Federal officials have arrested 10 people who allegedly were involved in one of the largest mortgage fraud cases in the history of Florida. Feds Make Arrests in $50 Million Mortgage Fraud Scheme.
Florida developer Domenic Rabuffo was sentenced Tuesday to more than 27 years in federal prison for a North Carolina mortgage fraud.
Real Estate Agent gets 27 months for mortgage fraud According to the feds..". U.S. District Judge James K. Bredar sentenced Michael Gerard Camphor, age 60, of Baltimore, to 27 months in prison, followed by three years of supervised release on charges arising from the fraudulent purchase of four properties in Baltimore, using fraudulent loan documentation and straw purchasers, resulting in losses of over.
A Chicago-based company bought a Miami office building and plans to convert the 54-year-old commercial property to co-working space. Novel Coworking said it paid. Co-living development.
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The New York Times today has a marvelously biased front-pager about the city of Richmond, California preparing to use eminent domain to seize as many as 626 homes from mortgage-holders so that.
Convicted of leading a $20 million mortgage fraud scheme in South Beach and Fort Lauderdale, the former mortgage broker, lender and real estate agent has been sentenced to 15 years in prison.
Mortgage Fraud Chief Gets 27 Years In Prison. Three other people convicted in Rabuffo’s trial face sentencing on Oct. 30, and three others previously pleaded guilty and assisted federal prosecutors. trial evidence showed the group defrauded several banks out of lot purchase lands and building loans using fraudulent documents,
Eugene Lockhart, Jr. was sentenced this week by U.S. District Judge Jorge A. Solis to 54 months in federal prison and ordered to pay approximately $2.4 million in restitution following his guilty plea to one count of conspiracy to commit wire fraud, stemming from his leadership role in a massive mortgage fraud scheme that he and others ran in.
A Long Island mortgage broker whose extensive cooperation with investigators helped break open one of the largest and longest-running insider trading frauds ever prosecuted was sentenced to just 2 years and 3 months in prison today, as the sentencing judge praised Kenneth Robinson for helping the FBI make damning secret recordings of his two co-conspirators.
RE Market Update May 2017 Mortgage Masters Group by the Mortgage Banking Group. For years, the mortgage industry has urged the CFPB to issue informal written guidance on the. It may be more than a coincidence that the CFPB has issued the first four FAQs ever addressing TRID.. The report covers the period April 1, 2017 through August 31, 2018.