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US Supreme Court Rules on Mortgage Fraud Restitution Calculations

WASHINGTON (AP) — The U.S. Supreme Court has clarified how restitution must be computed in mortgage fraud cases. The justices in a unanimous decision Monday said that restitution to a bank that has been defrauded must be calculated based on the value of property when it is actually sold, and not the earlier date on […]

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Nevada Man Gets 20yrs for Mortgage Fraud Scheme

The case of a $15 million mortgage fraud scheme came to a close today with the final sentencing in the 10-member operation. U.S. District Judge Gloria Navarro sentenced Jabari Marshall, 36, of Las Vegas, to 20 years in prison for his role in trying to steal $35 million in fraudulent mortgage loans, according to the […]

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Nevada Woman Convicted in Mortgage Scheme Goes Free

A former Las Vegas real estate broker has been released from a federal prison camp in Southern California while she appeals her conviction in a massive mortgage fraud scheme. The Las Vegas Review-Journal reports Eve Mazzarella was granted freedom last month by the 9th U.S. Circuit Court of Appeals. The court says her lawyers raised […]

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Nevada Man Sentenced in Mortgage Fraud Scheme

A Henderson man has been sentenced to more than four years in prison and ordered to pay $834,000 in restitution for his role in a mortgage fraud scheme. According to U.S. Attorney Daniel Bogden, the scheme by 37-year-old Lance Kellow caused more than $1 million in losses to federally insured financial institutions. Kellow, a loan […]

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Court Suspends License of Convicted Nevada Lawyer

The Nevada Supreme Court has suspended the law license of Las Vegas attorney Gerry Zobrist, convicted in a scheme to defraud banks. The court Monday turned the case over to the Southern Nevada Disciplinary Committee of the Nevada Bar to make a recommendation for disciplinary action for Zobrist, who was sentenced to 87 months in […]

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Nevada Attorney General Seeks Public Help Locating Mortgage Fraud Suspects

Las Vegas, NV (KTNV) – Nevada Attorney General Catherine Cortez Masto is seeking the public’s assistance locating William Chrissikopoulos, Alan Dornhuber and Lynda Finch-Estrada, all of Las Vegas. The trio was indicted in April of 2013 for their operation of a mortgage lending fraud scam. The investigation indicates there might be more Nevada and California residents […]

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