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Terry Goddard Announces Settlements in Real Estate Fraud Case
March 17, 2010 Posted by Arizona RealEstateRama
Phoenix, AZ - March 17, 2010 - (RealEstateRama) — Attorney General Terry Goddard today announced a $120,000 settlement with several defendants for their roles in a real estate scheme in Pima County that deceived novice investors, financial lenders and unqualified home buyers
Mortgage Fraud Leader Sentenced to Nearly 17 Years in Prison
March 16, 2010 Posted by Arizona RealEstateRama
PHOENIX, AZ - March 16, 2010 - (RealEstateRama) — Mario G. Bernadel, 51, a citizen of Haiti, was sentenced today to nearly 17 years in prison for his conviction on multiple counts for leading a mortgage fraud scheme in Phoenix that cost banks over $9 million.
Investor Sentenced to 18 Months in Prison for Role in Mortgage Fraud Scheme
November 24, 2009 Posted by Arizona RealEstateRama
PHOENIX, AZ - November 24, 2009 - (RealEstateRama) — Brandon Azadegan, 29, of Phoenix, was sentenced yesterday to 18 months in prison for an April 2009 conviction for his role as an investor selling four homes to a straw buyer. Azadegan pleaded guilty to one count of Conspiracy to Commit Wire Fraud and one count of Transactional Money Laundering. Six other co-conspirators have pleaded guilty for their involvement in the conspiracy. Gheorge Babeti was sentenced to 14 months in federal prison in August 2009. The remaining defendants will be sentenced in the next few months
SCHUMER, KYL OFFER $200M PROPOSAL TO CREATE MORTGAGE FRAUD UNITS AT DISTRICT ATTORNEY OFFICES ACROSS THE COUNTRY
September 29, 2009 Posted by Arizona RealEstateRama
Amid Foreclosure Crisis, Local Prosecutors Lack the Resources, Manpower to Fight New Wave of Mortgage Scams New National Legislation Would Empower DOJ To Award Competitive Grants To States and Localities Seeking to Establish ‘Real Estate Fraud Units’
Goddard Meets with Geithner, Holder to Ramp Up Fight Against Mortgage Fraud
September 17, 2009 Posted by Arizona RealEstateRama
Washington, D.C. - September 17, 2009 - (RealEstateRama) — Arizona Attorney General Terry Goddard met this morning with Treasury Secretary Tim Geithner, U.S. Attorney General Eric Holder, other senior Obama Administration officials and 11 other state Attorneys General to coordinate proactive strategies and strengthen efforts to fight consumer fraud in the housing markets
Real Estate Investor Convicted on 19 Counts for His Involvement in a Mortgage Fraud Conspiracy
September 9, 2009 Posted by Arizona RealEstateRama
PHOENIX, AZ - September 9, 2009 - (RealEstateRama) — Mario Bernadel, 51, of Phoenix, was convicted yesterday on 19 counts of Conspiracy to Commit Mail, Wire, and Bank Fraud; Mail Fraud; Wire Fraud; Bank Fraud, and Transactional Money Laundering as a result of his involvement in a cash back mortgage fraud scheme. Sentencing is set before U.S. District Judge Stephen M. McNamee on November 30, 2009.
Mortgage Officer Pleads Guilty to His Role in Cash-Back Mortgage Fraud Scheme
August 19, 2009 Posted by Arizona RealEstateRama
PHOENIX, AZ - August 19, 2009 - (RealEstateRama) — Jake David Abegg Whitman, 33, of Mesa, Ariz., pleaded guilty on August 18, 2009, to one count of Conspiracy to Commit Bank Fraud and seven counts of Bank Fraud.
Escrow Officer Pleads Guilty to His Role in Cash Back Mortgage Fraud Schemes
August 13, 2009 Posted by Arizona RealEstateRama
PHOENIX, AZ - August 13, 2009 - (RealEstateRama) — Christopher S. Bartlemus, 31, of Phoenix, pleaded guilty to conspiracy counts in two separate indictments on August 10 and August 12, 2009. In one case, Bartlemus pleaded guilty to Conspiracy to Commit Wire, Bank and Mail Fraud and in a separate case, to Conspiracy to Commit Bank Fraud. Sentencing is set before Judge McNamee on November 2, 2009 and Judge Campbell on November 16, 2009.
SEC Charges Four Arizona-Based Promoters in $197 Million Mortgage Lending Scheme
July 29, 2009 Posted by SEC
Washington, D.C. - July 28, 2009 - (RealEstateRama) — The Securities and Exchange Commission today charged four promoters and a Phoenix-based company with securities fraud for orchestrating a mortgage lending scheme that attracted hundreds of investors by making false and misleading statements about the safety and performance of the investments.
Top-tier space left behind by Magnus
November 13, 2007 Posted by Arizona RealEstateRama
Mortgage market troubles give local tenants leverage. Among the relics left behind by failed mortgage lender First Magnus Financial Corp. is plenty of prime office space.
