edited by: Tracy Coenen,
Fraud Editor
In the following press release the Office of the United States Attorney for the District of Arizona announced that Jeffrey Todd Crandell, 33, of Mesa, Ariz., pleaded guilty on November 9, 2009, to six counts of Bank Fraud for his role in a mortgage fraud scheme. Sentencing will take [...]
In the following press release Florida Attorney General Bill McCollum today announced that his office has filed a lawsuit against two Central Florida companies and their owner over allegations they charged up-front fees for foreclosure rescue-related services. National Payment Modification Company and The Bostonian Group, LLC, which conducts business [...]
In the following press release Sonoma County (CA) District Attorney Stephan Passalacqua announced today that Juan Carlos Alcala, age 32, of Windsor, plead no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering, and elder fraud. By his pleas, Alcala admitted [...]
In the following press release Carlsbad Police Department announced that it has arrested two men believed to be responsible for an investment fraud scheme dating back to as early as 2001. Alan Espiritu, age 35, and Cesar Moreno, age 40, were both arrested by Carlsbad Police at their residences [...]
The following article has been reproduced by kind permission of the Caribbean Business
Puerto Rican singer Aldo Matta was among the suspects rounded up by federal authorities Tuesday morning in connection with a purported $14 million mortgage fraud scheme allegedly masterminded by local developer Joseph McCloskey Díaz.
McCloskey [...]
The US Securities and Exchange Commission says it will investigate allegations that former Ferris, Baker Watts Inc. general counsel Theodore W. Urban did not properly supervise Stephen Glantz. In 2007, Glantz, who was employed by Ferris for almost thee years, pleaded guilty to lying to law enforcement officials and [...]
In the following press release the Los Angeles District Attorney’s office announced that two men were charged today with multiple felony counts in connection with the beating and torture of a pair of loan modification agents.
Deputy District Attorney Norma Serna of the Glendale Area Office [...]
In many instances, the impact of the allegations in an SEC enforcement action reach beyond the immediate claims in the suit. Rivelli v. Twin City Fire Ins. Co., Case No. 08-1480 (10th Cir. Decided Oct. 26, 2009) is a case where the plaintiffs were not only named as defendants in [...]
In the following press release New Jersey Attorney General Anne Milgram announced that a Ewing couple and their real estate firm were indicted on charges they stole more than $600,000 from home sellers in connection with 11 home sales. They are also charged with defrauding three mortgage companies of $641,800 [...]
