Arthur James Marshall, Jr., 41, Augusta, Georgia, was sentenced to 69 months in prison and 5 years of supervised release for his mortgage fraud convictions. Marshall was also ordered to pay more than .6 million restitution to his victims.
Evidence presented at sentencing and as previously reported on Mortgage Fraud Blog, revealed that Marshall ...
Most Recent Articles For: Charges
Written by admin on July 26th, 2010
Written by admin on June 22nd, 2010
Clayton Hargrave, St. Louis, Missouri, has pleaded guilty to fraud charges involving his Washington Avenue development. Hargrave pleaded guilty to one felony count of wire fraud before United States District Judge Charles A. Shaw. Sentencing has been set for July 29, 2010.
According to the court documents, Hargrave was a designer and developer associated ...
Written by admin on May 21st, 2010
SALT LAKE CITY—A federal grand jury returned a 15-count indictment Wednesday afternoon charging Joshua Lee Butcher, age 28, of Salt Lake City, with bank fraud and false statements to a financial institution in what the indictment alleges was a scheme to get construction loans approved using false pretenses.
This week’s indictment ...
Written by admin on May 20th, 2010
In a press release issued today, California Attorney General Edmund G. Brown announced that 9 men have been charged with operating a boiler room foreclosure fraud operation. The scam is reported to have fleeced some 1,500 homeowners out of more than $2.3 million by promising the desperate victims they would ...
Written by admin on April 28th, 2010
San Fransisco - Neil Barofsky was unpacking boxes in December 2008 when the stench of sewage wafted through the hallways at the 168-year-old Main Treasury Building. The space assigned to him as head of the Office of the Special Inspector General for the Troubled Asset Relief Program, or SIGTARP, was ...
Written by admin on April 25th, 2010
NEW YORK –In a 22-page complaint filed Friday, the Securities and Exchange Commission charged Goldman Sachs with defrauding investors on real estate securities likely to go bust.
The legal document reads less like a court filing, and more like a twisted story of how actions by Wall Street’s most notorious investment ...
Written by admin on April 16th, 2010
The Securities and Exchange Commission (SEC) has filed a civil complaint against Goldman Sachs alleging that the financial giant worked with one of its key clients to create collateralized debt obligations (CDOs) consisting of subprime mortgage-backed securities. Goldman Sachs then sold the CDOs to investors knowing that the client was ...
Written by admin on April 16th, 2010
Federal Agents Apprehend 18 Defendants from Throughout Bay Area
SAN FRANCISCO—Today 18 individuals were apprehended on mortgage fraud-related charges, United States Attorney Joseph P. Russoniello announced. Over the last few months, a federal grand jury in San Francisco indicted these individuals on charges relating to alleged mortgage fraud schemes perpetrated between ...
Written by admin on April 11th, 2010
The Securities and Exchange Commission (SEC) has filed a complaint in federal court in Los Angeles charges that Diversity Capital, its Mexican affiliate Diversity Capital Bancorp de Mexico, Strong Capital Investments of Chula Vista and San Diego-based The Optimus Fund scammed churchgoing Latinos in Southern California ...
Written by admin on March 14th, 2010
A former Bakersfield real estate agent and her father face 15 felony counts each of money laundering, conspiracy and grand theft in connection with an alleged multi-million dollar mortgage fraud scheme, newly filed court charges show.
Guadalupe Ramirez, 31, and Augustine Ramirez, 60, each are wanted on $1 million arrest warrants. ...
Written by admin on March 6th, 2010
Australian have urbanized the agility when it comes to online real estates, which can be barely outdone. This is probably attained at the cost of the rationally constructed of the Internet, perhaps people already know by ...
Written by admin on March 5th, 2010
A real estate agent and her father are accused of money laundering, conspiracy and grand theft in Bakersfield and are wanted on outstanding arrest warrants of $1 million each.
Augustine Ramirez applied for loans for five homes in less than two months, indicating on each loan application that the homes were ...
Written by admin on March 2nd, 2010
A Weld District Court judge has ruled in favor of eight Greeley-area Latino residents in their civil rights complaints against owners of a former Greeley real estate agency and its mortgage company for targeting Latino homebuyers with deceptive practices.
The families last year filed civil rights complaints against JS Real Estate ...
Written by admin on March 1st, 2010
Judge considers charges of fraud against ‘billionaire’ whose fortune may have dwindled
The actual size of Yellowstone Club founder Tim Blixseth’s fortune could soon come to light as a a judge considers whether the high-flying real estate developer took hundreds of millions of dollars in a fraud scheme that left the ...
Written by admin on February 26th, 2010
Two Sacramento-area men were charged today by securities regulators with running a massive Ponzi scheme that might be the largest mortgage fraud case in the history of the region.
The Securities and Exchange Commission said it charged Lawrence Leland “Lee” Loomis and his father-in-law, John Hagener, in a ...
Written by admin on February 25th, 2010
PREET BHARARA, the United States Attorney for the Southern District of New York, JOSEPH M. DEMAREST JR., the Assistant Director-in-Charge of the New York Field Division of the Federal Bureau of Investigation (”FBI”), and BRIAN G. PARR, the Special Agent-in-Charge of the New York Field Office ...
Written by admin on February 20th, 2010
In an entrepreneurial twist, a mortgage broker and five other Fresno and San Francisco Bay area residents have been indicted for financing their residential marijuana farming operation by committing mortgage fraud.
Mortgage broker Monique Le Nguyen of Milpitas is the mortgage broker. She was ordered by U.S. Magistrate Judge Sandra Snyder ...
Written by admin on February 10th, 2010
California Attorney General Edmund G. Brown Jr. and San Bernardino County District Attorney Michael A. Ramos announced this morning that they are filing of criminal charges against former Chairman of the San Bernardino County Board of Supervisors William Postmus and James Erwin, former Chief of Staff to Supervisor ...
