rizk,...
Posted by US Loan Auditors on 02 5th, 2010
Another Employee of Crisp ...
Megan Balod pleaded guilty in front of United States District Judge Oliver W. Wanger according to the press release issued by United States Attorney Benjamin B. Wagner. Ms. Balod was indicted on four counts of wire fraud involving Crisp & Cole Associates, also known as Crisp & Cole Real Estate. Ms. Balod as a part of her plea agreement is cooperating with federal investigators in the government’s...
Posted by US Loan Auditors on 02 5th, 2010
CA Homeowner pleads guilty...
Los Angeles business owner, Charles Harris Mathis Jr. pleaded guilty to straw buying according to federal court documents that were filed the second week of January. Mr. Mathis faces a sentence of up to five years in federal prison and a fine of up to two hundred fifty thousand dollars.
Mr. Mathis was involved in a straw buying scheme that has already resulted in twelve people pleading guilty. The...
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