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Representatives of the Federal-State Mortgage Fraud Initiative recently announced charges against 41 people in six separate cases, resulting in more than $40 million in fraudulent loans. Share on Facebook
The man, who conspired with others to defraud Lehman Brothers Bank out of nearly $3.9 million, received the sentence following his February conviction on three counts of fraud. Share on Facebook
Two of the men, who fled to Albania, will likely stand trial for their alleged involvement in the scheme, while the third already pled guilty to the allegations leveled against him. Share on Facebook
Wolters Kluwer Financial Services recently strengthened its Wiz Sentri anti-fraud solution to help U.S. financial institutions prevent crimes tied to cash management activities. Share on Facebook
The fraud scheme victimized 57 property investors, affected the sale of more than 247 residential properties and cost lenders more than $17 million, according to court records. Share on Facebook
The number of insurance fraud arrests in New York was down very slightly in the first half of the year, but conviction are up, according to a newly updated fraud report by the state’s insurance … Read the rest of this great post here Share on Facebook
A former loan officer with World Alliance Financial admitted to stealing the company’s trade secrets and some of its intellectual property that involved reverse mortgage transactions. Share on Facebook
Louisiana Commissioner of Insurance Jim Donelon announced that the Louisiana Automobile Theft and Insurance Fraud Prevention Authority (LATIFPA) within the Department of Insurance has launched a … Read the rest of this great post here Share on Facebook
The owner of Great Title Company of Marlton, Pennsylvania was recently charged with defrauding lenders, clients and the city of Philadelphia out of more than $1.7 million. Share on Facebook
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