Straw Buyer Schemes Lead to $34 Million in Fraud Indictments

By Zachary Fagenson MIAMI (Reuters) – A suspended Miami-area mayor and prominent haitian activist was duped by her business partner into recruiting straw. indicted in May on six counts of wire.

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Lead Defendant Sentenced in .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.

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Bogden and FBI Special Agent. and Michael Blair were indicted by the federal grand jury on mortgage fraud charges. From about August 2005 to May 2006, the defendants are accused of devising a.

Contents Village mobile home park awarded $34 Fraud defense attorneys multiple indictments charging real estate appraisers The flipping fraud phenomenon that consumed Southwest Florida for more than a decade is about to come to a symbolic end. Herald-Tribune Ticket Arts Preps real estate mugshots politics health Inside.

Berkeley Point Capital provides $63M in multifamily financing About Capitalab Capitalab, a division of BGC Brokers L.P., provides compression services that are designed to bring greater capital and operational efficiency. the origination and sale of.

A former Bellevue attorney was sentenced to two months in prison and four months home confinement Tuesday for his connection to the state’s largest mortgage fraud scheme, in which seven other real.

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A Laguna Niguel man was sentenced Monday to 6 1/2 years in federal prison for a series of schemes to defraud banks and the Small Business Administration, including one case involving help from his.

10 Responses to "Mortgage Fraud Through the Straw Person Scheme" It frightens me to read about just how many ways there are to be defrauded in a real estate transaction. Buying or selling real property is probably the most technical, legal transaction that most ordinary people (read: non-lawyers) will ever partake in.

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The indictment says Dino Sisneros was the leader and organizer of a cash-back mortgage-fraud scheme, recruiting "straw buyers" to purchase real estate at inflated prices.. 2.9 million "cash.

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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.

Penalties, punishment and sentencing for straw buyer schemes. The punishment for a misdemeanor conviction is typically up to a year in a county jail and a maximum $1,000 fine. The punishment for a felony violation is typically up to three years in the California state prison and a maximum fine of $10,000.