Attorney Behr’s mortgage fraud prosecutions series continues with the following EXCERPT: ii. State Dissimilar to legislation by the federal government, the State of Florida and other states have specific promulgated legislation to prosecute mortgage fraud. Florida has three different statutes regarding mortgage fraud. The first two statutes are more concerned…
Steven Shrago, a St. Petersburg mortgage broker, has been indicted among many other mortgage brokers in the area of disguising the risks of investing in mortgage backed securities. The original complaint filed against the defendants in the US District Court of Florida claimed that retirees were targeted by falsely marketed…
Yvette Scott Patterson appeared in court recently in connections with a mortgage fraud operation. She fled the country to Jamaica, trying to avoid being detained. Her business front used fraudulent bank statement, fake employment verifications, stolen drivers licenses and other false documents in order to secure loans for the homes…
Angelo Mozilo is in hot water with mortgage fraud charges and civil lawsuits in 4 states, Florida included. Mozilo’s Countrywide Financial is just one of the many mortgage brokerages under fire for profiting and conductive illegal activity during the recently devastating boom and bust. Last July, Bank of America, for…
Attorney Behr’s mortgage fraud prosecutions series continues with the following EXCERPT: 18 U.S.C. § 2314 Transportation of stolen goods, securities, moneys, fraudulent State tax stamps, or articles used in counterfeiting Under this statute, a person who enables assists or intends to enable property with a value of $5,000.00 or more…
South Florida Criminal Defense Lawyer Blog is proud to present the next installment of Attorney Behr’s mortgage fraud prosecutions series: 18 U.S.C. §1956 Laundering of monetary instruments & 18 U.S.C. §1957 Engaging in monetary transactions in property derived from specified unlawful activity Both statutes essentially have the same purpose of…
The next installment of Attorney Behr’s mortgage fraud prosecutions series: 18 U.S.C. §1956 Laundering of monetary instruments & 18 U.S.C. §1957 Engaging in monetary transactions in property derived from specified unlawful activity Both statutes essentially have the same purpose of preventing persons from legitimizing proceeds obtained illegally although there are…
South Florida Criminal Defense Lawyer Blog is proud to present the next installment of Attorney Behr’s mortgage fraud prosecutions series: 18 U.S.C. §1344 Bank Fraud Persons who knowingly executes or makes an attempt to execute a scheme or ploy to “…defraud a financial institution; or to obtain any of the…
Victor Thomas Clavizzao, 46, has been sentenced to 5 years in prison on convictions of conspiring to commit mortgage fraud. The court also ordered Clavizzao to pay $2 million in restitution and to forfeit an additional $6 million. Clavizzao had entered a guilty plea on September 23, 2009. Court documents…
Inyang Amos was charged via a superseding indictment with 10 counts of mortgage fraud through interstate wire, one count of engaging in a monetary transaction involving criminally derived property and two counts of aggravated identity theft. He allegedly devised and executed the fraudulent scheme from 2003 through 2006 in which…