Archive for the ‘Mortgage Fraud, California’ Category

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FBI Arrests 2 San Diego Mortgage Fraud Fugitives

Thursday, June 26th, 2008

Two mortgage fraud fugitives have been arrested: Angel Armendariz, 27, and Rafael Santiago, 39. The arrests took place in San Diego and Los Angeles, California. Both fugitives were arrested pursuant to a federal arrest warrant involving federal fraud charges.

The first arrest occurred at approximately 8:30 a.m., on June 24, 2008, at the San Diego FBI Office located at 9797 Aero Drive, San Diego. At the time of the arrest, Angel …

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Original post by default@goarticles.com (Yanie Sulzerino)

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California AG Sues Countrywide

Wednesday, June 25th, 2008

California Attorney General Edmund G. Brown Jr. sued Countrywide Financial, its chief executive Angelo Mozilo, and president David Sambol, for engaging in deceptive advertising and unfair competition by pushing homeowners into mass-produced, risky loans for the sole purpose of reselling the mortgages on the secondary market.

“Countrywide exploited the American dream of homeownership and then sold its mortgages for huge profits on the secondary market,” Attorney General Brown said. “The company …

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Original post by default@goarticles.com (Jimmy Chuang)

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FBI Seeks Assistance In Locating Mortgage Fraud Fugitives

Wednesday, June 25th, 2008

The FBI is seeking the public’s assistance to locate three fugitives who are part of the “Operation Malicious Mortgage” investigation. United States Attorney Karen P. Hewitt announced the unsealing of a felony complaint in federal court in San Diego charging six individuals with wire fraud. Rafael Santiago, Abner Betech, Said Betech, Aviva Betech, Angel Armendariz, and Lucette Montane allegedly devised a plan to defraud and to obtain money and property by false and fraudulent …

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Original post by default@goarticles.com (Bryan Burbank)

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SCAM Addresses Mortgage Fraud

Tuesday, June 24th, 2008

A multi-agency task force to address the significant crime problem of mortgage fraud has been established in Los Angeles, announced Salvador Hernandez, Assistant Director in Charge of the FBI in Los Angeles. The SCAM Task Force is the most recent to be added to more than 40 such task forces around the country.

As mortgage fraud crimes continue to have significant ramifications that affect the credit market, the burden on federal law enforcement increases. …

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Original post by default@goarticles.com (Brian Garvin)

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9 Californias Charged In Cash Back Scheme

Monday, June 23rd, 2008

Nine defendants were charged by with mail fraud, money laundering, and related offenses in connection with a “cash back to buyer” mortgage fraud scheme that occurred between May 2006 and September 2006. The defendants charged are:
Joy Johnson, 33;
Elizabeth Carrion, 38;
Lenin and Carmen Galeano, 32 and 30, husband and wife;
Angelito Evangelista, 40;
Clarisa and Cris Ang, …

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Original post by default@goarticles.com (Colin Kidd)

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9 Californians Charged In Cash Back Scheme

Monday, June 23rd, 2008

Nine defendants were charged by with mail fraud, money laundering, and related offenses in connection with a “cash back to buyer” mortgage fraud scheme that occurred between May 2006 and September 2006. The defendants charged are:

Joy Johnson, 33, Solano County, California;

Elizabeth Carrion, 38, Solano County, California;

Lenin Galeano and Carmen Galeano, 32 and 30, husband and wife, Solano County, California;

Angelito …

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Original post by default@goarticles.com (Colin Kidd)

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Woman Charged For Lying to Federal Agents

Monday, June 23rd, 2008

Melissa Villegas, 29, Natomas, California, was arrested in Sacramento after being charged with lying to federal agents. According to the complaint, she had been involved in transactions that were the subject of a mortgage fraud investigation, including paying money to a suspected straw buyer. During the course of the investigation, Villegas falsely stated that she had not paid any money to this other person whom investigators believed to be a straw buyer in a …

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Original post by default@goarticles.com (Colin Kidd)

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Woman Charged For Lying to Federal Agents in Mortgage Fraud Investigation

Monday, June 23rd, 2008

Melissa Villegas, 29, Natomas, California, was arrested in Sacramento after being charged with lying to federal agents.

According to the complaint, she had been involved in transactions that were the subject of a mortgage fraud investigation, including paying money to a suspected straw buyer. During the course of the investigation, Villegas falsely stated that she had not paid any money to this other person whom investigators believed to be a …

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Original post by default@goarticles.com (Colin Kidd)

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Guilty Plea In Scheme to Defraud Long Beach Mtg

Tuesday, June 17th, 2008

William T. Bridge, 41, San Francisco, California entered a guilty plea before United States District Court Judge William B. Shubb in connection with a widespread mortgage fraud scheme centered in the Stockton, California area. Bridge pleaded guilty today to one count of filing a false tax return and three counts of paying illegal kickbacks to a loan coordinator at Long Beach Mortgage, a former subsidiary of Washington Mutual, Inc., in connection …

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Original post by default@goarticles.com (Thomas Iturriaga)

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New Indictment In Scheme To Defraud Long Beach Mtg

Monday, June 16th, 2008

Joel Blanford, 40, San Ramon, California, with six counts of mail fraud and one count of conspiring to engage in money laundering.

According to the indictment, from approximately April 2003 through October 2005, Blanford participated in a scheme to defraud Long Beach Mortgage, a wholesale subprime lender and former subsidiary of Washington Mutual, Inc. While working as a sales representative for Long Beach Mortgage, he paid a Long …

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Original post by default@goarticles.com (Thomas Iturriaga)

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