Seven defendants indicted in $49.6M mortgage fraud scam

I need to add a section just for this type of fraud (another thing for my to do list) CHICAGO â”Six Chicago area defendants were indicted on federal charges for allegedly fraudulently obtaining more than $10 million in mortgage loan proceeds from various lenders by submitting false loan applications and supporting documents, federal law enforcement officials announced today.

Attorney General Kamala D. Harris Announces Seven Arrests in $6.2 Million Mortgage Fraud Scam. The felony complaint alleges that Nehad “Nick” Ayyoub Ayyoub, 57, of San Bernardino and president of The Firm Loans, Insurance and Investments Inc. and First Choice Debt Solutions Inc., along with his six colleagues, Ghydan Ayyoub Rabadi, 38,

SALT LAKE CITY– A Highland couple accused of running a multimillion dollar mortgage scam was hit with new charges on Wednesday, and a third defendant. charged with five counts of making false.

What To Do After Getting Turned Down For A Mortgage In Florida Getting back to your question: How soon can you apply or reapply for a mortgage after being denied? In our case, we applied with another lender just two or three business days later. The new loan officer looked at our credentials and shook his head in bafflement.

has been indicted on federal conspiracy and fraud charges for his role in a telemarketing real estate scam that authorities say swindled roughly $27 million out of more than 100,000 people over a.

A federal indictment unsealed Friday charged seven people with running a multistate Ponzi scheme and related mortgage fraud scams that prosecutors said cost investors and lenders a combined $17.

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In 2010, federal and state law enforcement targeted mortgage fraud scams as part of “Operation. On June 17, 2010, 38 defendants were indicted in eight separate cases. Among those charged are three.

. Fifty-Three Indicted in Health Care Fraud. seven defendants in a five. Area Mortgage Fraud Cases Forty-one defendants were charged.

2008-05-18  · Predatory Mortgage Foreclosure Fraud.. County Superior Court alleges that the scam was headed by. count indictment in Head Two against seven defendants.

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 · Seven South Florida residents charged in $49.6 million mortgage fraud scheme. United States Attorney Wifredo A. Ferrer announced Monday the unsealing of a 15-count indictment charging seven South Florida residents in a mortgage fraud scheme that resulted in the approval of approximately $49.6 million in fraudulent loans, according to the Department of Justice.

The second alleged scam, involving Lakhany and defendants The Credit Shop, LLC, Fidelity Legal Services LLC, and Titanium Realty, Inc., typically charged consumers between $795 and $1,595 for a so-called “forensic loan audit.”