Jun 26, 2018 · Disbarred Attorney Sentenced to 4 Years in Federal Prison in Million-Dollar Mortgage Modification Scam Targeting O.C. Homeowners SANTA ANA, California – A disbarred California attorney who previously pleaded guilty in a mortgage modification scheme that defrauded about 75 distressed Orange County homeowners out of more than $1 million was …
Feb 15, 2022 · In general, the U.S. Sentencing Guidelines recommend a maximum prison sentence of five years for people convicted of bankruptcy fraud in federal court and a possible fine of up to $250,000. However, numerous federal laws prohibit specific forms of fraud. Each has its potential punishment for breaches of federal law.
Jun 25, 2018 · SANTA ANA, California – A disbarred California attorney who previously pleaded guilty in a mortgage modification scheme that defrauded about 75 distressed Orange County homeowners out of more than $1 million was sentenced today to four years in federal prison.. Moses S. Hall, 63, a resident of Blackwood, New Jersey, who formerly had a law practice in …
Dec 17, 2015 · MEMPHIS, TN—A Memphis man has been sentenced to more than seven years in federal prison as a result of his conviction in two separate cases involving mortgage fraud and identity theft. Edward L ...
OKLAHOMA CITY – RONALD J. MCCORD, 71, of Oklahoma City, was sentenced this morning to serve 104 months in prison for defrauding locally-based banks, Fannie Mae, homeowners, and others through a broad range of fraudulent conduct, announced Acting U.S. Attorney Robert J. Troester.Nov 29, 2021
30 yearsPrison. Prison penalties for mortgage fraud can be significant. A conviction for federal mortgage fraud charges can result in a federal prison sentence of 30 years, while state convictions can last a few years or more. Misdemeanor fraud convictions can bring jail sentences of up to a year.
Mortgage fraud is a federal criminal offense that has been aggressively prosecuted in recent years, especially since the housing crash in 2008, and the criminal penalties you could face for a single count of mortgage fraud include up to 30 years in federal prison and fines of up to $1 million.
Federal & Government Mortgage Fraud Prevention AgenciesFederal Bureau of Investigation (FBI) ... Federal Trade Commission (FTC) ... Fannie Mae & Freddie Mac. ... U.S. Department of Housing & Urban Development (HUD) ... U.S. Postal Inspection Service. ... U.S. Secret Service. ... Securities & Exchange Commission (SEC)
Mortgage fraud is a serious offense and can lead to prosecution and jail time for convicted offenders. Under U.S. federal and state laws, mortgage fraud can result in up to 30 years in federal prison, and up to $1 million in fines.Apr 18, 2018
The biggest mortgage fraud red flags relate to phony loan applications, credit documentation discrepancies, appraisal and property scams along with loan package fraud.
The SBA-OIG's Auditing Division is involved in the audits of all recipients of PPP loans of $2 million or greater. The Investigations Division is handling allegations of PPP loan fraud on a case-by-case basis.
Home title theft, also known as deed theft, is the process of fraudulently putting a house deed in another person's name. A thief steals your identity, then uses it forge a deed, making it look like they're the property owner.Oct 29, 2021
According to the Federal Bureau of Investigation (FBI), it is any sort of "material misstatement, misrepresentation, or omission relating to the property or potential mortgage relied on by an underwriter or lender to fund, purchase, or insure a loan."2 With this working definition, we see that mortgage fraud can be ...