Mortgage Fraud

Daily update ⋅ January 21, 2021




Atlanta area woman’s 2005 sentence for mortgage fraud scheme commuted by Trump WXIA

According to the Atlanta Business Chronicle report, McFarland was the ringleader in a mortgage fraud scheme that spanned the late 90s and early 00s …


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Fraud losses fall to £724m

Accountancy Daily

KPMG’s analysis indicates procurement, loan and mortgage, counterfeit goods, and misappropriation of assets fraud, were the busiest areas in 2020.


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Trump’s final wave of pardons includes names pushed by criminal justice reform advocates.

The New York Times

Chalana McFarland was sentenced in 2005 to 30 years for multiple counts of mortgage fraud. She was sent to prison when her daughter was 4 years …


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CFPB slaps 1st Alliance Lending for illegal mortgage-origination practices

Mortgage Professional America

1st Alliance originated residential mortgages from 2004 to September 2019, halting its operations in November 2019 due to fraud allegations.


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Continued Payments by the VA Won’t Stop Qui Tam When It Comes to Purported Fraud on Veterans

JD Supra

… former mortgage brokers who specialized in originating VA mortgage loans brought suit against a mortgage lender under the False Claims Act, …


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Former Lend America exec Michael Ashley gets sentence commuted by Trump


… Trump commuted the sentence of the Long Island man who pleaded guilty to bank fraud in the 2009 collapse of a $1-billion-a-year mortgage lender.


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Former Stone Mountain lawyer pardoned for massive mortgage fraud


The Federal Bureau of Investigation said McFarland used the stolen identities of numerous victims to submit false fraudulent loan applications which …


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Five ways to protect yourself from housing scams

Washington Post

If a company tells you to stop paying your rent or mortgage, that is a sign of a scam. Never give out personal or financial information, such as your …


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What does the vice president do?

Buffalo News

California Attorney General Kamala Harris, center, and Michael Troncoso, Senior Counsel to the Attorney General, left, listen as mortgage fraud victim …


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Statement from the Press Secretary Regarding Executive Grants of Clemency

In 2013, Mr. Renzi was convicted of extortion, bribery, insurance fraud, money … Mr. Patton was convicted of making a false statement on a mortgage …


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‘I Owe My Life to the President’: Donald Trump Pardons Attorney George Gilmore

… to George Gilmore, the former GOP bigwig and law firm managing partner who was facing prison on tax evasion and mortgage fraud convictions.


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South West warned of ‘tsunami’ of fraud cases after 2020 figure hit £5.4m

Business Live

Procurement, loan and mortgage, counterfeit goods, and misappropriation of assets fraud, were the busiest areas for fraud in 2020, KPMG found.


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Trump commutes 40-year sentence of Clearwater Ponzi scheme operator

Tampa Bay Times

When the Cay Clubs scheme began falling apart in 2006, Clark engaged in a serious of fraudulent mortgage transactions totaling more than $20 …


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Full list of Trump’s last-minute pardons and commuted sentences

NBC News

He pleaded guilty to wire fraud and money laundering in an unrelated case. … Mr. Patton was convicted of making a false statement on a mortgage …


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Photos: Kamala Harris through the years

Waterloo Cedar Falls Courier

… listen as mortgage fraud victim Jacqueline Marcelos speaks at a roundtable of foreclosure victims at Mission Economic Development Agency in San …


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Today’s mortgage and refinance rates: January 20, 2021 | Low fixed rates

Business Insider

ARM rates are starting higher than fixed-rate mortgages, and you’d risk your rate increasing in a few years. It’s probably better to lock in a historically low …


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Trump expected to issue flurry of pardons on last full day

Bryan-College Station Eagle

New York City prosecutors are seeking to have the state’s highest court revive state mortgage fraud charges against Manafort after striking out twice …


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United States: Millions Paid To Resolve FIRREA Allegations Related To False Statements To Lender

Mondaq News Alerts

In doing so, Vivint made false and misleading statements to a federally … often been invoked in relation to mortgages and mortgage-backed securities.


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When the Gloves Come Off: Litigation Issues for Lenders

The court found that Bagwell could not establish a fraud claim because he could not justifiably rely on the oral representations since (i) the loan …


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More than a dozen Jews, but not Sheldon Silver, among Donald Trump’s last-minute pardons

Jewish Telegraphic Agency

Michael Ashley, a Long Island mortgage executive who was sentenced in 2019 to three years in prison for bank fraud. Jonathon Braun, who operated …


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You Can Now Earn $250 Back With This No-Annual-Fee Business Credit Card


They protect against fraud far better than debit cards, help raise your credit … According to Walters, Rocket Mortgage provides “the breadth of most …


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Roskovskis file different legal requests

Butler Eagle

Referring to the offense of making a false statement in a loan application, Comber wrote that the charge arises out of a business mortgage application in …


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Shame, suicide and the dodgy loan apps plaguing Google’s Play Store

Sri’s photo was posted in the group chat along with voice notes in the local language, Telugu, calling her a fraud who had failed to make loan …


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Mortgage rates in the US setting records

Yahoo News

MyPillow CEO Mike Lindell has received a letter from Dominion Voting Systems, warning him that litigation is “imminent” due to his false claims that …


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Universal Credit: DWP fraud crackdown means your bank account may be monitored | Personal …


Information collected can also include financial records, such as bank statements, bills and mortgage details. In the suspicion of a fraudulent claim, …


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Here are the 144 people Donald Trump pardoned the night before he left office

ABC News

Robert Cawthon was convicted for making a false statement on a bank loan … John Fordham was convicted on one count of health care fraud. He has …


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Trump’s Final List of Pardons Includes Names Pushed by Advocates


… includes the names of people who have been serving life sentences for drug or fraud charges and who for years have been seeking clemency.


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2021 kicks off with record-low mortgage rates, homebuyers encouraged to take advantage

Yahoo News

Todd Boulanger – Full pardon In 2008, Mr Boulanger pled guilty to one count of conspiracy to commit honest services fraud. He has taken full …


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Griffins joins the ASTL

Mortgage Introducer

… on matters ranging from restructuring to asset recovery and fraud investigation. In addition, Griffins also works closely with the insolvency, recovery …


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Fraud Detection and Prevention Market Key Driven Factors, Segmentation By Manufacturers …

Murphy’s Hockey Law

The study on the global Fraud Detection and Prevention market, 2021 contains an introduction to the new trends which can … Deed & Mortgage Fraud


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Banking: ‘Do it online where possible’

Jersey Evening Post

… online and website services to include FAQs, mortgage payment support, … The association also warned of the threat of fraud at this time, urging …


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Record fall in fraud court cases as lockdown slows legal process

CIR Magazine

Procurement, loan and mortgage, counterfeit goods, and misappropriation of assets fraud, were the busiest areas in 2020 according to KPMG’s report.


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Atlanta area woman’s sentence for 2005 mortgage fraud scheme commuted by Trump | News Break

News Break

ATLANTA — An Atlanta area woman who was convicted 15 years ago on 169 counts of money laundering, bank fraud and other financial crimes had …


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