Welcome to The Home Equity Theft Reporter, a blog dedicated to informing the consumer public and the legal profession about Home Equity Theft issues. This blog will consist of information describing the various forms of Home Equity Theft and links to news reports & other informational sources from throughout the country about the victims of Home Equity Theft and what government authorities and others are doing about it.
Thursday, June 16, 2016
Tampa Feds Indict Convicted White Collar Scammer Of Add'l Crimes Involving Alleged Attempt To Satisfy Defaulted Mortgage On His Residence With Fraudulent Paperwork
In Tampa, Florida, the Tampa Bay Business Journal reports:
A federal grand jury in Tampa has indicted a former Tampa man, alleging he tried to defraud two banks in a mortgage repayment scheme.
The June 2 indictment, charging Leigh Fiske with two counts of bank fraud, is the latest in a series of charges against Fiske. He faces 10 counts of bank and wire fraud from a separate indictment in late March. In 2014, a federal judge in California sentenced Fiske to 37 months in federal prison after he pled guilty to defrauding small businesses.
The latest indictment focuses on events in 2008 and 2009, involving a property on Spruce Street in Tampa, where Fiske maintained a residence and had a mortgage.
When the mortgage went into default, Fiske sent documents, including a fraudulent note, to Wells Fargo Bank and U.S. Bank, purporting to pay off the mortgage, the indictment said, “when in fact such documents represented and conveyed nothing of monetary value, were fraudulent, and could not and did not satisfy the defendant’s loan obligation.”
The intended loss of the scheme was more than $650,000, according to a press release from the U.S. Attorney for the Middle District of Florida, A. Lee Bentley III.
CBC News: Betrayal of Trust (A CBC investigation reveals how lawyers across Canada have misappropriated and mishandled clients money, to the tune of tens of millions of dollars, or sometimes even charging vulnerable people top dollar for shoddy services)
Land Contract/Contract For Deed/Rent-To-Own Rackets
The New York Times: The Housing Trap (In the wake of the housing crisis, low-income families have turned to seller financing to buy homes but these deals can be a money trap)
Beware The Fine Print: Consumers Forced To Sign Away Their Rights To Use Court System
The NY Times: Arbitration Everywhere, Stacking the Deck of Justice(Part 1 in series examining how clauses buried in tens of millions of contracts have deprived Americans of one of their most fundamental constitutional rights: their day in court)
Foreclosure Mills' Abysmal Record In Complying With New NYS Foreclosure Requirements
Justice Deceived: How Large Foreclosure Firms Subvert State Regulations Protecting Homeowners
MFY Legal Services Report On Questionable Practices By Process Servers In Debt Collection Cases
Justice Disserved: A Preliminary Analysis of the Exceptionally
Low Appearance Rate by Defendants in Lawsuits Filed in the Civil Court of the City of New York
Mortgage Mess Redux: Robo-Signers Return (A Reuters investigation finds that many banks are still employing the controversial foreclosure practices that sparked a major outcry last year)
CNN Video: As Foreclosures Mount, Florida Court Turns To 'Rocket Docket'
The Wall Street Journal: A Florida Court's 'Rocket Docket' Blasts Through Foreclosure Cases (2 Questions, 15 Seconds, 45 Days to Get Out; 'What's to Talk About?' Says a Judge)
"Produce The Note" Strategy When Dealing With Missing Promissory Notes In Foreclosure Actions
ABC Video: Fighting Against Foreclosure (Some homeowners have found a new tactic to keep the banks at bay)
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