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WASHINGTON – Alexander Otis Matthews, a Virginia real estate businessman pleaded guilty today to fraud charges in connection with mortgage and investment schemes to obtain more than $12 million in fraudulent loans. The guilty plea was announced by Assistant Attorney General Lanny A. Breuer of the Criminal Division, U.S. Attorney Neil H. Continue reading… Virginia Real Estate Businessman Pleads Guilty to Mortgage and Investment Fraud Schemes CALIFORNIA REAL ESTATE INVESTORS AGREE TO PLEAD GUILTY TO BID RIGGING AT PUBLIC FORECLOSURE AUCTIONSDepartment of Justice FOR IMMEDIATE RELEASE WASHINGTON — Eight California real estate investors have agreed to plead guilty for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California, the Department of Justice announced. WASHINGTON – The Department of Justice announced late this week that it has filed a lawsuit against the city of New Berlin, Wis., alleging that the city violated the Fair Housing Act by repeatedly taking action to prevent the construction of an affordable housing development by a private developer, MSP Real Continue reading… Justice Department Files Lawsuit Against City of New Berlin, Wisconsin, for Blocking Affordable Housing Department of Justice FOR IMMEDIATE RELEASE WASHINGTON – The former chief executive officer (CEO) of Taylor, Bean & Whitaker (TBW) was sentenced today to 40 months in prison for his role in a more than $2.9 billion fraud scheme that contributed to the failure of TBW. Continue reading… Former TBW CEO Sentenced to 40 Months in Prison for Fraud Scheme WASHINGTON – A former senior vice president and head of Colonial Bank’s Mortgage Warehouse Lending Division was sentenced today to eight years in prison for her role in a more than $2.9 billion fraud scheme that contributed to the failures of Colonial Bank and Taylor, Bean & Whitaker (TBW). Colonial Bank was one Continue reading… Former Colonial Bank Senior Vice President Sentenced to 8 Years in Prison for Fraud Scheme Settlement Provides $3.6 Million to Ensure Equal Lending Services to African-American Community Citizens Republic Bancorp Inc. (CRBC) and Citizens Bank of Flint, Mich., will open a loan production office in an African-American neighborhood in Detroit, invest approximately $3.6 million in Wayne County, Mich., and take other steps as part of a settlement to Continue reading… Justice Department Reaches Settlement with Citizens Republic Bancorp Inc. and Citizens Bank Regarding Alleged Lending Discrimination in Detroit The United States has filed a civil mortgage fraud lawsuit against Deutsche Bank AG and its wholly owned subsidiary, MortgageIT Inc. The government’s complaint seeks damages and civil penalties under the False Claims Act for repeated false certifications made to the U.S. Department of Housing and Urban Development (HUD) in Continue reading… United States Sues Deutsche Bank and Subsidiary MortgageIT for Years of Reckless Lending Practices A real estate investor pleaded guilty this week in U.S. District Court in Sacramento, Calif., to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, Calif., Christine Varney, Assistant Attorney General of the Department of Justice’s Antitrust Division, and Benjamin Continue reading… Real Estate Investor Pleads Guilty to Bid-Rigging at Foreclosure Auctions The Justice Department today announced a settlement of its lawsuit alleging that Chandi Biswas, Kenneth R. Scott and Frankie L. Roberson violated the Fair Housing Act by making discriminatory statements against African-American renters at Rolling Oaks Apartments in Clanton, Ala. The settlement, in the form of a consent decree, was approved Continue reading… Justice Department Resolves Lawsuit Alleging Discrimination on Basis of Race in Clanton, Alabama The Justice Department today filed a lawsuit against Cincinnati landlord Henry E. Bailey alleging that Bailey sexually harassed female tenants at residential properties he has owned and managed in the Cincinnati metropolitan area. The Justice Department today announced a $1.25 million agreement with Warren Properties Inc., Warren Village (Mobile) Limited Partnership and Frank R. Warren to settle allegations that the defendants violated the Fair Housing Act by refusing to grant a tenant’s requests for a reasonable accommodation. This settlement is the largest ever obtained Continue reading… Justice Department Settles Disability Discrimination Case Against Property Management Company for $1.25 Million The Justice Department today announced that South Dakota property owner TK Properties L.L.C. and one of its principals, Scott Terveen, have agreed to pay $30,000 in monetary damages and civil penalties to settle a Fair Housing Act lawsuit against them. The lawsuit alleges that they discriminated against three families who lived Continue reading… Justice Department Settles Housing Discrimination Lawsuit Against South Dakota Apartment Owners The Justice Department filed a lawsuit yesterday against a Gulfport, Miss., newspaper and a landlord and her agent for violating the Fair Housing Act by discriminating against families with children. The lawsuit, filed in the U.S. District Court for the Southern District of Mississippi, charges that Penny Pincher, a weekly want-ad newspaper distributed Continue reading… Justice Department Files Fair Housing Lawsuit Against Mississippi Newspaper and Two Individuals for Discrimination Against Families with Children A former residential sales manager at a Florida property management company pleaded guilty to wire fraud in connection with housing repair contracts for the U.S. Department of Veterans Affairs (VA), the Department of Justice announced this week. Benjamin K. Graves, formerly a residential sales manager at West Palm Beach, Fla.-based Ocwen Loan Continue reading… Former Employee of Florida Property Management Company Pleads Guilty to Wire Fraud
Settlement Provides $2 Million to African-American Borrowers Who Paid Higher Interest Rates PrimeLending, a national mortgage lender with 168 offices in 32 states at the end of 2009, has agreed to pay $2 million to resolve allegations that it engaged in a pattern or practice of discrimination against African-American borrowers between 2006 and 2009. Todd M. Gongwer, of Columbus, Ohio, was sentenced today to two years in prison for conspiring with convicted Columbus area home builder Thomas Parenteau to commit a mortgage fraud scheme in which the pair defrauded banks into lending more than $10 million to Gongwer, his nominees and unqualified borrowers, the Justice Continue reading… Ohio Real Estate Agent Sentenced to Two Years in Prison for Mortgage and Tax Fraud The Justice Department announced this week that a Munster, Ind., condominium association and its three member board of directors have agreed to pay $120,000 to resolve allegations that they refused to approve the sale of a condominium to an African-American couple because of their race and because they had children. The settlement must still be approved Continue reading… Justice Department Obtains $120,000 Settlement in Housing Discrimination Lawsuit Against Indiana Condominium Association The Justice Department filed a lawsuit last week against the owner and manager of Royal Arms Apartments, a 26-unit apartment building in Ravenna, Ohio, for violating the Fair Housing Act by discriminating on the basis of familial status in the rental of apartments. The lawsuit, filed in the U.S. District Court for the Northern Continue reading… Justice Department Files Fair Housing Lawsuit Alleging Discrimination at Royal Arms Apartment Complex in Ohio A federal district judge in Shreveport, La., has found that Reggie Collier, a Louisiana landowner, violated the Fair Housing Act by interfering with the sale of a home based on the perceived race of the buyer, the Justice Department announced today. The court ordered Collier to pay a Continue reading… Court Finds Shreveport, La., Landlord Denied Housing on the Basis of Race A Raleigh, N.C., real estate speculator pleaded guilty to conspiring to rig bids for public real estate foreclosure auctions held in multiple counties in eastern North Carolina, the Department of Justice announced today. Christopher J. Deans pleaded guilty yesterday in U.S. District Court in Greenville, N.C., for participating in a conspiracy to rig bids during the Continue reading… North Carolina Real Estate Speculator Pleads Guilty to Bid Rigging in Real Estate Foreclosure Auctions The Justice Department filed a lawsuit yesterday against the owners, developers, architects and civil engineers of Park Place Apartments, a 276-unit complex in Louisville, Ky., for failing to provide accessible features required by the Fair Housing Act. A federal jury in Detroit yesterday returned a $115,000 verdict against an Ypsilanti, Mich., man for sexually harassing female tenants in his capacity as a property manager, the Justice Department announced today. The jury also found the property owner and his company liable for the illegal harassment. The lawsuit, filed Continue reading… Jury Awards $115,000 to Victims of Housing Discrimination Three North Providence town councilmen, including the President of the Town Council, were arrested by federal agents today on criminal complaints charging them with extortion and accepting a bribe. It is alleged the councilmen accepted a $25,000 bribe in return for favorable votes on a zoning change for a retail development Continue reading… Three North-Providence Councilmen Charged with Taking Bribe from Developer A Baltimore attorney was sentenced today in U.S. District Court in Baltimore to serve one year and one day in jail and to pay an $800,000 criminal fine for rigging bids at various Maryland tax lien auctions, the Department of Justice announced today. Harvey M. Nusbaum pleaded guilty to a one-count charge of Continue reading… Baltimore Attorney Sentenced to One Year in Jail For Bid Rigging at Maryland Tax Lien Auctions A 41-year-old Prior Lake man was sentenced yesterday in federal court in St. Paul on charges connected to an equity-skimming scheme that targeted vulnerable homeowners. United States District Court Judge Patrick J. Schiltz sentenced Michael Fiorito to 270 months in prison on one count of conspiracy to commit mail fraud and six counts of mail Continue reading… Former Mortgage Broker Sentenced to Nearly 23 Years in Prison For Defrauding Vulnerable Homeowners A Stockton real estate executive pleaded guilty today in the U.S. District Court in Sacramento, Calif. to conspiring to rig bids at public real estate foreclosure auctions held in San Joaquin County, Benjamin B. Wagner, United States Attorney for the Eastern District of California and Christine Varney, Assistant Attorney General of the Department of Justice’s Continue reading… Investor Busted For Bid Rigging At Foreclosure Auctions Allegedly Concealed More Than $45 Million in Offshore and Domestic Nominee Bank Accounts Mauricio Cohen Assor and his son, Leon Cohen-Levy, each with residences in Miami Beach, Fla., have been charged in a criminal complaint with conspiring to defraud the United States, the Justice Department and the Continue reading… Miami Beach Hotel Developers Charged with Conspiring to Defraud United States U.S. Attorney John M. Bales announced that 40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas. The 16-count indictment was returned by a federal grand jury on March 10, 2010, and includes one count of conspiracy to commit mail and wire fraud, 12 counts Continue reading… Forty Indicted in Major East Texas Mortgage Fraud Scheme The Justice Department today filed a lawsuit against the owner and property manager of a 48-unit apartment complex in Ann Arbor, Mich., alleging that the defendants discriminated on the basis of race or color in the rental of apartments, the Justice Department’s Civil Rights Division and the U.S. Attorney’s Office for the Eastern District of Continue reading… Justice Department Files Lawsuit Alleging Racial Discrimination at Ann Arbor, Michigan, Apartment Complex Dennis Norman Maybe I’m naive, but it surprises me that some property managers (and owners) are clueless about Fair Housing Laws or just blatantly disregard them…particularly owners and operators and large apartment complexes. I’m going to share information on another settlement, and an expensive one at that, the Department of Justice obtained from the property owners and managers to Continue reading… Housing Discrimination is Illegal – And Expensive |
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