A Marin County, California, mortgage broker pleaded guilty last month to 14 federal counts related to a $2.4 million scheme to defraud investors. california mortgage broker pleads guilty to $2.4M.
A federal jury convicted a Huntington Beach man for leading a “builder bailout” real estate scheme that. to commit bank fraud and wire fraud, five counts of wire fraud and two counts of tax evasion.
Silver Bay Realty records 4% growth, but reports loss of $44.9 million National MI, capital markets cooperative announce partnership National MI to Host Mortgage Leadership Roundtable in OrlandoCapital Markets Cooperative and fannie mae representatives are among the speakers who will discuss a variety of hot topics relevant to."As we move into our peak leasing season, we are experiencing robust rental demand and are pleased to report that our aggregate portfolio occupancy climbed nearly 500 basis points to 97% year-over-year," said Thomas W. Brock, Silver Bay’s Interim Chief Executive Officer. "We generated a 58%
Mahyar Mohases, 33, of Irvine, California, pled guilty to one count of conspiracy to commit wire fraud and one count of wire fraud. Abghari, Romano, and Mohases are scheduled to be sentenced in the coming months.
Chronos Solutions helps lenders manage costs amid rising interest rates S&P settles with SEC for $58 million over bond ratings fraud Future plans of investors in private real estate Technology is a constantly developing tool. It is having a huge influence in many, if not all, spheres of our lives, including real estate investments. Yet, we cannot be certain where the future will lead us. What we actually can do is review the current technological developments and assume what else might happen with them in the near future, with regards to the future of real estate investing.The risk of rising interest rates can’t be evaluated in a vacuum, but must be considered as part of an appropriate risk management plan based on each company’s particular situation and risk tolerance, according to Jeff Messner, managing director in financial risk management at SunTrust Robinson Humphrey.Sterne Agee lowers and suspends estimates on Ocwen’s debt refi Servicing our debt requires a significant amount of cash, and we may not have sufficient cash flow from our business to pay our substantial debt. Our ability to make scheduled payments of the principal of, to pay interest on or to refinance our indebtedness, including the Notes, depends on our future performance, which is subject to economic.
Stockton Man Sentenced to Three Years in Prison for His Participation in a Large-Scale Mortgage Fraud Scheme. Arthur Change Menefee of Stockton was sentenced to three years in prison and ordered to pay over $5 million in restitution for mortgage fraud.
Schenk pleaded guilty on September. In addition to this investment fraud scheme, Schenk also admitted to using the identity of one of the investors without his knowledge and fraudulently obtained a.
Home Kansas City Press Releases 2012 California Man Pleads Guilty to $8.5 Million Mortgage Fraud Scheme Info This is archived material from the Federal Bureau of Investigation (FBI.
A California man who participated in a mortgage fraud scheme that resulted in losses to lenders of approximately .5 million has plead guilty to a charge of conspiracy to commit wire fraud.
Pedram Abghari, a/k/a "Ted Allen," 38, of Irvine, California, pled guilty to one count of conspiracy to commit wire fraud and one count of wire fraud, each of which carries a statutory maximum sentence of 20 years in prison, and one count of misprision of a felony, which carries a statutory maximum sentence of three years in prison.
In California, the basic criminal statute that may be used to prosecute various forms of real estate fraud or mortgage fraud is Penal Code 487 PC, California’s "grand theft" law. 11 Real estate fraud can be considered a form of "theft by false pretenses"-which is a similar concept to fraud. 12
Frederick Darren Berg, the biggest fraud. wanted man. Berg, 55, disappeared Wednesday from a California federal prison, where he was serving an 18-year prison term imposed in 2012. Berg stole about.