Britain’s Serious Fraud Office announced that it has indicted two men with fraud. Allied Irish Bank PLC and Bank of Scotland PLC were defrauded of approximately sixty million pounds or ninety five million US dollars. Achilleas Kallakis who is formerly known as Sefanos Kollakis was granted conditional...

Andrew Wilson, age 39 from Toronto also known as Drew Wilson and Ken Jackson was charged with vagrancy, two counts of laundering money, two counts of fraudulently obtaining food and lodging, public mischief, impersonation with intent, two counts of obtaining credit under false pretenses, possession of...

If you thought that losing your home to foreclosure was behind you? Beware of the Short Sale. You may still be liable for the difference between what you owe on your mortgage and what the bank can sell the property for at auction. The bank may still be able to come back at you using a deficiency judgment....

United States Attorney for the Northern District of New York, Richard Hartunian along with Special Agent in Charge of the Office of Inspector General, United States Department of Housing and Urban Development in New York, Rene Febles, Special Agent in Charge of Albany Division of the Federal Bureau of...

The Manhattan District Attorney, Cyrus Vance announced on February 9th the indictment of Adam Hockfelder for his involvement in two real estate deals which defrauded investors of over two million five hundred thousand dollars. The deals Mr. Hockfelder is accused are revolve around his purported acquisition...

Freddie Young, age 44, from Jackson, pleaded guilty on February 5th to two counts of using false pretenses to acquire more than twenty thousand dollars. Prosecutors allowed Mr. Young to plea to a lesser charge and dropped the third charge of racketeering. Assistant prosecutor Nick Mehalco Jr. stated...

Federal investigators have identified ten individuals in regard to a twenty-four million dollar mortgage fraud. The indictment against the ten individuals states that three of the conspirators would identify the properties in which the conspirator would use to defraud mortgage lending institutions. The...

Priority Search Inc and its President and Treasure, Elizabeth Sichler are the center of several lawsuits involving the now defunct Kingston Title Search Company. The United States Secret Service is currently investigating the title company and its principals. Bob Slama, a spokesperson for the United...

Ming Shan Zhu, age 57, owner of Catco Homes and Alvin Mark Eiland , age 45, former owner of Future Mortgage Company  Inc and Gary Leonard Robinson II, age 28, a former employee of Mr. Eiland  have been indicted in a scheme that defrauded mortgage lending institutions of over seven million dollars in...