David Findel, 44, President of Worldwide Financial Resources in Morganville, New Jersey and the Jets number one fan has been indicted for mortgage fraud. Findel had his life rearranged September 8th when his scheme to defraud mortgage lenders was revealed in front of a Newark federal Judge. According...

United State Attorney General Edmund G. Brown Jr. announced again today the indictments of three mortgage brokers based in Simi Valley, California for their part in a mortgage scam that cost homeowners millions. Michael McConville, 31; Garrett Holdridge, 23, and Alan Ruiz, 28 all worked for ALG, Inc....

The Federal Bureau of Investigation and the Office of Inspector General of the Department of Housing and Urban Development (HUD) are sounding warnings about yet another scam in the mortgage industry. HUD which manages federally insured mortgage loans states that the Reverse-Mortgage Market is seeing...

The United States Acting Attorney for the Western District of Texas, John E. Murphy announced in a press lease on September 11 that Rosario Divins has been charged with twenty nine year and one month in federal prison for defrauding individuals by representing herself as a foreclose prevention specialist....

David Nilsen, the former president of Cedar Funding Inc has been charged with thirty one counts of fraud. Cedar Funding Inc was a mortgage lending firm that also managed mortgage investment pools. The accusations against Nilsen and his company state that he defrauded investors out of one hundred fifty...

Stephen Sutliff, 37 and Nikole Sutliff, 32, have been indicted with a scheme to defraud mortgage lenders of over two million five hundred thousand dollars. The Albany County District Attorney’s Office will be prosecuting the case as the Saratoga County District Attorney has cited a potential conflict...

The United States Attorney’s Office and the Monterey County District Attorneys Office has indicted to men on thirty one counts of fraud stemming from mortgage back securities. The indictments come after a sixteen month investigation involving the joint cooperation of the United States Postal Inspection...

Mario Bernadel, 51, September 3, 2009 on nineteen separate counts.  The counts against him included mail fraud; wire fraud; money laundering and bank fraud. The court convicted Bernadel for organizing the conspiracy ring and coordinating the plan to defraud mortgage lenders. The conspiracy involved...

Nine individuals have been indicted on one count of conspiracy to commit bank fraud and four counts of substantive bank fraud in Miami-Dade County. The indict against  Antonio Abreu, 63, of Hialeah, Florida; Paula Ramos, 52, of Miami, Florida; Mike Ohana, 39, of Miami, Florida; Elba Emilia Perez, 43,...