MLK said: "Injustice Anywhere is a Threat to Justice Everywhere"

End Corruption in the Courts!

Court employee, judge or citizen - Report Corruption in any Court Today !! As of June 15, 2016, we've received over 142,500 tips...KEEP THEM COMING !! Email: CorruptCourts@gmail.com

Wednesday, August 26, 2009

4 'Officers of the Court' Charged in Mortgage Fraud

8 arrested in alleged mortgage scam
The Journal News by Rebecca Baker - August 26, 2009
rebaker@lohud.com

Eight people, including four lawyers, face charges in an alleged mortgage scheme that defrauded four Westchester County families and two mortgage lenders of $1.4 million. The three-year scheme targeted vulnerable people living in Croton-on-Hudson, Yorktown, Cortlandt and Mount Vernon who were about to lose their homes, authorities said. The victims lost their homes and were evicted or are now fighting eviction proceedings. The arrests followed a nine-month probe by the Westchester County District Attorney's Office and the state Banking Department.

Prosecutors say the scam went like this: The defendants found their victims through notices of public auction or foreclosure. They reached out to the cash-strapped homeowners and gained their trust, saying they could transfer the deed to an investor, who would hold the title for 12 to 24 months so they could save money and reclaim their home. But once the "investor" took title, phony checks were presented to the lenders for much higher amounts than what the straw buyer paid for the home. Those checks allowed the group's members to get inflated mortgages, which they used to pay off the original mortgage and keep the remainder for themselves. "The whole purpose of this scheme was to line their pockets," Westchester Assistant District Attorney Brian Conway said. "These transactions were doomed to fail, and they did fail." With the homes stripped of their equity, the former owners were left with nothing. They have filed civil lawsuits to try to reclaim what they lost, prosecutors said. “These are serious financial crimes,” District Attorney Janet DiFiore said. “These crimes have the potential to destroy entire neighborhoods.” Prosecutors alleged that:

Doreen Swenson, 60, and Hubert "Phil" Hall, 62, a married couple from Tarrytown, helped set up the phony mortgages as principals of the Doran Group. According to the indictment unsealed yesterday, Hall told authorities that he was aware they were in trouble and that he would plead guilty to avoid jail. Hall is a former editor at a precursor to The Journal News.
Amerigo DiPietro, 59, of Brewster, who owned Interstate Monetary Concepts in Briarcliff Manor, acted as a mortgage broker. Wilma Shkreli, 32, of Westwood, N.J., also known as Wilma Gecay, worked for IMC and posed an an investor.
Attorneys David Reback, 67, of Rye Brook and Eileen Potash, 52, of Queens represented the Doran Group.
• Attorneys Mildred Didio of Manhattan and Frank Corigliano of Newtown, Conn., both 44, represented the straw buyers or acted as settlement agents for the lenders.

The defense lawyers for the real estate attorneys said their clients were paid a standard rate of $750 to $1,500 for each closing and didn’t make any extra money on the alleged scheme. "This is like the gang that couldn't shoot straight," said Reback's lawyer, former Rockland County District Attorney Kenneth Gribetz. The group received $437,750 in loan money from a Mount Vernon home scam in December 2004; $240,000 from a Cortlandt home in June 2005; $348,000 from a Yorktown home in March 2006; and $373,600 from a Croton home in January 2007. Argent Mortgage Co. and Fremont Investment and Loan were the lenders. Westchester County Judge Barbara Zambelli set bail amounts at $25,000 to $200,000 for the defendants. Six of them were making arrangements with bail bondsmen after their arraignments. The Tarrytown couple were unable to make bail, however, and were led out of court in handcuffs. The lawyers were ordered to return to court Sept. 8. Their clients face up to five to 15 years in state prison on the top count. Meanwhile, DiFiore urged Westchester residents who think they or their relatives were victims of mortgage fraud to call 914-995-3460.

9 comments:

ENOUGH IS ENOUGH NOW said...

Just when I thought I had heard everything..Where ever there's a fraud being committed, you're going to find an Attorney with his DIRTY STINKING HANDS all over it..What will they think of next..They've robbed everyone, and everything!!! When are these THUGS going to realize that they can't get away with committing crimes!!!!!!!!!!!

Anonymous said...

all this proves is this is our self-governed lawyers, even if you suspect illegal activities, who do you call, who monitors them, who will stop it while it is happening.......it certainly is not going to be another lawyer!

Anonymous said...

These poor people who were evicted... will more than likely need help from Social Services..

but.. even where you show Social Services proof of a fraud ... they ignore it... instead of searching for the real assets as defined by their laws......

By the time they are done..the papers they required.. end of hurting instead of helping... Go figure...

Anonymous said...

If the Greenwald Law Offices in Chester, New York is investigate the FEDS would have a very productive day.

Anonymous said...

some folks from Westchester and surrounding counties were involved in stealing a registered nurse's canaan home in columbia county combined with some corrupted state court proceedings and corrupted Ch. 13 ndny process; the Ch 13 attorney who was a "Trustee" is on the Bruno "Dream Team" of supporters in the Bruno corruption trial.

Anonymous said...

Tell me did Janet do this job herself? Don't tell me because everybody knows she is too busy with her mob boytoy. ps Frank doesn't mind

Wilson said...

Here is a great chance to drive a large number of visitors to your blogs and websites for free.

Submit your websites, blogs, videos to http://www.zillionsb.com and get 1000s of targeted visitors everyday for free. It also helps your websites/blogs gain valuable backlinks.

Let the other bloggers cast their votes to push your posts up for a greater visibility. Enjoy a free, huge traffic to your sites.

Thanks

Wilson
http://www.zillionsb.com

Wallis said...

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Susan

http://pay-dayadvance.net

Wilson said...

Here is a great chance to drive a large number of visitors to your blogs and websites for free.

Submit your websites, blogs, videos to http://www.zillionsb.com and get 1000s of targeted visitors everyday for free. It also helps your websites/blogs gain valuable backlinks.

Let the other bloggers cast their votes to push your posts up for a greater visibility. Enjoy a free, huge traffic to your sites.

Thanks

Wilson
http://www.zillionsb.com

Blog Archive

See Video of Senator John L. Sampson's 1st Hearing on Court 'Ethics' Corruption

The first hearing, held in Albany on June 8, 2009 hearing is on two videos:


               Video of 1st Hearing on Court 'Ethics' Corruption
               The June 8, 2009 hearing is on two videos:
         
               CLICK HERE TO SEE Part 1
               CLICK HERE TO SEE Part 2