Mortgage Fraud Case Summary

On 09/07/2016, I spoke with Janna Rolfe in the Pasco Sheriff`s Office District II Lobby in reference to a Fraud, Other Jurisdiction.

A criminal that commits fraud for profit essentially inquires about a home or property, makes an offer desirable to the seller and places

The Crown case in relation to the Westpac fraud is that the Defendant dishonestly acquired a loan of $13 million for a Kleenmaid company called EDIS Services Logistics Pty Ltd in November 2007. In relation to the insolvent trading counts, the Crown contends that, during a period from mid-2008 until before the collapse, the Defendant dishonestly failed to prevent EDIS Services Logistics Pty Ltd from trading while it was insolvent. Finally, the Crown claims that the Defendant committed a further dishonest act, by causing $330,000 to which the creditors of the Kleenmaid Group were entitled to be transferred to an entity of which the Defendant was a shareholder.

SUPPORT DOCUMENTS: One Page USPS Correspondence, One Pay Pal Correspondence, One Page Victoria`s Secret Correspondence, One Page Capital One Correspondence, One Page Linda Sapp`s Notes, One Page PSO Affidavit Of Identity Theft and One Page Photocopy of Linda Sapp`s Florida Driver License.

Anne brought some money that Arthur had in California as well as Arthur’s checkbook. She putted the money in the bank and it had Anne’s and Arthur’s names on it. She did this because she need to pay doctors bill, medical bills, or anything that was relating to her brother. Since her daughter was helping her, Linda told Anne to put her name on the checkbook, too because she will be taking her uncle, Arthur to the doctors and she needs to pay the bills. Anne trust Linda because she was her own daughter. As a result, Anne gave her a debit card instead of the checkbook because she did not want to bother her daughter after she offered to take care of her uncle’s bills. After a few days, Anne realized that Linda was using the debit card everyplace she went with her boyfriend and they had spent $71, 000 of her brother’s money.

Phar-Mor, a discount drug store chain, was established in 1982. They would offer medications at a 25-40% discount rate by buying in bulk and reselling. By 1987, there were almost 100 stores in business. In 1988, there was an investigation of lower than expected profit margins which revealed a billing type scheme involving un-received inventory. Tamco, its sister company, would bill Phar-Mor for inventory that was never received which led to costing Phar-Mor $7,000,000 and therefore reporting a $2,000,000 profit that year.

This case involved a fraud orchestrated by three senior executives of Fair Finance Company (Fair) which had its headquarters at Akron Ohio. This fraud occurred from at least 2005 through November 2009 the defendants involved were the three senior executives –Timothy S. Durham, Chief Executive Officer, James F. Cochran, Chairman, and Rick D. Snow, Chief Financial Officer. These executives defrauded their investors by raising approximately $230 million from at least 5,200 investors through the sale of investment certificates by making materially false and misleading misrepresentations and omissions concerning, among other and returns, and the use of investor proceeds to purchase discounted consumer receivables. (SEC litigation release 2012)

No, the Statute of Frauds not allow unscrupulous parties to get away with nonperformance in oral contracts. According to the statute of Frauds' defination, if a contract fail to meet the requirement in the statute, in order to protect the promisors from a oral contract, the statute require that certain contracts be written down on a paper. At the sam time, the statute of frauds has three main purposes. First, the promisors should have reliable evidence to prove the existence of their contract. second, it requires a written contract to avoid false oral evidence. Finally, to provent parties from what they may disagree, the statute require them to write down their contract that include terms, and sign their names. So in my opinion, the statute

An individual is liable for fraudulent nondisclosure when they deliberately and intentionally conceals a material fact when there is a duty or obligation to report it. There is an obligation to disclose when the fact is one only the vendor was aware of, and the vendee was ignorant. If the failure to disclose induces the vendee to take some action that causes some damage as a result, then the vendor is liable for fraudulent

Multiplying Sun Coast’s book value of equity with 0.8 gives a value of $47,095,840 (Figure 5.1) for the company’s market value under this assumption. This results in a share price of about $5,233 with a total number of shares outstanding amounting to 9000.

Identity theft portrays criminal acts through which the culprit deceitfully acquires and utilizes someone else's character. These unlawful act can be done by communication technology and utilizing data. Identity Theft done on the internet are to a vast degree based of profoundly complex tricks and it demonstrates the troubles that law enforcement organizations are confronted with when exploring such offenses. The techniques habitually utilized by guilty parties to get personal related information are different. Physical methods allude to storage devices in a computer with data containing personal information about an individual's identity. As indicated by a survey, it was highlighted the fact that there were more PC related offenses as to the burglary of confidential

In today’s society, white collar crime is now becoming more widely known because of the advancement of technological devices and brilliant minds. In fact, over 730,000 counts of suspected financial wrongoing were recorded in America last year, according to recent data from the Treasury Department 's Financial Crimes Enforcement Network (The Economist, 2009). White Collar Crime is a term reportedly coined in 1939—is now synonymous with the full range of frauds committed by business and government professionals including one of the many called “Check Kiting” (FBI, 2010). White collar crime is described by the federal bureau investigation (FBI) in three words: Lying, cheating, and stealing which is exactly the kind of people that Scott in this case analysis has to deal with. In this case, the Operations Manager, Scott at a small bank has the duties of overseeing transactions and defining clients who use bad checks. While going through the daily routine, he finds that his wife’s friend, who is the chief financial officer of the bank, appears to be involved in check kiting. According to the business dictionary, check Kiting is a form of check fraud, in which checks are issued against funds that a bank has credited into an account for deposited, uncleared checks. With careful timing of deposits and withdrawals, this scam can be turned into a large sum. Furthermore, In addition to knowing the suspect, Scott also is aware the CFO is also involved in an unsteady

With the awareness of the mortgage fraud epidemic. Along with the public knowledge of this fraud. It has been a known fact for at least 10 years. This is just one more of many reasons to cite probable cause.

Mayes and other physicians at his former office, Heritage Medical Practice, had referred patients to Berkeley HeartLab in exchange for fees. Mayes said Monday he referred patients to Berkeley for a few months in 2010, after a company representative told them the referral fees were legal. He stopped after realizing the fees weren't legal and noticing the company was performing cholesterol tests he had not ordered on blood samples. At the time, Berkeley and other companies were promoting genetic tests as a way to get a better look at cholesterol levels. He contacted the company's representative about the tests, asking them to stop the practice, but it continued. When he asked patients to bring in their insurance explanation of benefits, one showed

Belem Servicing LLC dba Patriot Home Mortgage was incorporated in 2008 in the State of Utah and first became licensed as a money broker in the State of North Dakota on August 21, 2013. The Licensee is a residential home mortgage lender and broker. Belem Servicing LLC dba Patriot Home Mortgage currently is licensed in 13 states and headquartered in St George, UT. Branch offices are located in Huntington Beach, CA, Idaho Falls ID, and Phoenix AZ. The Licensee is owned by Russell Brown (50%) and Chet Wall (50%).