Loan Officers Sentenced to Prison for Mortgage Fraud Involving Los Angeles...
Two men who operated a mortgage fraud scheme that targeted mostly African-American churches in the Los Angeles area have been sentenced to federal prison and fined. Paul Ryan, a former mortgage loan...
View ArticleCity of Los Angeles Sues Solar Developer for PACE Loan Fraud
The City of Los Angeles has filed suit against Eco Solar Home Improvement, a Los Angeles contractor, alleging it defrauded low-income homeowners of $1.4 million. The lawsuit alleges that the contractor...
View ArticleCalifornia Attorney General Xavier Becerra Announces Sentencing of Andrew Valles
Press Release Thursday, May 16, 2019 Contact: (916) 210-6000, agpressoffice@doj.ca.gov SAN DIEGO – California Attorney General Xavier Becerra today announced the sentencing of Andrew Valles for...
View ArticleSouthern California Woman Accused of Targeting Chinese Investors in...
Ruixue Shi, aka Serena Shi, 36, of Arcadia was arrested Friday by FBI agents and charged with one count of wire fraud for allegedly swindling Chinese investors out of $20 million (affinity fraud). A...
View ArticleHUD Office of Inspector General Issues Reverse Mortgage Fraud Bulletin
The U.S. Department of Housing and Urban Development (HUD) Office of the Inspector General (HUD-OIG) has issued a fraud bulletin aimed at informing the public about illegitimate reverse mortgage scams,...
View ArticleFormer Clovis pastor pleads guilty to defrauding his church members in...
Sherman Smith, a former Clovis pastor, is facing 20 years in prison after pleading guilty to a real estate fraud scheme that defrauded investors — some of whom were his own congregants — of more than...
View ArticleFannie Mae Concerns about Fraudulent Loan Applications in Southern California
The following is a press release from Fannie Mae: Fannie Mae’s Mortgage Fraud Investigations unit alerts the industry to potential and active mortgage fraud scenarios. This alert addresses loans...
View ArticleThe Cost of Faith-Based Fraud: $2.6m in South Carolina
South Carolina couple Dana Roush and Michael “Bubba” Roush owned and operated Kingdom Connected Investments (KCI), which they billed as a “Christian organization.” In reality, according to the Justice...
View ArticleFormer Clovis Pastor Sentenced to over 7 Years in Prison for Real Estate...
Former Clovis pastor Sherman Smith, 74, of Monterey has been sentenced in federal court to seven years and three months in prison for a real estate development scheme that defrauded church congregants...
View ArticleSEC Charges Owner of Real Estate Investment Company with Defrauding Orthodox...
The Securities and Exchange Commission charged New Jersey resident Seth P. Levine, the president and owner of Norse Holdings, LLC, a real estate investment and management company, with defrauding...
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