March2011
Santa Cruz woman arrested in foreclosure assistance scam
Mar. 17, 2011
In order to induce victims to send her money, Bonelli misrepresented the assessed value of the property used as collateral as well as her true interest in those properties. Bonelli caused prior deeds of trust on the collateral properties to remain unrecorded, thereby intentionally creating the appearance of less-encumbered collateral property to potential investors. She also utilized individuals as "door knockers" who solicited owners of properties in mortgage distress for so-called "mortgage assistance." The door knockers, acting at Bonelli's instruction, had the owners of distressed properties sign blank real estate sales contracts.
Alleging refi scam, AG sues California entity
March 15, 2011
Minnesota Attorney General Lori Swanson is suing Meredian Financial Corp., claiming the California-based mortgage lender and broker scammed Minnesota homeowners into paying refinance fees and then failed to deliver the promised services.
Family members convicted in multi-million dollar mortgage fraud scheme
March 9, 2011
The jury found that Anyanwu and Udeh, who are natives and citizens of Nigeria, conspired with Andrew Ashiegbu and his wife Linda Ashiegbu (the sister of Doris Anyanwu), and Ursula Ogamba, a family friend, to obtain loans from various lenders through fraudulent representations on the loan applications. The fraudulent representations included overstated gross monthly income, overstated asset balances, and false claims of United States citizenship. Fraudulent documentation such as verifications of rent, verifications of employment, W-2 forms, and altered bank statements were submitted with the fraudulent loan applications. Other individuals were recruited to assist in providing information to the lenders. Those individuals gave the lenders a false representation of the financial standing of Anyanwu and Udeh.
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