Lee Farkas could get life for a 3 billion dollar fraud

Lee Farkas, the former chairman of Taylor, Bean and Whitaker Mortgage Corp., was found guilty on all 14 charges stemming from a seven-year, multibillion-dollar fraud scheme that led to the collapse of his firm and Colonial Bank. Farkas may be sentenced to life in prison. Farkas transformed the Ocala, Fla.-based mortgage company into the largest [...]

Fraud Bytes Newscast Q2

The second quarter Fraud Bytes Newscast from Interthinx covers more industry news. Emerging schemes, Fraud in servicing, Reverse Mortgage Fraud and issues concerning Technology.

Did Goldman Commit Fraud?

Katie Couric speaks with Janet Tavakoli, a financial expert on investments known as derivatives, about the recent SEC lawsuit filed against Goldman Sachs over default mortgage loans.

Amazing Case of Loan and Mortgage Fraud

Loan and mortgage fraud is becoming big business across the country and crooks continue to find new ways to take advantage of almost anyone and steal any identity. Eyewitness News has uncovered an amazing case that involves a victimized grandmother in San Diego, a failing Los Angeles loan company and a Las Vegas man who [...]

Man Gets 70-Months For Mortgage Fraud

Man Gets 70-Months For Mortgage Fraud
A former loan officer for a New Jersey mortgage company has been sentenced to 70 months in federal prison for his role in a mortgage fraud and property-flipping scheme.
Read more on My9 WWOR-TV New Jersey

NC woman accused of $1.5 million in Medicaid fraud

NC woman accused of $1.5 million in Medicaid fraud
CHARLOTTE, N.C. (AP) — A Gaston County woman has been arrested and accused of defrauding Medicaid of nearly $1.5 million.
Read more on The Daily Reflector

Las Vegas Lawyer, Mortgage Loan Officer Indicted On Fraud Charges

Las Vegas Lawyer, Mortgage Loan Officer Indicted On Fraud Charges
A loan officer and a longtime Las Vegas lawyer have been indicted in a mortgage fraud case, the U.S. attorney’s office announced Thursday. Attorney Stanley Walton, 52, and loan officer Pamela Black, 62, were indicted Wednesday on one count of conspiracy
Read more on Las Vegas Review-Journal

Investors allege massive fraud by Countrywide

Investors allege massive fraud by Countrywide
A lawsuit alleges Countrywide Financial Corp. and two of its former executives misled institutional investors who were stuck with huge losses from mortgage-related investments that they say were portrayed as low-risk.
Read more on AP via Yahoo! News

Man sentenced in fraud case

Man sentenced in fraud case
A Hutchinson man who masterminded a $3 million mortgage fraud scheme has been sentenced to four year …
Read more on Hutchinson News

AG Holder pressed on FBI’s mortgage fraud focus

AG Holder pressed on FBI’s mortgage fraud focus
Attorney General Eric Holder told a commission investigating the financial crisis on Thursday he would find out whether anything was done in response to an FBI warning in 2004 of an “epidemic of mortgage fraud” that could plunge the country into financial collapse.
Read more on AP via Yahoo! [...]

Next Page »