A Denver-area loan officer has been handed up to 41 months in Fed. jail following her conviction on conspiracy charges with regard to a mortgage-fraud scheme, the U.S. Lawyer’s Office for Colorado recounted Thu. . Linda Carnagie, 61, of Bennett, was sentenced Wed. by U.S. District Judge Marcia...

July fifteen — Julian Tzolov, the previous Credit Suisse Group AG broker who left prosecution in May, was caught in Spain charged with instruments crime and bail jumping after a global manhunt. Helper U.S. Lawyer Daniel Spector divulged the arrest today in a letter to a Fed judge in Brooklyn, Long...

On June four, 2009, investigators from the San Bernardino County Real Estate Fraud Prosecution Unit arrested a Rancho Cucamonga property agent in a crime scheme which has deceived scores of victims in the county. Richard Nazabal, 51, was detained without situation at his home in the 5000 block of Granada...

STUART Calling it a matter of greed and fraud, prosecutors opened their case against Rodney McGill and his wife Shalonda McGill in Martin County Circuit Court Tues. . The McGills face 4 counts of first-degree grand burglary and 4 counts of getting a mortgage by fake illustration together with a racketeering...

A previous Dallas resident lately confessed to Fed charges in a claimed $895,000 mortgage crime scheme that occurred in the Metroplex, according to prosecutors and court records. Reginald Davis, 41 of West Palm Beach, Fla., confessed July nine to charges of conspiracy to commit mail crime and wire crime....

Originaly by Jessica Garrison: As foreclosures climb, so does fraud by schemers preying on desperate homeowners hoping to modify their loans. State investigators have 750 open cases — up from just 10 a year ago. Maricela Castellanos sat at her desk, the telephone pressed to her ear, a chill running...

Originaly by Jim Puzzanghera: The cases are part of a federal crackdown dubbed Operation Short Change. The FTC says the firms allegedly made $300 million by selling fraudulent programs related to real estate or online businesses. Reporting from Washington — The recession has killed jobs by the...

The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story why so many people can’t get their loan out of default.

Originaly by PAT GILLESPIE: Ran $30 million real estate scheme A man federal authorities believe spearheaded a $30 million real estate scheme based in Cape Coral was sentenced to 22 years in prison Tuesday.   Ronald Luczak, 38, who with his wife Lisa ran Cape Coral Equity and Development Group Inc.,...