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Mortgage Fraud
U.S. sues Bank of America for $1B-plus in mortgage fraud
October 24, 2012
Associated PressThe top federal prosecutor in Manhattan sued Bank of America for more than $1 billion on Wednesday for mortgage fraud against
Fannie Mae and Freddie Mac during the years around the financial crisis.
MoreZionsville real estate schemer sentenced to 30 months
March 14, 2012
Kathleen McLaughlinA Zionsville man who pushed real-estate investing schemes has been sentenced to 30 months in prison after pleading guilty
to wire fraud and money laundering.
MoreSuit accuses Bank of America of fraud, racketeering
March 31, 2011
Scott OlsonThe complaint, filed in Marion Superior Court, follows a similar suit that was dismissed in federal court. Bank of America
and its Countrywide unit are accused of using perjured affidavits to foreclose on homes.
MoreHome Loan Bank sues over losses on $3B mortgage portfolio
November 18, 2010
Cory SchoutenThe Federal Home Loan Bank of Indianapolis is suing some of the nation’s largest financial institutions to recover losses
on a $3 billion portfolio of mortgage-backed securities.
MoreEx-Indiana University player Leary pleads guilty in fraud
July 16, 2010
Associated PressTodd Leary of Carmel pleaded guilty in court Thursday to a felony charge of misappropriating title insurance escrow funds.
His agreement with prosecutors calls for him to face up to three years in prison, with that cut in half if he pays nearly
$295,000 in restitution.
MoreFraud scheme nets Indianapolis man 15 years in Texas
May 4, 2010
Louis Simpson bilked investors of $948,500 by claiming to operate a program with the Department of Housing and Urban Development.
MoreFour charged with income tax fraud
April 7, 2010
A business owner and three people allegedly involved in a large mortgage fraud scheme face prison sentences for failing to
report income or file certain tax forms.
MoreEx-investor sentenced in Indiana mortgage fraud
January 5, 2010
IBJ Staff and Associated PressRobert A. Penn, 44, of Naples, Fla., received seven years in prison and was ordered to pay more than $11 million in restitution.
MoreLocal man gets 37 months in mortgage-fraud scheme
November 10, 2009
Cory SchoutenA federal judge has ordered an Indianapolis man to serve 37 months in prison and pay $1.7 million in restitution for his role
in a massive mortgage fraud scheme.
MoreNoblesville man sentenced for mortgage fraud
July 9, 2009
IBJ StaffA Noblesville man was sentenced to one year of home detention yesterday after pleading guilty to mortgage fraud in federal
court. Marvin G. Hampton also was ordered to pay $262,424.76 in restitution to three lending institutions.
MoreLenders foreclose on at least 20 properties in mortgage scheme
October 20, 2008
Cory SchoutenCharter Homes recruited and paid buyers to take out inflated mortgages on dozens of central Indiana homes it built, promising to manage the properties as rentals and make payments for the owners, current and former Charter business partners say.
SPECIAL REPORT: Charter Homes draws scrutiny for odd sales claims, multiple liens
August 25, 2008
Cory SchoutenCharter Homes owner Jerry Jaquess fancies himself a white knight for King Park, a neighborhood once known mainly for its rampant
crime, boarded-up homes and vacant lots. But as he’s constructed a slew of homes and carriage houses there, the local
builder has stirred up several lawsuits, dozens of liens and persistent questions about whether his business is legit.
MoreRegulators seek mortgage reforms
December 3, 2007
Peter SchnitzlerState regulators want more firepower to fight mortgage crimes. But a month before the General Assembly convenes, real estate
interests are uneasy, fearing lawmakers may go overboard.
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See, I told u Indyman and Dipsicle....this 8 days is overkill. It's barely worth a weekend....great job Tony George! Your dream has been fulfilled....he fans want the I r l back. Thats how good it was.....and that sucked.
I have been in training for a short time now but right off I can see that safety and quality are the number one issues, my experience as of late has been a positive one, the employees along with Jeff the plant manager and the operation supervisor as well as the engineers are a highly motivated group of people, what an asset for the area to have and for company's in need of a quality metal products.
Pimlico
While I understand the severity of their actions as well as everyones eagerness to hold them responsible for thier lost funds, these gentlemen did know how to make money. Dispite thier poor decisions over the ownership of Fair they had made several wise investments which paid them greatly. This proves they do have the potential to rebuild so they can repay. I do not feel they should live the life of luxuary but given an opportunity could they find ways of repaying the debts? They are doing nothing now but being a burden on tax payers. Just a thought!!!!!
You guys have some "interesting" comments to say the least. I hope you will call in and share those opinions starting June 1. I'm looking forward to having you on the air.