California Mortgage Banker Pleads Guilty In Massive Mortgage Fraud

(modified 8-16-07)
Originator Times reports that:

• "West Los Angeles mortgage banker Richard A. Maize has agreed to plead guilty to federal criminal charges in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employer. [...] Maize and five others previously charged in the case were involved in a wide-ranging and sophisticated conspiracy to defraud federally insured mortgage lenders out of tens of millions of dollars. As part of the scam, the conspirators obtained inflated mortgage loans on expensive homes in some of California's most exclusive neighborhoods, including Beverly Hills, Bel Air, Holmby Hills and Malibu. Five people have previously been charged in the scam. They are: Charles Elliott Fitzgerald, 47, of Newbury Park; Mark Alan Abrams, 45, of Long Beach; Nicole LaViolette, 37, of Palm Springs; Jamieson Matykowski, 33, of Laguna Niguel; and Timothy Holland, 35, of Santa Ana. Fitzgerald, who is in custody, is scheduled to go on trial on July 31 on a host of federal charges related to the alleged scheme. The other four previously charged have pleaded guilty to charges related to the fraud scheme and are pending sentencing."

For more, see Top Producing Originator Pleads Guilty In Massive Fraud Scam.

For copies of relevant Federal court documents, USA vs. Maize - Crininal information(Charging document setting forth all criminal allegations made by Federal prosecutors), and USA vs. Maize - Plea Agreement, drop me a line at HomeEquityTheft@yahoo.com and I'll e-mail you a copy (be sure and put USA vs. Maize in the "Subject" line). babajian