United States Attorney for the District of Minnesota B. Todd Jones announced the federal indictment against Michael Anthony Prieskorn and Richard Mathew Laho on charges of mortgage fraud. Mr. Prieskorn was arrested in Florida. Mr. Prieskorn, age 35 from Ellendale, Minnesota and Richard Laho, age 54 from...

United States District Judge Anne C. Conway sentenced 36 year old Garry S. Martin to 22 years in federal prison for conspiracy to commit money laundering in connection to mortgage fraud and thus violating his supervised release according to the press release announced by United States Attorney A. Brian...

United States Assistant Attorney General, Tom Perez announced the creation of a Fair Lending Unit to be initiated within the Civil Rights Division of the Department of Justice. Mr. Perez, who runs the division, stated that the unit was created in response to the housing crisis. He further stated that...

Ameriquest one of the country’s leading subprime lenders prior to the mortgage crash has agreed to settle twenty nine class-action lawsuits regarding predatory lending. Ameriquest has pledged twenty two million dollars in order to pay distressed borrowers and the lawyers that represent them. Ameriquest...

Mark Kiel and Codi McArdle pleaded guilty to mortgage fraud on October 22, 2009.  Mr. Kiel who was the owner of First National Mortgage Solutions, LLC located in Missouri and who employee Mr. McArdle entered their pleas for their participation in a larger mortgage fraud scheme that involves straw buyers...

Hilda Caceres, Municipal Judge was indicted in December of 2009 on charges of forgery. The indicted had remained sealed until January and reveals that four counts of forgery and three counts of tampering with a government record have been charged against the candidate for Hidalgo County Justice of the...