A federal grand jury in Baltimore has indicted a Bethesda man for allegedly running a mortgage scam in which he obtained $3.8 million in loans to buy about three dozen row houses in Baltimore. Alberic Okou Agodio, 30, used the ...

Tagged with: mortgage fraud

A state appellate court has revived a mortgage-fraud lawsuit brought against one of Maryland’s largest real estate groups.

Tagged with: maryland Maryland Court of Special Appeals mortgage fraud

A judge has sentenced a broker to more than three years in prison for her role in a mortgage fraud scheme that resulted in nearly $5 million in fraudulent loans. The Maryland U.S. attorney’s office says 60-year-old Mary Anne Dean, ...

Tagged with: homeowners loans mortgage fraud restitution scheme sentencing severna park

The founder of a mortgage scheme that fleeced more than 1,000 people of $78 million was sentenced Friday to 150 years in prison, to be followed by three years of supervised release. Judge Roger W. Titus sentenced Andrew Hamilton Williams ...

Tagged with: homeowners mortgage mortgage fraud ponzi scheme scheme sentencing U.S. Attorney Rod Rosenstein U.S. District Court

William M. Rudow has no shortage of work these days. Rudow, 50, founder of Rudow Law Group LLC in Baltimore, is chasing down brokers who are underwriting fraud and faking documents, title companies that are making disbursements under the table ...

Tagged with: Adelberg Rudow Dorf & Hendler Baltimore fraud mortgage fraud

Authorities say a Maryland man has pleaded guilty to wire fraud for his role in a scheme to defraud lenders and a title insurance company of at least $937,000. The plea agreement for 72-year-old Stephen Troese, of Davidsonville, was announced ...

Tagged with: crime fbi lenders mortgage fraud prosecutors Real Estate title company

Federal prosecutors say an escrow accountant for a title company has pleaded guilty to charges related to a $1.7 million mortgage fraud scheme. Brenda Lukenich, of Hughesville, pleaded guilty Wednesday to mail fraud. Prosecutors say two co-defendants are scheduled to ...

Tagged with: accounting escrow mortgage mortgage fraud Prison sentencing title company

WASHINGTON — Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday. The FBI’s annual report said mortgage schemes are particularly resilient and hard to ...

Tagged with: corelogic fbi federal bureau of investigation housing market mortgage mortgage fraud profits Real Estate washington

GREENBELT — Two people convicted in a Ponzi scheme that defrauded some 1,000 investors of $78 million have been sentenced to prison. Forty-eight-year-old Isaac Jerome Smith of Spotsylvania, Va., was sentenced Monday to nearly six years in prison. Thirty-three-year-old Alvita Karen ...

Tagged with: crime fraud mortgage mortgage fraud ponzi scheme Prison

A Silver Spring man who has represented an NBA All-Star and is a partner in a growing urban clothing line now faces up to 10 years in prison for cheating the government out of more than $1 million in income ...

Tagged with: identity theft maryland mortgage fraud NBA plea deal silver spring tax evasion