California man found guilty in $5.8 million mortgage fraud scheme

In a press release from California Attorney General Kamala Harris, seven suspects have been arrested for their involvement in a mortgage fraud scheme that defrauded more than 1,550 homeowners across the state, who sought loan modification services during the foreclosure crisis.

For more than a year, the government had also been probing Kingston’s ties to a man named Lev Dermen. An Armenian immigrant, Dermen sat atop a small oil and gas empire in Southern California. fraud.

Fourth Man Pleads Guilty In $40.8 Million Mortgage Fraud Scheme CAMDEN, N.J. – A fourth New Jersey man admitted today to his role in a $40.8 million mortgage fraud conspiracy, serving as a "straw buyer" to cause a lender to release more than $632,000 based on a fraudulent mortgage loan application, U.S. Attorney Paul J. Fishman announced.

Fifth Man Pleads Guilty in $40.8 Million Mortgage Fraud Scheme CAMDEN-A fifth New Jersey man today admitted his role in a $40.8 million mortgage fraud conspiracy, recruiting "straw buyers" to purchase real estate properties in New Jersey, South Carolina, and Georgia and causing lenders to release more than $18 million based on fraudulent.

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Down Payment Assistance Gets Man Sentenced for Mortgage Fraud. Aleksandr Kovalev, 54, Rocklin, California, was sentenced to three years and ten months in prison for wire fraud involving financial institutions, According to court documents, Kovalev was in the business of developing, building and selling real property in Sacramento, Fairfield,

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She lost her house and her savings to a group of California scam artists who stole $11 million from thousands. Barkley found out the truth when a man on a motorcycle came to paste a notice from her.

Another disabled man who sued more than 50 businesses in Los. Lakota, who is not a licensed attorney in California, gained notoriety in 2004 when he was found guilty in Butte County of issuing.

Bank of America halts foreclosures in all states Potential flaws in foreclosure documents are threatening to throw the real estate industry into a full-blown crisis, as Bank of America on Friday became the first bank to stop sales of foreclosed.

They were found guilty on February 13, 2015, after a 21-day trial, of multiple counts of mail and wire fraud associated with the mortgage fraud scheme. In addition, Peter Kuzmenko, Edward Shevtsov, and Aaron New were found guilty of money laundering associated with the scheme, and Nadia Kuzmenko was found guilty of witness tampering.