Mortgage News

Tahir Ali Khan pleaded guilty on November 25th to a four-count superseding Information charging him with conspiracy to commit bank, wire and credit card fraud, and aggravated identity theft. Ali Khan was the lead defendant in a 15 defendant, multi-count Indictment unsealed on August 15, 2007, and is the tenth defendant to plead guilty. According to the Indictment, the Superseding Information, other documents filed in the case, and statements made in court in …

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

Illinois Attorney General Lisa Madigan filed seven new lawsuits against so-called mortgage “rescue” companies and warned consumer about an alarming rise in these scams that prey on vulnerable homeowners on the verge of foreclosure. Madigan filed lawsuits against the following companies in the Circuit Court of Cook County:

National Foreclosure Counseling Services, 7954 Baymeadows Way, Jacksonville, Fla.;
Foreclosure Solutions, 488 Pine Street, Burlington, Wis.;
Homestead Protection Services, …

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Original post by default@goarticles.com (Roy Primm)

Revis Otto Willis, 48, Houston, Texas, a former mortgage broker, has been sentenced to 10 years in federal prison without parole for his leadership role in a multi-million dollar mortgage fraud scheme.

United States District Judge Nancy F. Atlas imposed the 121-month sentence to be followed by a three-year-term of supervised release at a hearing today. Willis was convicted of wire fraud after pleading guilty September 18, 2007. 

Willis …

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Original post by default@goarticles.com (Michael Goldstein and Jill Phillips)

The trial of the United States v. F. Jeffrey Miller began today in the Federal Courthouse in Topeka, Kansas.  Mortgage Fraud Blog is pleased to announce that it will carry daily coverage of the trial proceedings which are being provided by Anne B. Mitchell, Broker/Owner of Crazy Fish Realty in Lake Of The Ozarks, Missouri. You can find the daily reports in the right side column of the blog above …

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

United States Attorney Catherine Hanaway announced the formation of the U.S. Attorney’s Mortgage Fraud Task Force.  The first meeting of the U.S. Attorney’s Task Force on Mortgage Fraud has already taken place at the U.S. Attorney’s office in St. Louis.

“Most of us have learned the hard way that the mortgage industry is a crucial part of our economy and that dishonesty and corruption have damaged the integrity of that industry,” said Hanaway.  “This …