Real Estate Fraud Scheme Busted in Manhattan
As the residential real estate market in New York City slowly continues to emerge from the deep pits of recession, sales at new condominium, apartment building and houses are starting to pick up. Yet,...
View ArticleNew York City Lawyer Indicted For Mortgage Fraud
On February 17th, 2010 Louis Cherico, a New York City and Westchester County lawyer was indicted for participating in a wide-ranging scheme to commit a multimillion dollar mortgage fraud, obstruction...
View ArticleTen Defendants Indicted For Scamming Mortgage Lenders Over $10 Million
Ten defendants were indicted at the Eastern District Federal Courthouse, Brooklyn, New York, for fraudulently obtaining over $10 million in loans from banks and mortgage companies. Of those ten...
View Article3 Defendants Arrested For $2.7 Million Mortgage Fraud
Ania Nowak, Zbigniew Cichy and Kim Salvemini, residents within the New York area, were arrested and charged with mortgage fraud for conspiring to defraud several mortgage lenders of over $2.7 million....
View ArticleMortgage Fraud
Here is an example of mortgage fraud. Monica Cardona, a former loan officer of a realty company within the New York area, was sentenced to approximately one year in prison, 3 years of supervised...
View ArticleReal Estate Fraud Crackdown Led Title Closer To 4 Years In Prison For...
Eric Koppelman, former title closer in New York City, was sentenced to 4 years in federal prison, 5 years of supervised release and $6 million in restitution for co-conspiring and participating in a...
View ArticleNew York State Real Estate Attorney Found Guilty For Participating In A...
Ravi Persaud, a New York State licensed real estate attorney was found guilty of one count of bank and wire fraud and three counts of bank fraud. Persaud was convicted for allegedly participating in a...
View ArticleWhat Constitutes Occupancy Mortgage Fraud?
Mortgage fraud is a variety of different criminal actions that have to do with loans, lenders deeds, and other mortgage related laws. Occupancy fraud means misleading the mortgage lenders, when an...
View ArticleCan I Be Criminally Charged For Mortgage Fraud In New York For Acting As A...
It depends. Being a straw buyer itself is not fraudulent; it is simply a person making a purchase on behalf of another person. A straw buyer is usually used when a real buyer cannot complete the...
View ArticleWhat Is Predatory Lending In New York?
Predatory lending refers to the practice of dispensing loans at high interest rates or unfair terms, usually with collateral from the victim. These loans are designed to be difficult, if not...
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