Hartford, CT - Former RMBS Trader Convicted of Securities Fraud after Retrial

Jessee C. Litbak, age 47, of Boca Raton, Florida was found guilty of one count of securities fraud stemming from trading in residential mortgage-backed securities (RMBS).

The jury returned a verdict of guilty on one count of securities fraud, and a verdict of not guilty on nine counts of security fraud... More...   $0 (01-28-2017 - cT)

NRS 116.3116-.31168 2 grant a homeowners' association (HOA)
a superpriority lien for certain unpaid assessments and allow an HOA to
nonjudicially foreclose on such a lien if specific requirements are met. In
this appeal, we must determine whether these statutes violate a first
security interest holder's due process rights. We hold that neither the
HOA's nonjudicial foreclosure,... More...   $0 (01-26-2017 - Nv)

Plano, TX - Dallas County Man Sentenced in Bank Fraud Conspiracy

A 64-year-old Grand Prairie, Texas man has been sentenced to federal prison for his role in a conspiracy to commit bank fraud and perjury.

Melvin Ray Layman pleaded guilty on July 20, 2016, to conspiracy to commit bank fraud and conspiracy t commit perjury and was sentenced to 51 months in federal prison on Jan. 11,... More...   $0 (01-22-2017 - TX)

New York, NY - U.S. Settles Lending Discrimination Suit Against JPMorgan Chase For $53 Million

the United States has filed and settled a federal civil rights lawsuit against JPMORGAN CHASE BANK, N.A. (“CHASE”) alleging discrimination on the basis of race and national origin in the conduct of its wholesale lending business, in violation of the Fair Housing Act (“FHA”) and the Equal Credit ... More...   $0 (01-21-2017 - NY)

New York, NY - Credit Suisse Agrees to Pay $5.28 Billion in Connection with its Sale of Residential Mortgage-Backed Securities

The Justice Department announced today a $5.28 billion settlement with Credit Suisse related to Credit Suisse’s conduct in the packaging, securitization, issuance, marketing and sale of residential mortgage-backed securities (RMBS) between 2005 and 2007. The reso... More...   $2028000000 (01-19-2017 - NY)

¶ 1 Here, we consider whether Utah Code section 78B-2-206 bars a challenge to a tax title based on a tax sale effected without notice to an interested party. On May 25, 2000, Uintah County conducted a tax sale, yet failed to provide the record mineral interest owners notice of the sale. Now, over a decade later, the purchaser of the tax title and the individuals who were the record owners of the m... More...   $0 (01-11-2017 - UT)

O’Neal is a former paramedic trainer for the D.C. Fire Department, who ran her own business providing medical training. She also started another company, GL Real Estate Development, to develop group homes and communityassisted living for the elderly.
1 In her pro se filings, O’Neal raises only frivolous arguments, which we summarily reject. A... More...   $0 (01-04-2017 - DC)

Plaintiff James Kingsbury, acting as the personal representative of his mother’s estate, brought the underlying action against the Defendants in their capacities as partners of the limited partnership that owned the nursing home where Mr. Kingsbury’s mother resided at the time of her death. The general partner appeals the judgment entered against it by the district court on the ground that the a... More...   $0 (01-01-2017 - OK)

Detroit, MI - United Shore Financial Services LLC Agrees to Pay $48 Million to Resolve Alleged False Claims Act Liability Arising from FHA-Insured Mortgage Lending

United Shore Financial Services LLC (USFS) has agreed to pay the United States $48 million to resolve allegations that it violated the False Claims Act by knowingly originating and underwriting mortgage loans insured by the U.S... More...   $48000000 (12-29-2016 - MI)

Brooklyn, NY - United States Sues Barclays Bank to Recover Civil Penalties for Fraud in the Sale of Residential Mortgage-Backed Securities

The United States Department of Justice today filed a civil complaint in the Eastern District of New York against Barclays Bank PLC and several of its United States affiliates (together, Barclays), alleging that Barclays engaged in a fraudulent scheme ... More...   $0 (12-23-2016 - NY)

On November 30, 2012, the Jefferson Parish District Attorney filed a bill of
information charging defendant, Michael Reason, with two counts of filing false
public records in violation of La. R.S. 14:133.1 Defendant pled not guilty to the
charges against him and waived his right to a trial by jury. Following a bench trial,
the trial judge found defendant guilty as charged as ... More...   $0 (12-11-2016 - LA)

New York, NY - Jury Finds Allied Home Mortgage Entities And CEO Jim C. Hodge Liable For Civil Mortgage Fraud, Awards The United States Over $92 Million In Damages

Allied Home Mortgage and CEO Face Statutory Trebling of Damages and Penalties for Fraudulent Conduct

a unanimous jury has found the entities formerly known as ALLIED HOME MORTGAGE CAPITAL CORPORATION (“ALLIED CAPITAL”) ... More...   $92000000 (12-01-2016 - NY)

Los Angeles, CA - Long Beach Man Sentenced to 4 Years in Federal Prison for Misusing Bankruptcy Courts to Operate a Foreclosure Rescue Scheme

A Long Beach man was sentenced to four years in federal prison in relation to a mortgage rescue scheme that brought in nearly $3 million from fees from distressed homeowners.

Karl Robinson, 52, was sentenced today by United Stat... More...   $0 (11-30-2016 - CA)

Los Angeles, CA - Ally Financial Agrees to Pay $52 Million to Resolve Investigation into Improper Conduct Related to Issuance of Mortgage-Backed Securities

Ally Financial Inc. has agreed to pay the United States $52 million to settle allegations that its subsidiaries acted improperly in relation to 10 subprime residential mortgage backed securities (RMBS) in 2006 and 2007.

A sett... More...   $0 (11-23-2016 - CA)

STATEMENT OF FACTS AND PROCEDURAL HISTORY
The Events at Headley Insurance
The evidence introduced at Davis’s trial revealed the following. Around
3 p.m. on December 13, 2007, Davis entered the Lake Wales location of the
Headley Insurance Agency (Headley) with the intent to commit robbery. Davis
was armed with a loaded .357 magnum revolver and equipped with duct tape, a <... More...   $0 (11-21-2016 - FL)

On September 17, 2013, defendant, Vincent Rizzo, was charged by uniform citation and complaint forms with (1) a violation of section 11-601.5(b) of the Vehicle Code (625 ILCS 5/11-601.5(b) (West 2012) (“A person who drives a vehicle *** at a speed that is 40 miles per hour or more in excess of the applicable maximum speed limit *** commits a Class A misdemeanor.”)) 2 in that he allegedly drove hi... More...   $0 (11-19-2016 - Il)

Sacramento, CA - Stockton Loan Officer Sentenced for Mortgage Fraud

Mark F. Friend, 62, of Stockton, was sentenced to two years and four months in prison and ordered to pay $1,889,379 in restitution for conspiracy to commit bank fraud in relation to a mortgage fraud scheme.

According to court documents, between September 2006 and March 2007, while working for National City Mortga... More...   $0 (11-18-2016 - CA)

Sacramento, CA - Rocklin Man Pleads Guilty to Large-Scale Mortgage Fraud Scheme

Aleksandr Kovalev, 53, of Rocklin, pleaded guilty to wire fraud involving financial institutions in connection with a mortgage fraud scheme involving the purchase of at least 31 properties.

According to court documents, Kovalev was in the business of developing, building and selling property in Sacram... More...   $0 (11-17-2016 - CA)

Oakland, CA - Tax Defier And Member Of Freedom Law School Sentenced To Thirty-Three Months’ Imprisonment For Tax Evasion

Used Warehouse Bank, Prepaid Debit Cards, Cashier’s Checks, and Postal Money Orders to Conceal Income and Assets From IRS

A resident of Point Richmond, Calif. was sentenced to serve 33 months in prison for tax evasion, announced U.S. Attorney Brian J. Stretch, ... More...   $0 (11-13-2016 - CA)

San Diego, CA - Architect of Multi-Million Dollar Real Estate Deed Theft Scheme Sentenced to 75 Months in Prison

Mazen Alzoubi, a longtime Southern California real estate investor, was sentenced to 75 months in custody by U.S. District Judge Cynthia Bashant for leading a scheme to steal title to homes and then “sell” the properties to unsuspecting buyers – before the buyers realized who t... More...   $0 (11-12-2016 - CA)

Los Angeles, CA - Independent Producer Sentenced to 18 Months in Prison for Stealing Money Generated by Film that Should Have Gone to Partner Company

An independent film producer was sentenced today to 18 months in federal prison for interstate transportation of stolen property related to the theft of nearly $1.5 million that should have gone to his partner in a film production deal.
... More...   $0 (11-07-2016 - CA)

Appellant Mark Aaron Luper appeals the order denying his petition for
postconviction relief. Luper was convicted by a Benton County jury of the rape of his
former stepdaughter, S.H., and sentenced to twenty-three years’ imprisonment in the
Arkansas Department of Correction. Luper appealed, and the court of appeals affirmed. See
Luper v. State, 2015 Ark. App. 440, 468 S.W.3d 289... More...   $0 (11-04-2016 - AR)

New York, NY - Former Treasurer Of Patterson Volunteer Fire Department Pleads Guilty To Fraud And Tax Charges Arising From His Embezzlement Of More Than $1.1 Million

ALBERT MELIN, the former treasurer of the Patterson Fire Department in Patterson, New York (“PFD”), pled guilty today to wire fraud and false subscription to tax returns before Magistrate Judge Judith C. McCarthy in connectio... More...   $0 (11-03-2016 - NY)

Cedar Rapids, IA - Peosta Warehouse Supervisor Sentenced to 78 Months in Federal Prison for Stealing Over $400,000 from his Employer and Lying to a Credit Union

A Dubuque-area man, who stole and sold over $400,000 worth of his employer’s goods on the Internet, was sentenced to 78 months’ imprisonment.

Chad Michael Saeugling, 40, from Asbury, Iowa, received the prison term after h... More...   $0 (11-01-2016 - IA)

New York, NY - Bronx Attorney Pleads Guilty In Manhattan Federal Court To Preparing Fraudulent Tax Returns For Clients

William Doonan, an attorney who operated a tax preparation business in the Bronx, New York, pled guilty to charges related to his participation in filing fraudulent tax returns, falsely claiming more than $6 million in deductions.

Manhattan U.S. Attorney Preet... More...   $0 (11-01-2016 - NY)