The Blotter

Nine individuals have been arrested an arraigned on 136 felony counts for allegedly operating an advance fee mortgage relief scam that claimed to prevent the foreclosure of properties throughout Southern California. The alleged scheme impacted multiple victims, resulted in a loss of approximately $6 million and affected more than 200 properties. Read on for more details.

A Pennsylvania attorney was convicted of bank fraud and aggravated identity theft for forging and filing a mortgage satisfaction document, as well as forging bank officials’ signatures. Read on for more details.

A Bedford, N.H. attorney pleaded guilty to wire fraud and money laundering related to client funds. Read on for more details.

The former president and chief executive officer of a bank in Elkton, Md., was sentenced to time in prison after pleading guilty to conspiracy to commit bank fraud, receipt of a bribe by a bank official, and false statement in bank records, in connection with the straw purchase of a home in Rising Sun, Md., upon which the bank had foreclosed. Read on for more details.

A Bolder, Colo., man was sentenced to five years in prison for bank fraud and aggravated identity theft. The man owned, operated or had interest in businesses involved with financing residential mortgage loans. Read on for more details.

A Fort Myers, Fla., man was indicted for bank fraud for allegedly submitting false mortgage applications, as well as intentionally misrepresenting his liquid assets. He had previously been indicted for COVID-relief fraud. Read on for more details.

CoreLogic reports a 26.3 percent year-over-year decrease in mortgage fraud risk in the second quarter of 2020 in its latest Mortgage Fraud Report. Read on for more details.

A Louisiana man was sentenced to time in prison for wire fraud in connection with a fraudulent mortgage relief scheme. He marketed a fraudulent mortgage debt reduction scheme to distressed homeowners in the Filipino immigrant community in Hawaii. Read on for more details.

A Warrington, Pa., man was sentenced to time in prison and ordered to pay $2.85 million in restitution and $1.38 million in forfeiture, after being charged with conspiracy to commit mail fraud, bank fraud, and loan fraud for scheming to defraud three financial institutions out of millions of dollars. Read on for more details.

The California Department of Financial Protection and Innovation (DFPI) issued a consumer alert about a company fraudulently posing as a California escrow company. Read on for more details.