Originaly by MFR: In the following press release The Securities and Exchange Commission [SEC] announced that it has filed a complaint in the United States District Court for the Central District of California against Horizon Property Holdings, L.C. (“Horizon”) and its principal, Cydney Sanchez. The...

Originaly by Freeman Klopott: Federal authorities have accused a Virginia accountant of writing false letters verifying the incomes of homebuyers who were caught in a mortgage fraud scheme that caused banks to lose about $3 million when their homes went into foreclosure. Maria E. Conrad would receive...

Originaly by HA: More people linked to Accel Mortgage face federal charges Another mortgage fraud criminal case has been filed in federal court, this one accusing more people affiliated with Accel Mortgage LLC with conspiracy to commit mail, wire and loan fraud. Charged in the case are Carla Dutro, identified...

Criminal fraud may be the most underreported aspect of our current financial crisis. In this “Road to Ruin” report, former subprime lenders from Ameriquest, once the country’s largest lender, describe a system rife with fraud. They describe how a “by-any-means-necessary”...

Originaly By Naomi Smoot: CHARLES TOWN - Mountain Justice Inc., a Charleston-based agency, has opened a new office in Clarksburg in an attempt to better serve clients in the state’s eastern and northern counties. The nonprofit group opened its first office in 1996, to help provide legal assistance...

Originaly by DEVLIN BARRETT: WASHINGTON – Brash Texas billionaire R. Allen Stanford was indicted and jailed Friday on charges his international banking empire was really just a Ponzi scheme built on lies, bluster and bribery. The Justice Department announced charges against Stanford and six others...

Originaly by Paul Meincke: June 12, 2009 (BERWYN, Ill.) (WLS) — A Chicago woman is battling to keep the home she has owned for 40 years. Lessie Towns is a victim of mortgage fraud, and she could lose her home, despite the fact she has never missed a mortgage payment. Towns, who is 75 years old,...

By INDenverTimes: A Denver Grand Jury on Wednesday indicted a real estate developer accused of scamming nearly $4 million from investors in a Jefferson County real estate project called Eagle View LLC. Jack D. Arbess, 49, of Denver, is charged with violating the Colorado Organized Crime Control Act...

Originaly By Robert Moran: A South Philadelphia mortgage broker charged with a murder-for-hire plot was sentenced yesterday to more than 12 years in federal prison for a separate mortgage-fraud scheme. Mahn Huu “Bruce” Doan, 40, was sentenced by U.S. District Judge Michael M. Baylson to 151...