Tag Archives: Fraud

The U.S. has settled a civil mortgage lawsuit against Golden First Mortgage Corp. that accused the mortgage company and its owner, David Movtady, of defrauding a government mortgage program, according to an announcement from U.S. Attorney for the Southern District of New York Preet Bharara.

A Florida man pleaded guilty to fraud charges in connection with a home loan modification scam that targeted distressed borrowers, according to an announcement from Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) and Stephen R. Wigginton, U.S. Attorney for the Southern District of Illinois.

A Florida man has been sentenced to 37 months in federal prison for a fraud scheme perpetrated against businesses and individuals seeking lines of credit, according to an announcement from Christy Romero, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP).

A Delaware man has been sentenced to two years in federal prison for his role in a fraud and money laundering scheme involving a bank that was a recipient of funds from the Troubled Asset Relief Program (TARP), according to an announcement by the Special Inspector General for the TARP (SIGTARP) and U.S. Attorney General for Delaware Charles M. Oberly III.

The Special Inspector General for the Troubled Asset Relief Program (SIGTARP) has announced the prosecution of four individuals in three separate cases on fraud-related charges against banks that were TARP recipients.

The investigations team and the audit team of the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), in conjunction with federal partners, were recognized for excellence by the Council of the Inspectors General on Integrity and Efficiency (CIGIE), SIGTARP recently announced.

A former branch manager of an Alabama bank that received assistance through the government's Troubled Asset Relief Program (TARP) was sentenced after pleading guilty to fraud, Special Inspector General for TARP (SIGTARP) announced recently.

Two Colorado men were sentenced to federal prison time and ordered to pay more than $1 million each in restitution for their roles in scheme to defraud a Colorado bank that was a recipient of Troubled Asset Relief Program (TARP) funds, the Special Inspector General for TARP (SIGTARP), Christy Romero, and U.S. Attorney for the District of Colorado John Walsh announced recently.

A Mexican national living in Wichita, Kansas, was sentenced for fraudulently obtaining a mortgage modification loan through the Home Affordable Modification Program (HAMP), which is funded by the government's Troubled Asset Relief Program (TARP), Special Inspector General for TARP (SIGTARP) Christy Romero announced recently.

According to SIGTARP, Zherka secured the loans for the purchase and refinance of apartment complexes across the country, lying all the while about the purchase prices of the real estate, the amount of the down payments he was making, and his assets, income, and tax returns. He also misrepresented the circumstances of a court judgment made against him in 2000 for assault and breach of contract, the special inspector general's office said.