· All are charged with wire fraud and conspiracy to commit wire fraud. Gerardi is also accused of lying to federal officers. Schuler and Laipple (who.
A former Miami newspaper publisher, mortgage broker, mortgage lender and real estate agent was sentenced in federal court today to serve 180 months imprisonment for leading a $20 million mortgage fraud scheme. Benjamin G. Greenberg, United States Attorney for the Southern District of Florida, and Robert F. Lasky, Special Agent in Charge, Federal Bureau of
Manhattan prosecutors have charged Newsweek’s former parent company, IBT Media, with carrying out a plot to defraud lenders out of millions of dollars as it struggles to remain profitable.
The indictment alleges that the two companies, which were also indicted, faked financial audits to secure $10 million in loans-with $1.5 million going to CMC International-then used the money.
Stallings was also in jeopardy of defaulting on a million. credit-card charges were very real. That changed when the federal indictment against Cox made the news in July. It was then that she.
Three Massachusetts men were charged in connection with a 10-year mortgage fraud scheme involving at least two dozen fraudulent loan transactions and $4.3 million in losses to lenders. Read More.
Title Company Owner Involved in $10M Fraud Scheme, Lawsuit Alleges. January 10, 2017. The owner of a Florida-based title company along with a former newspaper publisher who was a real estate agent and mortgage broker face federal charges for allegedly participating in a million mortgage fraud conspiracy in the Sunshine State.
For Florida homebuyers, mortgages are safer but tougher to come by For homebuyers, mortgages are safer but tougher to come by.. Florida, thanks to the easy financing that prevailed during last decade’s housing boom.. "I literally would just come home, pay.
Former newspaper publisher, mortgage broker, mortgage lender and real estate agent marco laureti was sentenced in federal court last week to serve 15 years in jail for leading a $20 million.
A California man who participated in a mortgage fraud scheme that resulted in losses to lenders of approximately $10.5 million has plead guilty to a charge of conspiracy to commit wire fraud.
Government-backed mortgage. made $729 million in the quarter from the sale of its asset management unit and the initial public offering of its reinsurance subsidiary. Financial crime: Fraud alleged.
Newsweek’s Former Owners Were Indicted For Running A $10 Million Fraud. The heads of IBT Media and Christian Media Corporation ran an elaborate scheme to defraud investors by exploiting the Newsweek brand, the Manhattan District Attorney’s Office said.