The Blotter

The president of a purpored mortgage investment company was sentenced to more than 25 years in California state prison after being convicted on 100 felony counts for carrying out a scheme targeting vulnerable homeowners in 11 counties across the state.

A federal grand jury has indicted four Bay Area real estate professionals with conspiracy to commit wire fraud, wire fraud, and aggravated identity theft in connection with a years-long mortgage fraud scheme.

San Luis Obispo County District Attorney Dan Dow continues to urge property owners and real estate professionals to beware of seller impersonation fraud, noting that to date, district attorney investigators have successfully thwarted nearly $9 million in fraudulent real estate sales.

A federal grand jury has returned an indictment charging five individuals for a fraud scheme intended to obtain over $35 million from financial institutions by providing false documentation in support of Small Business Administration loan applications for the purchase of hotels.

A Hunterdon County, N.J., man has been charged with defrauding a New Jersey-based title insurance company of approximately $1.5 million.

A Ft. Washington, Md., woman pleaded guilty to bank fraud that resulted in nearly $150,000 of loss to a mortgage lender.

The former owner of an Atlanta real estate law firm pleaded guilty to federal charges arising from a scheme to defraud the firm’s clients.

FundingShield’s third quarter fraud analytics shows that wire and title fraud remain high in 2023, with 49.2 percent of loans having at least one risk issue in the third quarter of 2023.

CoreLogic’s latest Mortgage Fraud Report found that mortgage application fraud declined 3.1 percent year-over-year compared with the second quarter of 2022, as measured by the CoreLogic Mortgage Application Fraud Risk Index.

A former San Antonio attorney pleaded guilty in federal court to wire fraud and money laundering.