A press release from the U.S. Attorney’s Office: U.S. Attorney’s Office Charges Suburban Mortgage Brokers with Fraud for Allegedly Controlling Property Appraisals in Scheme to Defraud Lenders CHICAGO — The U.S. Attorney’s Office in Chicago has charged two suburban mortgage … Continue reading
Category Archives: Mortgage Fraud
A press relese from the U.S. Attorney’s Office: Disbarred Illinois Attorney Sentenced to More Than Four Years in Prison for Deceiving Homeowners in Mortgage Fraud Scheme CHICAGO ― A disbarred Illinois lawyer has been sentenced to more than four years … Continue reading
A press release from the U.S. Attorney’s Office: LAKE COUNTY MAN INDICTED IN ALLEGED $3.2 MILLION MORTGAGE FRAUD SCHEME INVOLVING PROPERTIES IN CHICAGO’S ENGLEWOOD COMMUNITY CHICAGO — A Lake County man who operated two real estate–related firms was indicted on federal … Continue reading
A press release from the U.S. Attorney’s Office: TEN DEFENDANTS INDICTED IN ALLEGED $14.5 MILLION MORTGAGE FRAUD SCHEME THAT RESULTED IN $8 MILLION LOSS TO LENDERS CHICAGO ― Ten defendants, including five licensed loan originators, were indicted for allegedly participating … Continue reading
A press release from the U.S. Attorney’s Office: TWO ATTORNEYS AMONG FOUR DEFENDANTS INDICTED IN TWO SEPARATE MORTGAGE FRAUD SCHEMES INVOLVING SOUTH SIDE PROPERTIES CHICAGO — Two attorneys are among four defendants who have been indicted in two separate mortgage … Continue reading
A press release from the U.S. Attorney’s Office: EX-LOAN OFFICER SENTENCED TO 12½ YEARS IN PRISON FOR MORTAGE FRAUD SCHEME INVOLVING DOZENS OF SOUTH SIDE PROPERTIES CHICAGO — A former loan officer was sentenced today to more than 12½ years … Continue reading
The U.S. Attorney’s Office continues to roll out press releases about enforcement actions. The latest is below: TWO CHICAGO LAWYERS AMONG FOUR DEFENDANTS SENTENCED TO PRISON FOR ROLES IN MULTI-MILLION DOLLAR MORTGAGE FRAUD SCHEME CHICAGO — Four defendants, including two … Continue reading
A press release from the U.S. Attorney’s Office: ATTORNEY AMONG FOUR DEFENDANTS INDICTED IN ALLEGED $16.2 MILLION MORTGAGE FRAUD SCHEME INVOLVING AT LEAST 35 RESIDENTIAL LOANS CHICAGO — Four defendants — an attorney a loan originator a mortgage broker a … Continue reading
A press release from the U.S. Attorney’s Office: THREE DEFENDANTS INDICTED IN ALLEGED $750,000 MORTGAGE FRAUD SCHEME INVOLVING THREE RESIDENCES IN CHICAGO CHICAGO — A Chicago area real estate investor, the president of a Colorado real estate financing company, and … Continue reading
A press release from the U.S. Attorney’s Office: SEVEN DEFENDANTS INDICTED IN ALLEGED $8.8 MILLION MORTGAGE FRAUD SCHEME INVOLVING 35 CONDOMINIUM LOANS IN CHICAGO CHICAGO — Seven defendants, including a Streamwood man who co-owned a Chicago condominium building and two … Continue reading
A press release from the U.S. Attorney’s Office: McHENRY COUNTY BUSINESSMAN PLEADS GUILTY TO $7 MILLION FRAUD ROCKFORD — A Woodstock, Ill., man pleaded guilty today in federal court in Rockford to conducting a $7 million mail fraud scheme. Francis … Continue reading
Still another press release about legal action by Chicago’s U.S. Attorney’s Office against those who commit financial fraud: FIVE DEFENDANTS INDICTED IN ALLEGED $15.7 MILLION MORTGAGE FRAUD SCHEME TO HELP FINANCE FAILED NORTH SHORE DEVELOPMENT CHICAGO — Three partners in … Continue reading
If you want to understand how the mortgage mess kept on going. Here’s a paragraph written by a liberal that appeared in a Slate article. “These documents, from Clayton Holdings, a due diligence company retained by the banks, reveal that … Continue reading
On a slow Memorial Day Weekend, I thought you might be interested in the early May press release from the U.S. Attorney’s office in Milwaukee: Five People Charged in $14 Million Mortgage Fraud Acting United States Attorney Michelle L. Jacobs … Continue reading
U.S. Attorney Patrick Fitzgerald issued a press release today implicating two Round Lake Beach Residents. This continues the Chicago-area effort to attack the supply side of the mortgage fraud scandal. The details follow: SIX AREA DEFENDANTS INDICTED IN ALLEGED$10 MILLION … Continue reading
U.S. Attorney Patrick Fitzgerald issued a press release today implicating two Round Lake Beach Residents. This continues the Chicago-area effort to attack the supply side of the mortgage fraud scandal. The details follow: SIX AREA DEFENDANTS INDICTED IN ALLEGED$10 MILLION … Continue reading