Owner of Florida Mortgage Company Sentenced to Over 11 Years in Prison for Orchestrating $64 Million Fraud Scheme. Hector Hernandez, 57, of Miami, Florida, the owner and operator of Great Country Mortgage Bankers (Great Country), a mortgage lender in Miami, was sentenced for conspiracy to commit wire fraud affecting a financial institution. He was also ordered to pay $64,508,141 in restitution and to forfeit $8,000,000 in illicit profits.
These agencies accept complaints about investment fraud and violations of securities laws. Complaints About Mortgage Companies. If you have a complaint against a mortgage company, try to resolve it with the company first. Several government agencies accept complaints about mortgage lenders.
Florida Department of Financial Services’ Division of Insurance Fraud Invites Public Comment During Reaccreditation Process 02/26/2015 Alachua County Man Arrested for.
In a mortgage fraud case in Florida the term "material" is defined to mean a fact a reasonable person would use to decide whether to do or not to do something. A fact is material if it has the capacity or natural tendency to influence a person’s decision.
Seventeen Individuals Indicted for mortgage fraud scheme. The defendants conspired to fraudulently obtain mortgage loans for unqualified buyers of units in two condominium projects on the west coast of Florida: Portofino at Largo, also known as Indian Palms, in Largo, Florida; and Bayshore Landing, in Tampa, Florida.
Press Release. Three California Residents Sentenced in $20 Million Mortgage fraud scheme july 16, 2018. dorothy matsuba, Jamie Matsuba, and Thomas Matsuba, were sentenced to 240, 135, and 168 months in prison, respectively, for their roles in a foreclosure rescue scheme.
The list was originally designed as a resource to report mortgage fraud, predatory lending scams and identity theft in Florida but may also serve those who are victims of many types of fraud in.
Daniel Cardenas, 37, Tampa, Florida, was sentenced today to 18 months in federal prison for conspiracy to commit wire fraud. According to court documents, from as early as October 2007 through May 2008, Cardenas and others conspired to execute a wire fraud scheme affecting financial institutions.
Florida Median Sales Prices Up for 86th Straight Month which helps affordability and will help spur more home sales,’ he added. The data also show that the median price for all housing types in April was $267,300, up 3.6% from April 2018 and the 86th.
Refi Recession Drives Up Mortgage Fraud Risk. A Florida loan originator is headed to prison after admitting to federal authorities that he helped in the sale of condominiums by fooling mortgage lenders with bogus documents.. mortgage executives. mortgage fraud. mortgage fraud blog. mortgage fraud local news. mortgage Fraud Index.