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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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Colorado Homebuilder Guilty of Federal Mortgage Fraud

Peter V. Capra, the former president of a Littleton home-building company, has been convicted of federal counts of wire fraud, mail fraud and money laundering. After an eight-day trial in U.S. District Court in Denver, a jury on Friday found the 56-year-old Capra — former head of Golden Design Group Inc. — guilty of 14 […]

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Colorado Man Sentenced For Mortgage Fraud

Greeley, CO – A Fort Collins man convicted in a mortgage fraud scheme was sentenced in Weld County District Court on Wednesday to five years in prison. A jury in December convicted Matthew Sysum (DOB: 08/13/1969) of seven counts of Forgery, a Class 5 felony, and one count of Theft, a Class 3 felony. He was sentenced […]

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Colorado Man to Serve 108 Months in Prison for a Multi-Million-Dollar Real Estate Fraud Scheme

Roger K. Howard, age 51, of Englewood, Colorado, was sentenced last Tuesday by U.S. District Court Judge R. Brooke Jackson to serve 108 months in federal prison for wire fraud and money laundering, the United States Attorney’s Office, IRS-Criminal Investigation, and the Federal Bureau of Investigation announced. Following his prison sentence, Howard was ordered to […]

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Colorado Loan Officer Sentenced for Stealing’s Wife’s Identity to Obtain Loan

Matthew Scott Smith, 36, Brighton, Colorado, was sentenced by Federal District Court Judge Scott W. Skavdahl on February 12, 2014, for making false statements in a loan application. Smith appeared pursuant to a summons in US District Court in Wyoming. He was charged via criminal Information on December 3, 2013. According to the charges, on or about May […]

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Colorado Realtor Accuses Fannie Mae of Hiding Fraud

A metro Denver real estate broker claims in a response to a lawsuit filed against her by the Federal National Mortgage Association (Fannie Mae) that her contract work with the federally-sponsored company dried up after she tried to report alleged fraud. In the U.S. District Court civil case, Karen Frisone alleges the fraud involved attempted bribes and […]

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