Texas resident Mayela Saby Cantu has pleaded guilty to conspiracy to commit wire fraud in a scheme that involved falsified lien payoff statements, fraudulent warranty deeds and deceptive emails to mislead lenders, title companies and property buyers. According to the...
A California man at the center of a real estate scam that raised $13.8 million by falsely promising investors returns of up to 10% was sentenced to 15 years and one month in prison. The Orange County Register reported Brett Barber, who was a co-owner of Newport...
A real estate broker in the Bronx, New York, has been arrested for allegedly coordinating investment scams and the deed theft of a client’s home. Marcia Campbell, who operated Extreme Realty, was accused of conducting three different real estate investment scams: one...
Four people have been charged by Houston police for conducting a rental housing fraud scheme involving identity theft. Click2Houston.com reported that Benjamin and Nazly Greene, Harold Doyle and Teresa Zuluaga were charged with engaging in organized criminal activity....
Steven Cook, the former president of SouthernTrust Bank in Marion, Illinois, was fined $6,000 and sentenced to 50 hours of community service and two weekends in Illinois’ Jackson County jail for his role in a real estate fraud. He will also likely receive a lifetime...
Small Mortgages Fall Below 3% of Originations, Exposing Rural Lending Gap
