Investor accused of using loans to live on easy street - Business - MiamiHerald.com
Tuesday, May 18th, 2010
Investor accused of using loans to live on easy street - Business - MiamiHerald.com
Investor accused of using loans to live on easy street
Guy Mitchell bounced onto the South Florida real estate scene with lots of cash and a big acquisition: the Royal Palm. That venture went badly, and now Mitchell faces federal charges of bank […]
Fraud Study Shows Importance of Competence, Ethics by Bank Systems & Technology
Tuesday, May 18th, 2010
Fraud Study Shows Importance of Competence, Ethics by Bank Systems & Technology
Fraud Study Shows Importance of Competence, Ethics
Tags: Mortgage Fraud, Risk Management, Appraisal Institute, Lending, Competence, Ethics,
By Matt Gunn More from this author April 26, 2010
CHICAGO, April 26, 2010 — A new study indicating reports of mortgage fraud in the United States increased 7 percent […]
Mortgage fraud flourishes | Philadelphia Inquirer | 05/09/2010
Tuesday, May 18th, 2010
Mortgage fraud flourishes | Philadelphia Inquirer | 05/09/2010
Mortgage fraud flourishes
By Al Heavens
Inquirer Real Estate Columnist
With fewer loans being made, you’d think mortgage fraud would be virtually nonexistent.
Yet recent data from the Lexis-Nexis Mortgage Asset Research Institute in Chicago show that the incidence of fraud in 2009 increased 7 percentage points over 2008’s levels. In 2008, […]
Ex-Cubs players sue after alleged real estate scam
Tuesday, May 18th, 2010Ex-Cubs players sue after alleged real estate scam | abc7chicago.com
x-Cubs players sue after alleged real estate scam
Wednesday, May 05, 2010
May 5, 2010 (CHICAGO) (WLS) — Two former Cub players claim they were victims of a multi-million dollar securities and real estate scam.
According to Sports Illustrated, Cliff Floyd and Rondell White have filed a lawsuit against […]
Mortgage ‘rescuer’ preyed on immigrants, clients allege - Chicago Tribune
Monday, May 3rd, 2010Mortgage ‘rescuer’ preyed on immigrants, clients allege - Chicago Tribune
Mortgage ‘rescuer’ preyed on immigrants, clients allege
Immigrants sue and say they were misled into surrendering deeds to their homes
May 02, 2010|By Antonio Olivo, Tribune reporter
The accusations that have piled up against Eliseo Carrillo run counter to the image the Chicago entrepreneur cultivated as a champion of […]
Investors Charged With Real Estate Fraud
Thursday, June 18th, 2009Investors Charged With Real Estate Fraud - Money News Story - KETV Omaha
Investors Charged With Real Estate Fraud
Gerald, Judith Williams Accused Of Falsifying Documents
OMAHA, Neb. — The United States Attorney’s Office said two Omaha real estate investors conspired to defraud mortgage lenders and title companies for their own personal gain.
The indictment alleged that Gerald and […]
IDENTIFICATIONS ON A SECTION 1031 EXCHANGE
Thursday, June 18th, 2009Blog1031.com: IDENTIFICATIONS ON A SECTION 1031 EXCHANGE
IDENTIFICATIONS ON A SECTION 1031 EXCHANGE
One of our prospective clients asked a provoking question. After he closes on the sale of his relinquished property in a Section 1031 exchange, he understands that he only has 45 days to identify what he would like to purchase as his […]
Slowdown in SEZs
Thursday, June 18th, 2009Slowdown in SEZs
Slowdown in SEZs
June 18, 2009
When the Board of Approval for special economic zones (SEZs) meets on Friday, liaison and corporate affairs executives will jostle for space in the narrow corridors on the ground floor of Udyog Bhavan, which houses the commerce department. In stark contrast to last year, however, few of them […]
Mortgage Fraud to Me - Liars Loans - Sellers “Contribution”
Thursday, June 18th, 2009Confessions of a Realtor - Real Estate Whistleblower: Mortgage Fraud to Me - Liars Loans - Sellers “Contribution”
Mortgage Fraud to Me - Liars Loans - Sellers “Contribution”
Liars Loans they called them whereby you got to State Your Own income. These loans were Perfect for many consumers who could NOT otherwise afford a home. the Problem […]
Investors Charged With Real Estate Fraud - Omaha News Story - KETV Omaha
Thursday, June 18th, 2009Investors Charged With Real Estate Fraud - Omaha News Story - KETV Omaha
Investors Charged With Real Estate Fraud
Gerald, Judith Williams Accused Of Falsifying Documents
The indictment alleged that Gerald and Judith Williams made false statements and produced fake documents over a 21-month period between January 2005 and October 2006.
The documents, the indictment said, were used to […]
Philadelphia Man Sentenced for Mortgage Fraud and Identity Theft
Thursday, June 18th, 2009Philadelphia Man Sentenced for Mortgage Fraud and Identity Theft | RealEstateRama U.S. States
Philadelphia Man Sentenced for Mortgage Fraud and Identity Theft
Posted by Pennsylvania RealEstateRama
June 17, 2009
PHILADELPHIA, PA June 16, 2009 - (RealEstateRama) - Mahn Huu Doan, a/k/a “Bruce Doan”, 40, of Philadelphia, was sentenced today to 151 months in prison for a massive mortgage fraud […]
Lawyers for investors say some documents indicate that Ruth Madoff may not have known of her husband’s Ponzi scheme
Thursday, June 18th, 2009Lawyers for investors say some documents indicate that Ruth Madoff may not have known of her husband’s Ponzi scheme — Newsday.com
Some files hint Ruth Madoff may not have known of fraud
BY ANTHONY M. DESTEFANO | anthony.destefano@newsday.com
9:18 PM EDT, June 17, 2009
What did Ruth Madoff know about her husband’s massive Ponzi scheme […]
Barwa Confirms It Loaned Money to Tannenbaum Company
Thursday, June 18th, 2009Barwa Confirms It Loaned Money to Tannenbaum Company (Update1) - Bloomberg.com
Barwa Confirms It Loaned Money to Tannenbaum Company (Update1)
By Robert Tuttle
June 18 (Bloomberg) — Barwa Real Estate Co., Qatar’s second-largest property developer, said it had given a revolving credit facility to a company controlled by Barry Tannenbaum, who is being probed for what may be […]
Conditional sentence for fraud against local realtor
Thursday, June 18th, 2009Conditional sentence for fraud against local realtor - The Sudbury Star - Ontario, CA
Conditional sentence for fraud against local realtor
Posted By BOB VAILLANCOURT, THE SUDBURY STAR
A verbal battle of over who was hurting who was staged in a Sudbury courtroom Wednesday when a local real estate agent tried to tell a court how the personal […]
Locklear Electric files two new class actions over unsolicited faxes
Thursday, June 18th, 2009Locklear Electric files two new class actions over unsolicited faxes | Madison/St. Clair Record
Locklear Electric files two new class actions over unsolicited faxes
6/18/2009 7:45 AM
By Kelly Holleran
Locklear Electric in Wood River
A Wood River electric company has filed two new separate class action lawsuits against a chiropractor’s office and a real estate company, alleging the office […]
Brooklyn Man Masqueraded As Dead Mother In Scam
Thursday, June 18th, 2009North Country Gazette » Brooklyn Man Masqueraded As Dead Mother In Scam
Brooklyn Man Masqueraded As Dead Mother In Scam
Posted on Thursday, 18 of June , 2009 at 7:52 am
BROOKLYN—Two Brooklyn men have been charged in an elaborate fraud which included the theft of a Park Slope townhouse, Social Security benefits, and social service payments, and […]
Fortune Wins Landmark Case against Ayat (Page 1 of 1)
Tuesday, June 16th, 2009allAfrica.com: Ethiopia: Fortune Wins Landmark Case against Ayat (Page 1 of 1)
Ethiopia: Fortune Wins Landmark Case against Ayat
Abiy Wendifraw
Independent News & Media Plc (INMP), publishers and distributors of Fortune, a business English weekly, appeared victorious late last week in a landmark legal battle against Ayat Share Company, a pioneering and giant real estate developer in […]
Former Southwest Exchange chief accepts plea deal
Tuesday, June 16th, 2009Las Vegas Business Press :: News : Former Southwest Exchange chief accepts plea deal
Former Southwest Exchange chief accepts plea deal
BY JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
Donald McGhan, 75, the former chairman of a financial company that failed while owing $95 million to real estate investors, pleaded guilty in federal court on June 8 to four counts […]
Law.com - Insurer Blames N.J. Lawyer for Blot on Title
Tuesday, June 16th, 2009Law.com - Insurer Blames N.J. Lawyer for Blot on Title
Insurer Blames N.J. Lawyer for Blot on Title
Suit shows that rubber-stamping title commitments can be dangerous
Henry Gottlieb
New Jersey Law Journal
June 16, 2009
A venerable title insurance company has done something unusual in New Jersey, and lawyers aren’t likely to applaud.
Chicago Title Insurance Co. filed a malpractice claim […]
Fraud lawsuit filed against Heritage Oaks Bank and Stewart Title on Cal Coast News
Tuesday, June 16th, 2009Fraud lawsuit filed against Heritage Oaks Bank and Stewart Title on Cal Coast News
Fraud lawsuit filed against Heritage Oaks Bank and Stewart Title
Posted: Monday, June 15, 2009 8:28 pm
By KAREN VELIE
Investors have filed a lawsuit alleging Stewart Title and Heritage Oaks Bank (HOB) aided and abetted and/or conspired with […]
Courthouse News Service
Tuesday, June 16th, 2009Courthouse News Service
Father & Son Accused of Bank Fraud
By JOE HARRIS
ShareThis
ST. LOUIS (CN) - A father and son were indicted on federal charges of bank fraud and money laundering. Gary Rickert, 64, and Brian Rickert, 29, face five felony counts of bank fraud, three felony counts of money laundering and forfeiture. […]
Corruptocrat Chris Dodd caught lying again
Saturday, June 13th, 2009Michelle Malkin » Corruptocrat Chris Dodd caught lying again
Corruptocrat Chris Dodd caught lying again
By Michelle Malkin
Chris Dodd’s cottage in Ireland, a joint purchase facilitated by crony contributor and convicted insider trader Edward Downe, is magical.
Watch it magically appreciate:
A new appraisal more than doubles the value of U.S. Sen. Christopher […]
Maldrobe Warfunctions - Fraud is relative
Saturday, June 13th, 2009Maldrobe Warfunctions - Fraud is relative
Fraud is relative
To steal a Presidential election in the United States, the vote has to be damn close to begin with. And then maybe, maybe you can steal it. But fake a healthy margin? Like a 10% margin? No dice. The exit polling would be enough to get you caned. […]
Ogun State Land Scare! Government Blackmails Estate Developers, Land Owners
Saturday, June 13th, 2009Ogun State Land Scare! Government Blackmails Estate Developers, Land Owners - Fortune and Class
Ogun State Land Scare! Government Blackmails Estate Developers, Land Owners
Jun 13th, 2009 | By Editor-in-Chief | Category: Business News
Who is smiling now?
Who is smiling now?
Last Monday, 8 June, 2009, the Ogun State Bureau of Lands and Survey, under the insignia of the […]
Mortgage nightmare | HVCC appraisal regulation
Saturday, June 13th, 2009Mortgage nightmare | HVCC appraisal regulation
Mortgage nightmare
June 12, 2:34 PM
If you thought the low rates and tax incentives would quell the storm in the Mortgage and Real Estate market, think again. With the implementation May 1, 2009 of the Home Valuation Code of Conduct (HVCC) regulations, loan officers and realtors are no longer allowed […]
Three arrested on theft, fraud charges
Saturday, June 13th, 2009Three arrested on theft, fraud charges - DailyBulletin.com
Three arrested on theft, fraud charges
Created: 06/12/2009 04:14:32 PM PDT
RANCHO CUCAMONGA - A 51-year-old man has been arrested on suspicion of real estate fraud.
Richard Nazabal, 51, was arrested without incident on on June 4 at his house in Rancho Cucamonga, according to the San Bernardino County Real Estate […]
Sour housing market breeds fraud
Saturday, June 13th, 2009INT: Sour housing market breeds fraud
Sour housing market breeds fraud
INLAND EMPIRE–As housing become more unaffordable, new dimensions of real estate fraud are surfacing.
A Rancho Cucamonga real estate agent and has been ensnared in a scheme that defrauded scores of people.
Prosecutors say that for nearly two years, Richard Nazabal ran a home renovation scheme in which […]
The Still Over-Leveraged Consumer | The Big Picture
Wednesday, June 10th, 2009The Still Over-Leveraged Consumer | The Big Picture
The Still Over-Leveraged Consumer
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By Barry Ritholtz - June 9th, 2009, 6:53AM
One of the primary reasons I am not a big believer in the green shoots thesis is due to the fragile financial condition of the Consumer.
Despite spending less time at the mall, throttling […]
Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS - Bloomberg.com
Wednesday, June 10th, 2009Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS - Bloomberg.com
Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS
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By David Voreacos
June 8 (Bloomberg) — California billionaire Igor Olenicoff had already invested $200 million with UBS AG in 2001 when his Swiss […]
DA eyes ‘mortgage modification’ firms | eyes, firms, modification - Local News - Victorville Daily Press
Wednesday, June 10th, 2009DA eyes ‘mortgage modification’ firms | eyes, firms, modification - Local News - Victorville Daily Press
DA eyes ‘mortgage modification’ firms
June 8, 2009 - 8:34 AM
PATRICK THATCHER Staff Writer
VICTORVILLE • Mortgage modification — reducing monthly payments, interest rate and sometimes even the principal balance — sounds like the answer to a prayer for many homeowners in […]
Co-owner of Paso Robles-based Real Property Lenders files for bankruptcy - Business - San Luis Obispo
Wednesday, June 10th, 2009Biz Buzz: Co-owner of Paso Robles-based Real Property Lenders files for bankruptcy - Business - San Luis Obispo
Co-owner of Paso Robles-based Real Property Lenders files for bankruptcy
Co-owner of defunct Real Property Lenders and her business partner face five civil suits, a criminal probe and allegations of fraud
Tamara Jordan, a mortgage broker and co-owner of Paso […]
Former Southwest Exchange boss accepts plea deal - Business - ReviewJournal.com
Wednesday, June 10th, 2009Former Southwest Exchange boss accepts plea deal - Business - ReviewJournal.com
Former Southwest Exchange boss accepts plea deal
By JOHN G. EDWARDS
LAS VEGAS REVIEW-JOURNAL
Donald McGhan, left, Monday talks to attorney Mark Dzarnoski as they head to federal court, where the former Southwest Exchange boss pleaded guilty to four counts of wire fraud in a plea deal.
Photo by […]
Hilco Real Estate Names Chicago-Area Investor as Stalking Horse Bidder on Wextrust Property in Elmhurst, Illinois
Wednesday, June 10th, 2009Hilco Real Estate Names Chicago-Area Investor as Stalking Horse Bidder on Wextrust Property in Elmhurst, Illinois
Hilco Real Estate Names Chicago-Area Investor as Stalking Horse Bidder on Wextrust Property in Elmhurst, Illinois
June 18th Set As Deadline For Submission of Competing Bids
NORTHBROOK, lll.–(BUSINESS WIRE)–Hilco Real Estate has reached an agreement with a local investor to sell a […]
Stanford asks judge to reject real estate sale plan | Business | Chron.com - Houston Chronicle
Wednesday, June 10th, 2009Stanford asks judge to reject real estate sale plan | Business | Chron.com - Houston Chronicle
Stanford asks judge to reject real estate sale plan
Bloomberg News
June 9, 2009, 8:14AM
R. Allen Stanford, accused of swindling investors in an $8 billion Ponzi scheme, asked the judge overseeing his civil fraud case to reject a receiver’s plan to sell […]
California Real Estate Fraud Report » Blog Archive » Who Would’ve Thought
Monday, June 8th, 2009California Real Estate Fraud Report » Blog Archive » Who Would’ve Thought: Real Estate Fraud and Mortgage Fraud in the San Fernando Valley
Who Would’ve Thought: Real Estate Fraud and Mortgage Fraud in the San Fernando Valley
No news to honest real estate professionals, home buyers and sellers: the San Fernando Valley is “awash” in real estate […]
Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS
Monday, June 8th, 2009Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS — Signs of the Times News
Billionaire Tax Felon Says UBS Lied in Pledge to Report to IRS
David Voreacos
Bloomberg
Mon, 08 Jun 2009 12:46 UTC
California billionaire Igor Olenicoff had already invested $200 million with UBS AG in 2001 when his Swiss bankers ushered him to […]
Stabroek News - T&T sleuth finds crafty CLICO scam
Monday, June 8th, 2009Stabroek News - T&T sleuth finds crafty CLICO scam
T&T sleuth finds crafty CLICO scam
By Stabroek staff | June 8, 2009 in Local News
The Trinidad Sunday Express yesterday reported that forensic investigator Robert Lindquist has uncovered what is being described as an elaborate scheme within the CL Financial Group, where annuities, with attractive returns, were […]
Six Ways the Financial Bailout Scams Taxpayers
Tuesday, May 26th, 2009Six Ways the Financial Bailout Scams Taxpayers — Signs of the Times News
Six Ways the Financial Bailout Scams Taxpayers
Andy Kroll
TomDispatch
Tue, 26 May 2009 11:00 UTC
“He ate lunch with senior executives from Citigroup, Goldman Sachs and Morgan Stanley at the Four Seasons restaurant or in their corporate dining rooms. He attended casual […]
How much can you offer on Short Sale homes?? « bestdamnblogintheland.com
Tuesday, May 26th, 2009How much can you offer on Short Sale homes?? « bestdamnblogintheland.com
How much can you offer on Short Sale homes??
We are looking to purchase a home that is currently being sold as a short sale. It was listed for $155,000 and now being listed as a short sale for $139,900. With the housing market being SO […]
US Mortgage Bank: US Mortgage Bank: Bailout, Mortgage Fraud- BB&T Bank, Predatory …
Tuesday, May 26th, 2009US Mortgage Bank: US Mortgage Bank: Bailout, Mortgage Fraud- BB&T Bank, Predatory …
US Mortgage Bank: Bailout, Mortgage Fraud- BB&T Bank, Predatory …
Bailout, Mortgage Fraud- BB&T Bank, Predatory Lending, Subprime … Predatory Lending, Mortgage Fraud,Real Estate,Foreclosure,Subprime,FBI,FDIC,Bailout, Judicial Injustice,Value inflated 136%, BB&T Bank,loan, congress,Mortgage news by …Mortgage news by buratino
Ontario Real Estate: Agent’s Obligation to Protect Public from Mortgage Fraud
Tuesday, May 26th, 2009Ontario Real Estate: Agent’s Obligation to Protect Public from Mortgage Fraud
Agent’s Obligation to Protect Public from Mortgage Fraud
By Brian Madigan LL.B.
An agent is not able to simply discount the interests of the public. A real estate agent has a general duty to act professionally and protect the public from mortgage fraud.
That was the lesson learned […]
Audit reveals tax fraud in real estate
Tuesday, May 26th, 2009Audit reveals tax fraud in real estate
Audit reveals tax fraud in real estate
ISTANBUL - Despite being relatively unscathed by the crisis thanks to luxury home sales, tough times may be awaiting the construction industry: Finance Ministry officials have discovered that many have evaded paying their taxes.
It turns out that many large construction companies have been […]
Detroit Foreclosure Houses
Monday, May 25th, 2009Detroit Foreclosure Houses
Detroit Foreclosure Houses
Detroit
Detroit means ‘strait’. Detroit City is the largest in Michigan State and is located in Wayne County. It is a port city on the River Detroit. The name of Detroit is synonymous with the automobile industry and has come to be known as The Motor City. During the first years of […]
The Great Traffic Scam
Monday, May 25th, 2009Consulting Pulse: The Great Traffic Scam
The Great Traffic Scam
Ever since medieval shopkeepers have hung signs on nearby trees advertisers and marketers alike have been fascinated with the prospect of generating traffic. Traffic building was a fine art designed to drive people through your store.
And they came. traffic builders were great for producing exactly what they […]
Buying Foreclosure Lists | Real Estate Information
Monday, May 25th, 2009Buying Foreclosure Lists | Real Estate Information
Buying Foreclosure Lists
There are many people taking advantage of others that are looking for low priced homes that they can get at a great price. They may have qualified at a low price so they want the biggest house possible for their price. This prompts them into buying foreclosure […]
Viet Nam News
Monday, May 25th, 2009Viet Nam News
Property tax law tipped to stop real estate speculation
(23-05-2009)
Nguyen Minh Phong, from the Ha Noi Socio-Economic Development Research Institute, spoke to the Hai quan (Customs) newspaper about the draft House and Land Tax Law.
There have been a number of residential property tax policies, such as registration taxes and transfer taxes. Why is it […]
First Bank brushed off their better offer, local investors say
Monday, May 25th, 2009First Bank brushed off their better offer, local investors say
First Bank brushed off their better offer, local investors say
Listen to this article or download audio file.Click-2-Listen
By Jeff Ostrowski
Sunday, May 24, 2009
Two dissident shareholders in First Bank of the Palm Beaches are unhappy with the bank’s decision to sell a 75 percent stake to a Miami […]
Bust and blunder over Internet car scam
Monday, May 25th, 2009Bust and blunder over Internet car scam
Bust and blunder over Internet car scam
Phillip Matier,Andrew Ross
Bell, 34, is accused of using the online classified-ad site to lure car buyers, who were told to bring cash, to upscale East Bay neighborhoods - then jumping out of the bushes in a ski mask and robbing them at gunpoint.
The […]
Charting ‘Too Big to Fail’
Monday, May 25th, 2009Charting ‘Too Big to Fail’ — Seeking Alpha
Charting ‘Too Big to Fail’ 5 comments
by: Tyler Durden May 25, 2009
The recent addition of legacy loans to TALF caused CMBX spreads to turn on the nitrous and rip like all the commercial real estate concerns over the past 6 months have disappeared especially […]
NY Media Examiner: Trump’s magazine folds
Saturday, May 23rd, 2009NY Media Examiner: Trump’s magazine folds
Trump’s magazine folds
May 20, 8:48 AM · Add a Comment
Trump Magazine
Donald Trump apparently had a magazine that lasted about two years. It has folded this week. The media mogul who owns more real estate complexes than most people and wears a toupee or a birds nest on his head confirmed […]
