Developing: 41 People Arrested in Mortgage Fraud Schemes

Discussion in 'New York' started by Eli Weiss, Oct 15, 2009.

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  1. Eli Weiss

    Eli Weiss Senior Member

    0
    Nov 28, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    http://www.cnbc.com/id/33326295

    The articles below are from last weeks arrests, details of the 41 people arrested today is still developing.....but I suspect that these cases are connected, based on the following photo of one of the arrested.

    [​IMG]

    http://www.nypost.com/p/news/local/feds_bust_mortgage_scam_sn96VHBKHi6QJrCH6ZNR7M

    http://libn.com/blog/2009/10/08/twelve-charged-in-bust-of-mortgage-fraud-ring/

    I may have come face to face with some of this group in 2008, on a appraisal I did for Wells Fargo through an AMC, I tried exposing this fraud to Wells Fargo, by noting several red flags, but somehow they issued a loan amount larger then my appraised value at the time, that property is now in foreclosure.

    Here is the original post from 2008.
    http://appraisersforum.com/showthread.php?t=137592
     
    Last edited: Oct 15, 2009
  2. Eli Weiss

    Eli Weiss Senior Member

    0
    Nov 28, 2005
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Update


    Watch the video here:

    http://www.cnbc.com/id/33326295

    Defendants are listed below:


    -------------------------


    Can anybody identify who the appraiser was off this list?
     
  3. Claude From NY

    Claude From NY Senior Member

    0
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    "Operation Bad Deeds" :icon_mrgreen: None of the NY names look familiar as appraisers.
     
  4. Lost Cause

    Lost Cause Senior Member

    1
    Sep 17, 2004
    Professional Status:
    Certified General Appraiser
    State:
    New York
    Bad Deeds, Indeed

    I didn't recognize any of the names nor could find any of them listed as licensed in NY State.
     
  5. MDAPPR

    MDAPPR Member

    0
    Mar 10, 2009
    Professional Status:
    Certified Residential Appraiser
    State:
    California
    Makes you scratch your head. Its never the big 4's fault.
     
  6. Claude From NY

    Claude From NY Senior Member

    0
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
  7. LACKLAND27

    LACKLAND27 Senior Member

    0
    Mar 6, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    I just wish the guy in cuffs was AA Cuomo
     
  8. Lost Cause

    Lost Cause Senior Member

    1
    Sep 17, 2004
    Professional Status:
    Certified General Appraiser
    State:
    New York
    Will The Real Quentin Tucker Please Stand Up?

    So the updated Snoozeday article claims that the appraiser is Quentin Tucker of Brooklyn. The national registry doesn't have a Quentin Tucker listed as certified in any state.

    OK, here's a website with Quentin Tucker's information: http://www.abcrealestateservices.net/StaffProfiles.aspx?ID=482332
     
    Last edited: Oct 16, 2009
  9. Claude From NY

    Claude From NY Senior Member

    0
    Jan 16, 2002
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    Tucker was/is probably a trainee for the cert. of that firm. There's only one licensee at that address.
     
  10. LI-Appr

    LI-Appr Senior Member

    0
    Nov 15, 2008
    Professional Status:
    Certified Residential Appraiser
    State:
    New York
    I couldn't find a lic in the name of Misaghi. Did anyone else?
     
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