Long Island mortgage executives charged with warehouse line fraud

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Two LI execs charged in mortgage fraud scheme, feds say. the defendants – executives of a mortgage lender – defrauded banks into lending them money by stating that the money would fund new.

Long Island Mortgage Banker and Five Others Indicted in $30 Million Bank Fraud Conspiracy. Mortgage fraud poses a threat to our financial systems and to our economy.. they lied to the.

Three senior executives at a Long Island mortgage lender were arrested for their role in committing a $8.9 million fraud, according to the U.S. Attorney’s Office. Edward E. Bohm, 39, of.

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The former owner of a Southern California mortgage banking firm has admitted that he duped his warehouse lender. Back in 2007, National City Bank provided warehouse lines of credit to mortgage lenders through an operation that was located in Louisville, Kentucky. The financial institution was a.

State Attorney General Spitzer today announced that as part of his office’s continuing investigation into alleged mortgage fraud, a Suffolk County Grand Jury has returned an indictment charging six individuals with Grand Larceny in the First Degree and other crimes stemming from two separate real estate transactions involving a four-bedroom house located in the Town of East

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$30M Long island mortgage fraud scam busted, Feds Say. Lynch described the alleged schemed as "a prime example of the type of corrupt mortgage-lending practices that preceded the bursting of.

An eleven-count indictment was unsealed today in United States District Court for the Eastern District of New York charging David Gotterup, also known as and Jason Green with conspiracy to commit.

Edward E. Bohm, 39, Nissequogue, New York, Edward J. Sypher, Jr., 40, Scarsdale, New York, and Matthew T. Voss, 42, Northport, New York, all senior executives at Long Island mortgage lender Vanguard Funding, LLC (Vanguard), were the subject of a criminal complaint charging conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for.