Real Estate Fraud
Fraud Lawsuit Against HGTV Fixer Upper Star
A million dollar fraud lawsuit has been served to HGTV’s “Fixer Upper” star Chip Gaines, thanks to Gaines’ two partners he brought out. Former co-owners of Magnolia Realty, John L. Lewis and Richard L. Clark, filed a 24-page suit against Gaines, claiming the
Read More
Real Estate Flop Scam
Flipping homes has been booming as the latest investment opportunity, unfortunately with a flip opportunity could come real estate flop problems. This article shows how real estate flop could affect your investment and what you can do to try to avoid it if
Read More
Celebrities Behind Hollywood Money Scandals
Celebrity financial habits somehow fascinate the everyday folks, from how they choose to spend or save their multi-million dollar fortunes and the legal trouble they find themselves in when the behavior of their bank accounts go awry. Take Martha
Read More
Avoid Mortgage Refinance Scams
Refinancing your mortgage is a common occurrence for homeowners, however scammers might be targeting you during this process. These con artists will use email, phone calls, fliers and even direct mail to lure you in, but beware — these scams are designed to steal
Read More
Feds Call National Mortgage Servicer
The Federal Trade Commission and Consumer Financial Protection Bureau are not playing any games when it comes to making loan servicers pay for illegal and unscrupulous behavior. The latest case, Green Tree Servicing LLC. Today, the FTC and CFPB reached a
Read More
Bank of America to Pay $17 Billion for Bad Home Loans
According to Philly.com, the SEC writes: “The Securities and Exchange Commission today announced a settlement in which Bank of America admits that it failed to inform investors during the financial crisis about known uncertainties to future income from its exposure
Read More
Gilbert Resident Accused of Multi-Million Dollar Fraud
A Gilbert resident accused of multi-million dollar fraud was involved in California Republican campaigns. Farzaneh Akhavi, 55, is being accused of using her influence to systematically defraud a political hopeful out of $1.6 million. She was charged in a federal indictment of
Read More
Firm Cons Lenders Out of $1.5 Million – Caught with Interpol Red Notice
Scamming banks and lenders was part of the job for Johar Mirza, the 33-year-old boss of a firm who allegedly tricked banks by submitting false mortgage applications and conning lenders out of $1.5million. The four year scandal led to an
Read More
Judge Says U.S. Fraud Case vs. Bank of America Should Be Tossed
A federal judge has recommended the dismissal of a U.S. government lawsuit accusing Bank of America Corp of defrauding investors into buying about $855 million of mortgage securities that soured during the global financial crisis. If it stands, Thursday’s ruling by U.S.
Read More
‘Real Housewives’ Stars Indicted on Fraud charges
The Real Housewives of New Jersey just got a little more real as the infamous couple, Joe and Teresa Giudice, face additional fraud charges. Giuseppe “Joe” Giudice and wife Teresa Giudice, were both indicted Monday on one count of bank fraud and one
Read More