A father and son team were indicted for their roles in a scheme to defraud investors of more than $280 million in two municipal bond offerings tied to the construction of the 320-acre Legacy Park sports complex in Mesa, Arizona. Randy Miller is the former chairman and...
A Canadian man who was found guilty and is awaiting sentencing for scamming buyers of RV sites in British Columbia is facing new charges by Calgary police for coordinating a similar scheme in Alberta. The Calgary Herald reports that Craig Douglas McMorran was found...
A pair of Fiji nationals residing in California were sentenced for leading a multimillion-dollar mortgage fraud scheme. According to court records, Jyoteshna Karan and Praveen Singh Karan conspired to make straw purchases and short sales of approximately 15 homes from...
Four real estate investors were sentenced for coordinating a multi-year conspiracy that fraudulently obtained multimillion-dollar loans on commercial and multifamily properties. Aron Puretz and his son, Chaim “Eli” Puretz, both of New Jersey, were sentenced to prison...
The Boston Division of the Federal Bureau of Investigation (FBI) has issued a warning to both property owners and real estate agents regarding what it dubbed “a steady increase in reports of quit claim deed fraud” across New England. The FBI noted that 58,141 victims...
Altisource’s Foreclosure Auction Inventory Surges as Service Revenue …
