Straw buyer fraud

What Is Straw Buyer Fraud And Occupancy Fraud?

As The Feds Crack Down On Straw Buyer Fraud And Occupancy Fraud, It’s Important To Know What These Are And How They Are Different The federal government has been cracking down on straw buyer fraud and the numbers show it. Convictions for straw buyer fraud over the past three years are up nearly 200% compared […]

cheap Detroit homes

Cheap Detroit Homes And Straw Deals Don’t Mix

Cheap Detroit Homes And Straw Deals Don’t Mix As Nine Detroiters Head To Federal Prison For Mortgage Fraud  Cheap Detroit homes and straw deals land nine Metro-Detroiters in federal prison. Five of the fraudsters were sentenced to prison this week for their roles in a multi-year mortgage fraud conspiracy.  The conspirators recruited straw buyers to […]

Straw buyer fraud

Straw Deal Scheme Mastermind Pleads Guilty

Accountant Cecil Sylvester Chester Used Fraudulent Loan Documents In $1.4 Million Straw Deal Scheme Accountant Cecil Sylvester Chester of Mitchellville, Maryland pleaded guilty today to charges arising from the fraudulent straw deal scheme involving seven properties in Baltimore. Chester used fraudulent loan documentation and straw purchasers, resulting in losses of over $1.7 million to mortgage lenders. […]

Straw buyer fraud

Family Convicted in $3.8M Straw Borrower Scheme

Woman and Her Parents Found Guilty of Bank Fraud, Wire Fraud, Conspiracy To Commit Bank Fraud & Wire Fraud In $3.8M Straw Borrower Scheme Silver Buckman and her parents, Vincent and Cynthia Foxworth are going to prison for operating a $3.8 million straw borrower scheme. A jury found the trio guilty of bank fraud and wire […]

JPMorgan Chase Loan Offr

Fraudster Gets 7 Year In Slammer For $15M Mortgage Scam

Timothy Ricks & 11 Others Profited In Mortgage Scam Using Fake Docs To Get Mortgages For Straw Buyers Timothy Ricks, 47, East Orange, New Jersey, was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents […]

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