Four people involved in a mortgage loan fraud scheme centered in central Contra Costa involving at least 20 properties and more than $20 million in loans were sentenced Thursday to between 18 and 30 months in prison.
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Four in East Bay senior home mortgage fraud scheme receive prison sentences
Posted by mortgage 10 days ago (Editorial)
Former Conway home seller, mortgage broker sentenced in real estate fraud case
Posted by mortgage 20 days ago (Editorial)
Former Conway manufactured home dealer Glenn Vaught and his mortgage broker accomplice, Michael Fortenberry, will spend the next three years in federal prison for their roles in a fraud scheme that cost two banks more than $1.5 million and left prospective buyers with six-figure loans on homes that didn?t exist.
Psychology Of Fraud: Why Good People Do Bad Things
Posted by mortgage 21 days ago (Editorial)
Enron, Worldcom, Bernie Madoff ? the past decade has brought us a long parade of headlines involving unethical behavior. And that's led researchers to a disturbing conclusion: The vast majority of us are not only capable of behaving in profoundly unethical ways, but without realizing it, we do it all the time. Exhibit A: the story of Toby Groves.
Dover man sentenced to 21 months in prison for mortgage fraud
Posted by mortgage 31 days ago (Editorial)
Jorge Abbud, 33, of Dover, admitted taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme
Eric Schneiderman, Feds On Defensive About Mortgage Fraud Task Force
Posted by mortgage 33 days ago (Editorial)
It's been a little less than three months since President Barack Obama announced the creation of a new task force to investigate the mortgage and banking industries that wrecked the economy, but some liberal activists are already declaring the effort a "sham."
Blue Chip rep gets home detention for mortgage fraud
Posted by mortgage 41 days ago (Editorial)
A former Blue Chip sales representative has been sentenced to home detention and community service.
Mortgage Fraud Charges Target Execs
Posted by mortgage 70 days ago (Editorial)
Executives at Thornburg Mortgage have been charged with fraud by the SEC.
SEC charges former Thornburg Mortgage execs with fraud
Posted by mortgage 70 days ago (Editorial)
WASHINGTON -- In February 2008, as the mortgage meltdown was creating a crisis at Santa Fe-based Thornburg Mortgage Inc., the chief executive of the big lender wrote an email explaining how he hoped to keep the trouble under wraps, the Securities and Exchange Commission says.
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