Tag Archives: fraud

Former HUD Employee Sentenced to 26 Months in Prison for Theft of Over $843,000 of Government Money

(Jeff Sorg, OnlineEd) – Brian E. Thompson, 54, a former loan guarantee specialist for the U.S. Department of Housing and Urban Development, was sentenced today to serve 26 months in prison for a scheme in which he stole over $843,000 of government money, according to a statement released by the US Department of Justice. According […]

Three Charged In Connection With $18.5 Million Mortgage Modification Scheme

  (Jeff Sorg, OnlineEd) Preet Bharara, the United States Attorney for the Southern District of New York, and Christy Romero, Special Inspector General of the Troubled Asset Relief Program (“SIGTARP”), announced charges against PED ABGHARI, also known as “Ted Allen,” DIONYSIUS FIUMANO, also known as “D,” and JUSTIN ROMANO for a mortgage modification scheme that […]

August 13th 2012 Compliance Deadline Approaches for all Lenders, Mortgage Brokers, and Bankers

(OnlineEd) – Residential mortgage lenders take note: The August 13, 2012 deadline for compliance with the new anti-money laundering (“AML”) and suspicious activity report (“SAR”) final rule is fast approaching. Before August 13, 2012, only depository banks are required to establish AML programs and file SARs. However, on August 13, 2012, under the newly expanded […]