Long Island mortgage executives charged with warehouse line fraud

Long Island Mortgage Banker and Five Others Indicted in $30 Million Bank Fraud Conspiracy Press Releases , Local News , Crime By Long Island News & PR Published: May 07 2014

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A complaint was unsealed today in federal court in Central Islip, New York, charging Edward E. Bohm, Edward J. Sypher, Jr., and Matthew T. Voss, senior executives at Long Island mortgage lender Vanguard Funding, LLC (Vanguard), with conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for Vanguard to fund mortgages.

Long Island Mortgage Banker and Five Others Indicted in $30 Million bank fraud conspiracy. mortgage fraud poses a threat to our financial systems and to our economy.. they lied to the.

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Two top executives from a Long Island mortgage lender pleaded guilty to conspiring to commit wire and bank fraud in connection with their diversion of more than $8.9 million of warehouse loans. Read on for more details.

Two LI execs charged in mortgage fraud scheme, feds say. the defendants – executives of a mortgage lender – defrauded banks into lending them money by stating that the money would fund new.

Tellers At Multiple Banks Charged With Stealing From Customers In Fraud Scheme. Foreclosed homes right in the suburbia of Long Island have been left with giant holes in the ceiling and graffiti.

Three men were among three financial executives at a Long Island-based mortgage lender who were arrested for an alleged scheme to fraudulently obtain nearly $9 million in loans, federal.

Massive NY Mortgage Fraud Round-Up Part of Nationwide Crackdown. were among 38 people charged in a large mortgage fraud crackdown across New York.. or bond rating firm executives were charged.

Freedom Mortgage Reviews and Complaints . 1.5 (464 reviews). They are committing fraud and stealing from consumers. Btw this was a veterans loan.. ( you know 2+2 = 5) they came back with -well we could help you this way – and charge you an extra 1500 in 3 months to catch you up.. when asked for a supervisor – was given someone who acted.

. to provide insight into the breadth and depth of mortgage fraud crimes perpetrated against the United States and its citizens during 2009. This report updates the 2008 Mortgage Fraud Report and.