Mortgage Fraud Press Releases

October 22, 2014

KANDI: Former Pierce County Hard Money Lender Sentenced to Prison for Mortgage Fraud Scheme

April 21, 2014

KANDI: Former Pierce County Hard Money Lender Pleads Guilty to Mortgage Fraud Scheme

June 11, 2013

KANDI: Pierce County Hard Money Lender Indicted for Conspiracy, False Statements and Mail Fraud in Mortgage Fraud Scheme

January 28, 2013

PORTMANN: Former Bank VP Sentenced to Ten Years in Prison for Mortgage Fraud Scheme

January 15, 2013

MORTGAGE FRAUD: Three Pierce County Women Sentenced in Mortgage Fraud Scheme that Crippled Pierce Commercial Bank

December 5, 2012

Mortgage Fraud: Three Defendants who Participated in Massive Mortgage Fraud Scheme Sentenced to Prison

September 18, 2012

PORTMANN: Former VP of Pierce Commercial Bank Pleads Guilty to Fraud

September 14, 2012

STRONG AND WALDRON: Two King County Men Sentenced to Prison for Mortgage Fraud Scheme

April 1, 2011

ASHMORE: Bellevue Man Sentenced to Prison for Conspriacy and Wire Fraud in Mortgage Fraud Scheme

10/12/10 POFF
FORMER WASHINGTON RESIDENT SENTENCED TO 11+ YEARS IN PRISON FOR MORTGAGE FRAUD SCHEME
Loan Originator Forged Documents, Defrauded Banks and Sellers in Scheme

9/20/10 ASHMORE
BELLEVUE MAN CONVICTED OF CONSPIRACY AND WIRE FRAUD IN MORTGAGE FRAUD SCHEME
Defrauded Lenders Using Straw Buyers and Phony Information on Loan Applications

9/17/10 BRANDT
DISBARRED ATTORNEY AND ESCROW COMPANY PARTNER SENTENCED TO PRISON FOR MORTGAGE FRAUD SCHEME
Men Used Client Trust Account to Fund Mortgage Fraud Scheme

8/10/10 BAUTISTA
FORMER MORTGAGE ORIGINATOR INDICTED FOR SCHEME MISUSING FORMER CLIENTS’ PERSONAL INFORMATION
Woman Allegedly Obtained Loans in the Names of Past Clients for New Novice Purchasers

4/2/10 BRANDT
DISBARRED ATTORNEY CONVICTED OF MORTGAGE FRAUD SCHEME
Former Bellevue Attorney Used Client Trust Account to Fund Mortgage Fraud Scheme

3/17/10 POFF
FORMER WASHINGTON RESIDENT CONVICTED OF MULTIPLE COUNTS OF CONSPIRACY, BANK FRAUD, WIRE FRAUD, AND MONEY LAUNDERING IN MORTGAGE FRAUD SCHEME
Loan Originator Forged Documents, Defrauded Banks and Sellers in Scheme

7/6/09 JET CITY-LE
MORTGAGE COMPANY AND OWNER SENTENCED FOR MORTGAGE FRAUD SCHEME
Defendants Falsified Loan Applications on Houses used for Marijuana Production

6/3/09 REYES-RODRIGUEZ
FIVE ACCUSED IN MORTGAGE FRAUD SCHEME THAT CHEATED BANKS AND PROPERTY SELLERS
Real Estate Agents, Mortgage Loan Originators, and Escrow Company Employee Conspire
in $18 Million Fraud

4/17/09 LE
MORTGAGE COMPANY AND OWNER PLEAD GUILTY TO CONSPIRACY TO COMMIT WIRE FRAUD AND MONEY LAUNDERING
Defendants Falsified Loan Applications on Houses used for Marijuana Production

3/26/09 MORTGAGE FRAUD SCHEME
SIX ARRESTED IN $47 MILLION MORTGAGE FRAUD SCHEME
Mortgage Brokers and Escrow Company Allegedly Defrauded Banks and Financial Institutions

2/27/09 BROOKS
BELLEVUE MAN SENTENCED TO SEVEN YEARS IN PRISON FOR MORTGAGE FRAUD SCHEME
Obtained More than $27 Million in Fraudulent Loans on 54 Home Sales

7/11/08 BROOKS/MOSS
BELLEVUE COUPLE INDICTED FOR MORTGAGE FRAUD SCHEME
Couple Obtained More than $27 Million in Fraudulent Loans on 54 Home Sales

6/19/08 MALICIOUS MORTGAGE
SIX INDICTED FOR MORTGAGE FRAUD IN OPERATION “MALICIOUS MORTGAGE” - Lawyer, Mortgage Broker and Others Conspire in $8.5 million Fraud, “Flipping” Dozens of Houses

12/11/06 ALMUSSA
KIRKLAND LOAN OFFICER CONVICTED OF WIRE FRAUD IN CONNECTION TO MORTGAGE FRAUD SCHEME - "Straw Buyers" Purchased Homes and Submitted False Documents to Get Cash above Property Value