mortgage fraud

PP Blog Tag archives on references to "mortgage fraud."

U.S., Colorado Say Bella Homes — An MLM ‘Opportunity’ — Is A Foreclosure-Rescue Scam Whose ‘Mastermind’ Is A Convicted Felon Currently On Probation; Firm’s Business Operations Halted

U.S., Colorado Say Bella Homes -- An MLM 'Opportunity' -- Is A Foreclosure-Rescue Scam Whose 'Mastermind' Is A Convicted Felon Currently On Probation; Firm's Business Operations Halted

“Foreclosure-rescue scams prey on distressed homeowners’ desire to save their homes and to find any means to help fix their dire financial situations. As is the case with most loan-modification and foreclosure-rescue operations, consumers who dealt with Bella Homes lost not only the thousands of dollars they paid for ‘help,’ but also their homes.” — […]

BULLETIN: Church Pastor (And Recidivist Felon) Charged In Alleged Mortgage-Fraud Caper; Michael Wilkerson Accused Of Recruiting Congregants To Dupe Bank In $6 Million Scheme

BULLETIN: Church Pastor (And Recidivist Felon) Charged In Alleged Mortgage-Fraud Caper; Michael Wilkerson Accused Of Recruiting Congregants To Dupe Bank In $6 Million Scheme

BULLETIN: A church pastor, his wife and two real-estate brokers have been charged in an elaborate mortgage-fraud caper in which congregants allegedly were recruited as “straw purchasers” in a scheme that led to a patch of foreclosures and cost Chase Manhattan Bank $3 million. Pastor Michael Wilkerson presided over New Life Millennium Life Restoration Fellowship […]

FBI: ‘Sovereign Citizen Domestic Extremists Throughout The United States’ Are Perpetrating Mortgage Fraud And ‘Debt Elimination Schemes’ And ‘Coaching’ Others To Do So

FBI: 'Sovereign Citizen Domestic Extremists Throughout The United States' Are Perpetrating Mortgage Fraud And 'Debt Elimination Schemes' And 'Coaching' Others To Do So

Is your purported debt coach or foreclosure-relief expert a “sovereign citizen” with an avowed contempt for the U.S. government and banking in general? Is he (or she) actually trying to recruit you into a criminal scheme that only will add to your stress? Is your last disposable dollar going into the pockets of a domestic […]

Judge Says Ponzi And HYIP Operator Who Swindled Mother Of Fallen U.S. Marine Deserves More Jail Time Than Specified In Plea Bargain, Sentences Juan Rangel To 22 Years; Rangel’s Son Wanted By FBI In Bribery Caper

Judge Says Ponzi And HYIP Operator Who Swindled Mother Of Fallen U.S. Marine Deserves More Jail Time Than Specified In Plea Bargain, Sentences Juan Rangel To 22 Years; Rangel's Son Wanted By FBI In Bribery Caper

EDITOR’S NOTE: Although this story largely focuses on the sentencing of Juan Rangel, his son — Harold Rangel — is wanted by the FBI in a bribery case and is believed to have helped his father pull off a massive HYIP and Ponzi scheme. Although federal prosecutors offered a plea bargain to Ponzi and HYIP […]

News, Notes And Updates: Jailed And Disbarred, Former Massachusetts Attorney Who Fleeced 95-Year-Old Client Arrested On New Charges

News, Notes And Updates: Jailed And Disbarred, Former Massachusetts Attorney Who Fleeced 95-Year-Old Client Arrested On New Charges

EDITOR’S NOTE: This post distills recent news and development on the fraud and Ponzi fronts. CHARGED: Six people — including a disbarred attorney already in prison — have been charged in Massacuusetts in an elaborate mortgage-fraud scheme. Bruce Namenson, the former lawyer, was charged with 18 counts of of larceny for arranging bogus loan closings, […]

Bowdoin’s New Lawyer Has Another Big Case; Feds Charge Florida Home-Builder Scott Fawcett In Multi-Agency Operation Dubbed ‘The Mortgage Fraud Surge’

Michael R.N. McDonnell is the attorney for a Florida man charged Tuesday with obtaining $388,000 in a mortgage-fraud scheme, according to the Naples Daily News. McDonnell, a lawyer for nearly 40 years, recently was retained to represent AdSurfDaily President Andy Bowdoin in a civil-forfeiture case involving tens of millions of dollars seized from Bowdoin’s bank […]