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New York Man Charged in Connection with Multimillion-Dollar Real Estate Fraud Scheme

Joseph Del Valle, 59, Aventura, Florida, an owner and partner of various investment companies, including Vanquish Acquisition Partners LLC and PM Capital Management LLC, which were based in Manhattan, New York, surrendered on charges of wire fraud and wire fraud conspiracy for operating a fraudulent scheme related to a Florida real estate development project. Del […]

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5 From New York Indicted in $30M Mortgage Fraud

The head of a Long Island mortgage bank and five others were charged Tuesday in federal court in connection with a massive $30 million bank fraud scheme targeting real estate in Nassau and Suffolk counties, authorities said. Aaron Wider, the head of HTFC Corp. in Garden City, was arrested by FBI agents Monday along with […]

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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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New York Man Accused of Mortgage Fraud

The trial of a 33 year old man facing mortgage fraud, scheme to defraud, falsifying business records and grand larceny charges began today in Riverhead with the defendant being tried in absentia, Suffolk County District Attorney Thomas Spota said. “The defendant, RAMON E. RIOS, of East Meadow, is a fugitive who faces substantial time, as […]

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New Jersey Mother and Daughter Arrested for Scamming Homeowners

Anna S. Lee, 54, Englewood Cliffs, New Jersey, and her daughter, Jennifer H. Lee, 25, New York City, New York, were arrested on Monday, April 14, 2014, in connection with an alleged real estate loan scam wherein the defendants fraudulently obtained over $300,000 in payments from victims for loan modifications services. The investigation revealed that Anna Lee represented […]

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2 New York Lawyers Charged with Running Short Sale Mortgage Fraud Scheme

Kenneth Schwartz, 64, Huntington, New York, and Helene Stetch, 50, Lindenhurst, New York, have been charged by a Queens County grand jury with defrauding homeowners, financial institution and real estate buyers out of more than $1 million through a short sale mortgage fraud scheme that occurred over a nineteen-month period between October 2008 and May […]

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