Mortgage Fraud Consultants performs Quality Control audits (fraud based)...
Mortgage Fraud in the News
A report in the Express & Star confirmed Mark Lewis, 50, told investors he would invest their cash in properties which required renovation and would be sold on at a profit but only one property was bought. While on police bail for the property investment fraud Lewis began a second con based on solar panels. […]
Jayesh Dahyabhai Patel, 48, Knoxville, Tennessee, has been indictment and charged with five counts of bank fraud. Patel allegedly provided false income tax returns for himself and his businesses to induce First Community Bank to issue the loan. Patel appeared in court on May 29, 2014, before U.S. Magistrate Judge Dennis Inman and pleaded not […]
Mahafarid Amir Khosravi, aka Amir Mansour Aria, has been put to death after Iran’s Supreme Court upheld his death sentence for bank fraud. The defendant was convicted for his role in a $2.6 billion scam in Iran, allegedly the biggest bank fraud case in Iran since 1979. According to media reports, Khosravi and his conspirators […]
A CONMAN who convinced his close friends to remortgage their homes to fund his lavish lifestyle has been jailed. Rienzie ‘Joe’ Silva, 72, tricked elderly investors out of their life savings through a fraud which lasted nearly 20 years. The mortgage broker convinced close friends to take out new home loans and put the cash […]
Andrew Brosnac, 48, Mansfield, Texas, a real estate agent and investment consultant, was sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud in connection with the sale and leaseback agreements in Pennsylvania, New York, West Virginia, North Carolina, South Carolina, Alabama, South Dakota, California, Oregon, and Wyoming. Between 2006 and 2008 […]
Eloise Blackmon, Gary, Indiana, was sentenced to 10 months in prison for her role in a mortgage fraud scheme. Upon release, Blackmon was also sentenced to supervised release for a period of two years. The scheme involved the purchase and sale of up to 25 properties. The defendant and her co-conspirators submitted false and fraudulent […]