Mortgage News

Timothy Pearson, 37, Beavercreek, Ohio, was sentenced to serve 20 months in federal prison, followed by three years of supervised release, and ordered to pay $171,211 in restitution to the Internal Revenue Service (IRS) for his role in a mortgage fraud scheme. Pearson had previously been employed as a loan officer at: City Fed Mortgage Company located at 3884 Indian Ripple Road, Beavercreek, Ohio; Tri County Mortgage also located at 3884 Indian …

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Original post by default@goarticles.com (Andy Adams)

James R. Van Putten, doing business as “Please Save My Home” in Conneaut, Ohio, has been sued by the Ohio Attorney General to stop his foreclosure rescue business from continuing to victimize consumers throughout the state. The lawsuit, filed in the Cuyahoga County Court of Common Pleas, alleges that Van Putten violated Ohio’s consumer protection laws by engaging in unfair and deceptive practices. The complaint
alleges violations of the Consumer Sales …

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Original post by default@goarticles.com (M Petrone)

A fifteen count federal grand jury indictment in Cleveland, Ohio, has been unsealed against:
Paul A. Lesniak, 40, Strongsville, Ohio,
Uri Gofman, 36, Beachwood, Ohio,
Grennadiy Simkhovich, 51, Highland Heights, Ohio,
Dave Pirichy, 38, Burton, Ohio and
Howard Sieferd, Jr., 57, Euclid, Ohio.&nbsp

The defendants are charged for their roles in a mortgage fraud scheme; one count …

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Original post by default@goarticles.com (Daniel Collins)

Eric Philpot, 41, Cincinnati, Ohio, was sentenced in United States District Court to 37 months imprisonment for a scheme he ran that defrauded mortgage lenders out of more than $200,000 in less than two years.

As previously reported by Mortgage Fraud Blog, Philpot pleaded guilty on June 17 to one count of mail fraud and one count of conspiracy to commit money laundering. Philpot solicited people to buy residential …

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Original post by default@goarticles.com (Arek Zbikowski)

A fifteen count federal grand jury indictment in Cleveland, Ohio, was returned against Anthony L. Jerdine, 37, Pepper Pike, Ohio, Joseph Jones, 52, Richfield, Ohio who owns and/or controls Alpha Prosperity Project, Inc., Alpha Holdings Group, Inc., Academy Construction and Intelli, LLC, Terry Smith, 34, Cleveland, Ohio, Roberto Baez, 51, Cleveland Heights, Ohio, William J. Werner, d.b.a. The Werner Group, 39, Brecksville, Ohio, Marilyn Mannarino, …

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Original post by default@goarticles.com (Gressly Stevens)

James Mahoney, 57, Mason, Ohio, pleaded guilty in United States District Court to one count of mail fraud affecting a financial institution in connection with his purchase of more than $2.3 million in real estate.

According to a statement of facts filed with Mahoney’s plea, he kept $730,000 from the sale of his house in Middletown, Ohio in 2001 instead of paying off his mortgage and concealed the fact with a …

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Original post by default@goarticles.com (Devora Witts)

Seven defendants (3 individuals and 4 companies) have been indicted for a mortgage fraud scheme involving over 5.8 million dollars in fraudulent loans for 78 houses in the Slavic Village area, Ohio, of which 89% (69 houses) fell into mortgage foreclosure, tax foreclosure, or tax delinquency. 

Mark Kellogg, 38, Fairview Park, Ohio, fraudulently acted as the mortgage broker and was the deal-maker who engaged others to buy and sell houses for …

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Original post by default@goarticles.com (Julian Lim)

James Darneil Gaither, Columbus, Ohio, was indicted in August, 2007 along with eight others charged with conspiracy, tax evasion, wire fraud, bank fraud and money laundering for their roles in a mortgage fraud scheme that involved more than 500 properties and more than $25 million in mortgage loans in the central Ohio area between 2003 and 2006.  Gaither was an appraiser who allegedly helped prepare exaggerated appraisals of the properties. Seven defendants have …

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Original post by default@goarticles.com (Lance Mattingly)

Garrick Feaster, Sarina Elmore, Naketia Johnson, Donte Gibson, Monte Pitts, Crystal Tyler, Anthony Ramsey, Karmen Beckett, Lizrae Benford, Michael Dowdell, Edwin Cain, Richard Turner, and Alfred Jones, Adam DeStefanis, Brian DeStefanis, Steve Sikorski, Angie Rodgers, Shanika Jordan and Richard Putnam have been indicted by the Summit County Grand Jury.  According to media reports, the 106 count indictment covers over 200 charges ranging from engaging in a pattern of corrupt activity, money laundering …

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Original post by default@goarticles.com (Steff X)

Magellan Mortgage Corporation, Columbus, Ohio, Highland Banc, Inc., Columbus, Ohio, and two individuals, a loan officer and an appraiser, were name in a complaint filed by the Ohio Attorney General’s Office and the Ohio Department of Commerce.The complaint alleges unfair, deceptive and unconscionable acts and practices. The complaints were filed in the Franklin County Court of Common Pleas.

The lawsuits against Highland Banc and Magellan Mortgage raise many violations of …

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Original post by default@goarticles.com (Dane Smith)