16 May 2013
theadvertiser.com
NEW ORLEANS — Louisiana residents faced with having to pay back hurricane aid money because they failed to meet certain government requirements could get a break under changes the state outlined Wednesday. The proposals...
15 May 2013
EYEWITNESS NEWS4
ALBUQUERQUE, N.M. (AP) - An Albuquerque man who admitted stealing from a federally funded program to help people facing homelessness now faces a year in prison. The U.S. Attorney's Office says 49-year-old Francis Louis Carrillo was sentenced Tuesday on his October guilty plea to a charge of theft from a program receiving federal funds... Read More
15 May 2013
tribtoday.com
WARREN - Trumbull County commissioners are joining some members of Warren City Council in their desire to see a review of the finances of Sunshine of Warren Trumbull Inc. But at least one council member and the mayor are not so sure about the commissioners' help. The three commissioners Wednesday agreed to ask Warren to require a ''full financial audit''...
14 May 2013
News-Herald.com
A Kirtland man was sentenced Tuesday to two years in prison for being part of a mortgage fraud scheme that cost lenders more than $2.2 million. Kevin D. Barcomb, 39, was also ordered to pay the entire amount of restitution to lenders after his release at a rate of no less than 10 percent of his gross monthly income.
14 May 2013
lohud.com
YONKERS — The city is cleaning up from years of shoddy record keeping and seeking millions of dollars from delinquent borrowers in a troubled federal job-creation loan program. In a report Monday, Yonkers Inspector General Kitley Covill documented the city’s progress collecting back due payments and improving internal management of its discontinued Department of Housing and Urban Development Section ...
11 May 2013
KSAZ Fox 10
BISMARCK, N.D. (AP) - Sentencing is set for 1 of 4 people charged in the case of a defunct Arizona mortgage lender accused of swindling Bismarck-based BNC National Bank out of about $27 million. Authorities say 69-year-old David Kaufman lied to investigators when he was questioned about his role as an independent auditor. He pleaded guilty to obstruction...
10 May 2013
The New York Times
Attorney General Eric Schneiderman of New York announced this week that he plans to sue Bank of America and Wells Fargo for failure to adhere to the terms of a $26 billion settlement that was supposed to provide relief to homeowners and end foreclosure abuses...
07 May 2013
KBAK Eyewitness News
BAKERSFIELD, Calif. (KBAK/KBFX) — A Los Angeles man pleaded guilty Monday to bank fraud in connection with a mortgage fraud scheme in Bakersfield, according to federal prosecutors. Nine people were named in an indictment last summer. Ricardo Fabian Salinas, 34, is scheduled for sentencing next winter, following his plea entry Monday. The maximum sentence for bank fraud is 30 years in prison...
05 May 2013
The Daytona Beach News-Journal
DAYTONA BEACH — When the editor and publisher of the magazine Floridian View left town about nine months ago, it became unclear exactly who was running the local publication. But a real estate transaction from early April shows that the person behind the company that publishes the magazine is investor-broker Ramara Garrett. The real estate transaction was carried out on April 1, just three days after the 34-year-old Garrett was...
05 May 2013
Observer Dispatch
UTICA — A final report detailing the consequences for inconsistencies and possible misuse of the city's federal block grant program still is not ready. The report could end up requiring the city to return some of the $619,666 that was questioned in the original monitoring report. City and U.S. Department of Housing and Urban Development officials say the report is coming, but there is no definite timeline for its completion...
04 May 2013
Carteret County News-Times
BEAUFORT — The federal cuts know as sequestration became much more evident to the public in recent weeks as airports, short on air traffic controllers who have to take unpaid days off, had lengthy delays for flights...
04 May 2013
CTPOST.COM
Since Superstorm Sandy hurled sand and broke apart chunks of the parking lot at Stamford's Cummings Beach in late October, crews have worked feverishly to clean up and repair the damage in time for the summer season. "We worked at it for 11 hours a day, six days a week, for probably 60 days...
02 May 2013
Chicago Tribune
A Chicago man was sentenced to more than 12 years in federal prison after having been convicted of engaging in a mortgage fraud scheme involving 65 real-estate transactions on the South Side. The scheme which netted Fred Haywood, 42, about $700,000 also garnered him 151 months in prison, and U.S. District Court Judge Ronald Guzman also ordered him to pay more than $1.4 million in restitution, according to federal officials...
02 May 2013
KAKE.COM
Seven people in Wichita have been charged in a federal mortgage fraud case. An indictment alleges the scheme involved straw buyers and straw sellers, false loan applications and false supporting documentation submitted to lenders, the U.S. attorney’s office said Thursday. Victims of the fraud included numerous banks, the Federal Housing Administration, the Federal Deposit Insurance Corporation (FDIC)...
01 May 2013
WFWZ-TV
PHILADELPHIA - The former general manager and five former employees of a now-defunct mortgage company in Allentown have been indicted on federal charges. The allegations against Madison Funding Inc. center around a conspiracy that caused mortgage lending businesses to issue millions of dollars’ worth of loans...
30 April 2013
WWLT-TV
NEW ORLEANS - A year after the Obama administration’s top housing official came to New Orleans to take in Jazz Fest and announce millions of additional dollars to help homeowners finish their Katrina rebuilding, the money is still stuck in Washington. It made housing advocate M.A. Sheehan think of her own Jazz Fest experience last year, when she heard that Housing and Urban Development Shaun Donovan...
30 April 2013
The Daytona Beach News-Journal
ORLANDO—The four main players in what the FBI says is a mortgage fraud ring that raked in millions of dollars and involved dozens of properties in Volusia County and other parts of Florida pleaded not guilty to conspiracy charges in federal court on Tuesday. Broker-investor Ramara Garrett, her boyfriend Jim Sotolongo, title agent Stephanie Musselwhite...
19 April 2013
Government Executive
Federal and Tennessee state prosecutors on Wednesday charged 24 current and former Internal Revenue Service employees with “fraudulently obtaining more than $250,000 in government benefits.” According to a statement released by the office of U.S. Attorney Edward Stanton III, federal authorities charged 13 individuals with “falsely [stating] that they were unemployed,” while applying for and obtaining numerous federal benefits including unemployment insurance, money from the Supplemental Nutrition Assistance Program and Housing Choice vouchers...
3 April 2013
The Denver Post
WASHINGTON — The Obama administration is engaged in a broad push to make more home loans available to people with weaker credit, an effort that officials say will help power the economic recovery but that skeptics say could open the door to the risky lending that caused the housing crash in the first place...
3 April 2013
The Inquistir
A total of $700 million in Hurricane Katrina aid reportedly went missing after the devastating storm. Department of Housing and Urban Development (HUD) Inspector General David Montoya said the taxpayer funds were supposed to help property owners elevate their homes. A HUD report on the Hurricane Katrina grants states that more than 24,000 property owners received the funds. The grants of up to $30,000 each were reportedly either pocketed or misspent by some storm victims, according other to the government report...
1 April 2013
Philly.com
Federal investigators have questioned Drexel University about work done by the Philadelphia Housing Authority's former executive director, Carl R. Greene, and his private consulting business to develop a new degree program. The inquiry is part of an ongoing criminal probe of the housing agency during Greene's tenure. Drexel spokeswoman Lori Doyle said in a statement last week that the U.S. Attorney's Office in Philadelphia had requested from Drexel "certain information relating to Carl Greene and CRG."...
1 April 2013
Pittsburgh Post-Gazette
A nonprofit arm of the Pittsburgh Housing Authority that is poised to invest tens of millions in the Hill District, and which drew questions from District Attorney Stephen A. Zappala Jr. of Allegheny County, is legal, according to an audit city Controller Michael Lamb is expected to release today...
30 March 2013
fourstateshomepage.com
U.S. Senator Claire McCaskill announced Wednesday the city will receive more than $113 million from the Department of Housing and Urban Development or HUD. The Community Development Block Grant Program through HUD...
30 March 2013
NY1.com
On an empty lot where a Hurricane Sandy-damaged home once stood now stands a piece of artwork that New Dorp Beach residents say has captured the tone of the battered neighborhood. Its title: "Waiting". Its message to the government: Hurry up and help us out. "I think the frustration is not getting a solid answer from somebody," said resident Lorianne Isnardi. "What is the mayor, what is the government going to do? What is the state and the city of New York City going to help these people?"...
30 March 2013
Mansfield News Journal
MANSFIELD — A man who owned and managed hundreds of rental properties across north central Ohio has been indicted on five additional counts in a mortgage fraud case to be heard this spring in federal court. The U.S. Attorney’s office for the Northern District of Ohio filed an amended indictment Wednesday alleging David R. Sharrock concealed his interest in assets owned by Herman Trust Properties LLC from a bankruptcy trustee and creditors, after filing for bankruptcy Oct. 23...
29 March 2013
The Daytona Beach News-Journal
Real estate broker and investor Ramara Garrett and her boyfriend and business partner Jim Sotolongo were arrested by the FBI on Friday and charged with conspiracy to defraud financial institutions into lending them millions of dollars in a mortgage fraud scheme that lasted seven years, a federal criminal complaint shows...
28 March 2013
Fox 17
GRAND RAPIDS, Mich. — Six of seven defendants indicted in connection with a CDC Investments mortgage scheme were sentenced this week. U.S. Attorney Pat Miles along with U.S. District Judge J. Jonker sentenced the defendants from one to five years in federal prison Thursday. CDC founder Isaac Modert was sentenced to 5 years, his cofounder Aaron Teachout received...
28 March 2013
The Daily World
Without confirming the name of the suspect killed in a police standoff in Hoquiam Wednesday, Michael Blazina, Supervising Deputy District Attorney for Sacramento County, did acknowledge that his office was involved with Hoquiam Police in the service of a felony warrant in a 2004 case from Sacramento County involving a man and a woman on real estate fraud. Nina Marlowe, who is listed as owner of the 2801 Aberdeen Ave. home that was the scene of a 20-hour standoff, was booked into ...
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