Mortgage News

Philip Coon, EVP of Coast Bank of Florida, and John Miller, President of American Mortgage Link, were charged for their roles in a fee splitting scheme.  As previously reported by Mortgage Fraud Blog, the scenario involved undisclosed, additional fees charged to Borrowers at closing.  The fees were sometimes ultimately paid by Coast of Bank of Florida, the Borrowers and other, and were then split between Coon and MIller.  …

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Original post by default@goarticles.com (Angella Conrard, Reverse Mortgage Advisor)

Antony Dehaney, 56, Lauderhill and Coral Springs, Florida was sentenced at the Federal Courthouse in Fort Lauderdale, Florida before United States District Court Judge William P. Dimitrouleas to one count of Conspiracy to Commit Mail Fraud and Wire Fraud, in violation of Title 18, United States Code, Section 371, one count of mail fraud in violation of Title 18, United States Code, Section 1341, and one count of Bankruptcy Fraud in violation of Title 18, …

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Original post by default@goarticles.com (Brigitta Schwulst)

Bienvenido “Benny” Benach, Jr., Ramon Puentes, Danny Flores, Rolando Alfonso, Jorge Nobrega, Jorge Arrieta, Sebastian Kishinevsky, and Adriana Cruz, have been charged in a 5 count indictment for a bank fraud scheme that resulted in the approval and disbursement of two home equity loans, totaling approximately $1 million.  As alleged in the indictment, the scheme was directed at Bank of America and Wachovia.  The defendants have …

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Original post by default@goarticles.com (Jackie B)

John Mohan, 38, Delray Beach, Florida, was sentenced to 33 months’ imprisonment.&nbsp As previously reported on Mortgage Fraud Blog, in September, 2008, Mohan pled guilty to a one-count Information charging him with wire fraud in connection with a scheme to misappropriate more than $1.2 million in client funds purportedly held in escrow for authorized real estate transactions and related expenses. 

According to the Information, court documents, and statements made in …

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Original post by default@goarticles.com (Sadhana Dhanyal)

Joseph J. Weisenfeld, a real estate attorney, was sentenced on December 15, 2008 by U.S. District Court Judge Alan Gold to 63 months in prison based, following his guilty plea to wire fraud charges.  The charges stemmed from Weisenfeld’s misappropriation of more than $3 million in client funds purportedly held in escrow for authorized real estate transactions and related expenses.  No fine was imposed, and a restitution hearing is scheduled for January 24, 2009 …

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Original post by default@goarticles.com (sas_larrychrisausb)

Peter Affatati, 39, Coral Springs, Florida, pled guilty to a three-count Information charging him with fraud. 

Peter Affatati pled guilty to orchestrating a $40 million mortgage fraud scheme that involved more than 50 residential mortgages, most in South Florida.  Peter Affatati would use nominee purchasers (commonly referred to as “straw buyers”) of the residential properties.&nbsp As previously reported by Mortgage Fraud Blog, through his company, Assurance Title, …