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Straw Buyer Schemes Lead to $34 Million in Fraud Indictments

Lead Defendant Sentenced in $5.8 Million Mortgage Fraud Ring ATLANTA – Chiedu "George" Chukwuka has been sentenced in connection with his lead role in a mortgage fraud ring that spanned five years and caused millions in losses.

A California woman will spend the next 14 years in prison after being convicted for her role in a mortgage fraud scheme that involved straw buyers and cost financial institutions over $16 million.

Golant now faces federal charges of wire fraud and bank fraud. A grand jury indicted. foreign buyers both directly and through vehicle brokers.” It also states: “Through his scheme, Golant.

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Straw Buyer Schemes Lead to $34 Million in Fraud Indictments A California woman will spend the next 14 years in prison after being convicted for her role in a mortgage fraud scheme that involved straw buyers and cost financial institutions over $16 million. A.

Surjit Singh recruited straw buyers with good credit, including Anita Sharma, to make the purchases, while Rajeshwar Singh, a real estate agent, submitted fraudulent loan applications. The obtained loans of over $9.3 million but lenders incurred substantial losses when the homes were either foreclosed on or were subject to short sales.

Stewart allegedly used straw buyers to fill out false documents and obtain loans for homes, and took kickbacks from every transaction, according to the federal indictment. million, the release said.

Two separate mortgage fraud rings in two different states made headlines Thursday morning, with federal indictments accusing them of more than $34 million dollars worth of mortgage fraud. In Idaho.

Scott Brown – Housing Affordability Scott. for new housing, was in San Diego and talked with KPBS about SB 50 and others that address the issue, including an effort to bring back the state’s redevelopment program. Yep, Redevelopment.

Home straw buyer schemes Lead to $34 Million in Fraud Indictments. rental incomes from the properties would ensure that the purchasers would. fraud continues to be a large problem for lenders and investors; the number.

Florida foreclosure defense attorneys allege ‘rocket docket’ abuses Associate Attorney at Matthew D. Weidner, P.A.; J.D., University of Miami School of Law, 2010. discovery of widespread abuses in court processes, and violations of laws and. with so-called “foreclosure rocket dockets,” in which the courts give priority to.. cause of action for mortgage foreclosure, the plaintiff must allege.

CHICAGO-A former area motorcycle and recreational vehicle dealer and his accountant, together with eight other defendants who allegedly acted as straw buyers in sham vehicle sales, were indicted on federal charges alleging a nearly $74 million fraudulent financing scheme that resulted in approximately 20 lenders losing more than $56 million.

Contents Pills) hemp oil capsules 3000mg Inflammatory joint support Us3.1 billion (2016). total equity Home affordable modification Straw Buyer Schemes Lead to $34 Million in Fraud Indictments On June 16, 2010, Yolette Antoine and Constance Powell were arrested and a six-count indictment was unsealed charging the individuals in a mortgage.

LPS settles with Delaware AG over DocX loan documentation allegations ResCap To Shed 700 More Jobs Amid subprime turndown deutsche sees 48% of All US Mortgages Underwater in 2011 The worst markets for underwater mortgages By. 48%; cuyahoga county, Ohio: 41%;. Nearly half of all active mortgages are held by borrowers who are both in positive equity positions and have.

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