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Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
This was on the Channel 15 news website:


The F.B.I. said more arrests are expected to follow after more complaints come into their e-mail address at [email protected]
If you or someone you know has been a victim of mortgage fraud, the F.B.I. would like to hear from you.
 

Restrain

Elite Member
Joined
Jan 22, 2002
Professional Status
Certified General Appraiser
State
Florida
Make this link a Sticky
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
http://www.abc15.com/content/news/15...0-d5aeeb83896d

http://www.azfamily.com/news/homepag....1cd593ba.html


If it's going to be a "sticky lets post all the sites that have ways of getting info to them.

Imagine 700 not being able to shut up & now sites where more can post their stories.

Those of You with Trainees that went out on their own or are still with you, or are licensed or are still trainees at another firm?? . Most important Question for you: Are you SURE they were honest when they were (or are) with you?? Remember those Appraisals that you checked DID INSPECT when you actually just took their word for it. How about those Appraisals you may NOT have looked over as well as a good mentor should?? Cause you were busy taking in more clients that WERE your friends.

Any Appraisers that might know some of these type Appraiser's; might want to get them exercise videos on how to tighten the butt cheeks.

Oh and can you imagine those disgruntle employees that didn't get paid cause they didn't get the "number" or those that had to "refund" the fee cause it didn't please the mentors client. or have IRS issues. We still haven't heard from those investigators. So many stories & it's not even the end of June yet.

Still waiting to read, hear, see; a story where the word Appraiser is NOT used.

For the record even though I may be a little closer in touch with this circle than many, I'm even nervous, cause I too have some Appraisals I'm not proud of. BUT they are mine, from scratch to finish, Not some that I signed that I never saw. Now IF I had any of those, with what I know!!!, those would not make me nervous, those would scare me sleepless.

All I gotta say is: Go to them, before they come to you!
 

Otis Key

Elite Member
Joined
May 15, 2004
Professional Status
Certified Residential Appraiser
State
New Mexico
Karl - neither link works - sorry buddy. BTW, by the time the media gets it, the FBI most likely has already been there, IMHO.
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Karl - neither link works - sorry buddy. BTW, by the time the media gets it, the FBI most likely has already been there, IMHO.

I understand that BUT!! they also tell you places where you can go to report. This is so far from NOT being over. The ones they want the most is the cash back to buyers, Sellers & orhers involved in the transactions. YES!! Many RE Agents & others also recieved MORE than just the typical average commission.


[email protected]
 

starmansf

Sophomore Member
Joined
Jan 2, 2006
Professional Status
Certified Residential Appraiser
State
California
Don't fret. It's just smoke and mirror time for the government. They'll make a couple of high profile "busts," slap a few wrists, and it'll be back to usual as soon as the economy comes out of its nosedive. You'd be better off complaining to Mr. Rogers.

The government is only concerned because we have elections coming up. Perception is all.
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
Don't fret. It's just smoke and mirror time for the government. They'll make a couple of high profile "busts," slap a few wrists, and it'll be back to usual as soon as the economy comes out of its nosedive. You'd be better off complaining to Mr. Rogers.

The government is only concerned because we have elections coming up. Perception is all.

Thought I'd quote you cause, this is a California Appraiser that MIGHT just disagree


http://www.bakersfield.com/102/story/485737.html


Please NOTE the reference to IRS NOT FBI
 

Karl

Elite Member
Joined
Jan 15, 2002
Professional Status
Licensed Appraiser
State
Arizona
ARIZONA DEPARTMENT OF FINANCIAL INSTITUTIONS
Felecia A. Rotellini Janet Napolitano
Superintendent of Financial Institutions Governor
2910 North 44th Street Suite 310 Phoenix, Arizona 85018
Telephone: (602) 255-4421 Facsimile: (602) 381-1225
NEWS RELEASE
For Immediate Release Contact: John P. Hudock
June 25, 2008 Public Information Officer
602-255-4421 ext. 167
DFI Removes 12 Individuals from the Financial Services Industry, Initiates Additional Administrative Removal Actions
Superintendent Felecia Rotellini announced that the Arizona Department of Financial Institutions (“DFI”) has, since January 2007, issued 12 final administrative removal orders that remove and prohibit former escrow officers and a loan officer from working within the financial services industry. Two more removal actions were recently filed and several more are in the process of being completed and filed as DFI continues to focus more of its resources on the examination and investigation of mortgage fraud. The administrative removal orders and Notices of Hearing below can be found at: http://www.azdfi.gov/Final/Intro.htm.
Chris Bartlemus, a former escrow officer at Security Title Agency, Inc., improperly disbursed $1,335,190.39 contrary to the provisions of HUD-1 escrow statements or written escrow instructions. He was also indicted by federal authorities in March 2008 on charges of conspiracy, mail fraud, wire fraud, bank fraud, and money laundering.
Margie Lynn Means, who is now a convicted felon, fraudulently diverted $547,268.40 in escrow funds from Security Title Agency, Inc. to herself and her daughter. She was employed as a branch manager and escrow officer for 21 years at Security Title Agency, Inc.
Annette Marie Damico, a former mortgage payment processor, embezzled $142,456.72 from Security Title Agency, Inc. where she worked for 18 years. She plead guilty to Theft, a Class 2 Felony.
Sandra J. Flores, a former escrow officer, misappropriated $18,800 by depositing five checks into her own personal bank account while working at Pioneer Title Agency, Inc. She then misappropriated 20 checks totaling $32,934.18 while being employed at Transnation Title Insurance Company.
Claudia Denise Ramsey, a former escrow officer at Lawyer’s Title of Arizona, Inc., embezzled $3,250.24 by diverting escrow funds into a company that she managed.
Anna Solis, a former escrow officer at Transnation Title Insurance Company and Camelback Title Agency, L.L.C., was directly involved in a $48,947.48 defalcation at
-more-
Page 2
Transnation, which consisted of 127 forged checks. She also wrongfully disbursed escrow funds involving 47 escrow files while employed at Camelback Title.
Nancy Wilson, a former escrow officer at LandAmerica Financial Group, Inc., misappropriated $57,385.56 in escrow funds to pay personal credit card accounts.
Francisco Vicente Martinez, a former loan officer at Security Mortgage Corporation, violated Arizona mortgage banker laws by making a misrepresentation in the course of the mortgage banker business. He was also convicted of Forgery, a Class 4 Felony.
Mary Lou Pidd, a former escrow officer at Title Security Agency, Inc. and Ticor Title Agency of Arizona, Inc., used her position as an escrow officer to wrongfully divert $17,211.78 in escrow funds to her personal bank accounts.
Cine Johnson, a former escrow officer, misappropriated $30,000 in escrow funds while working at LandAmerica Transnation Title, Inc.
Wendy Kaufmann (formerly know as Wendy Hahn), a former branch manager at Premier Title Agency, L.L.C., wrongfully diverted $145,525.27 in escrow funds through unauthorized wire transfers. She was also a branch manager at Arizona Title Agency, Inc. where she wrongfully diverted $21,311.30 by wrongfully handling her own refinance transaction.
Lisa Gorney, a former escrow officer and branch manager at Premier Title Group, diverted and misappropriated escrow funds totaling $995,952.83. After a joint investigation between the Arizona Attorney General and DFI, she was indicted in March 2008 on charges of theft, fraud, and illegally conducting an enterprise.
On April 24, 2008, DFI filed a Notice of Hearing and Intent to Remove and Prohibit from Further Participation in any Manner in the Conduct of the Affairs of a Financial Institution or Enterprise and Complaint (“removal order”) against loan officer, Rick T. McCullough, alleging the following violations of mortgage broker statutes: (1) concealing essential material facts; (2) misrepresenting and making false promises; (3) failing to maintain good standing with the Arizona Corporation; (4) failing to comply with the requirements under RESPA and CCPA; (5) failing to issue and/or maintain a statutorily correct written document agreement; (6) violating DFI’s prior Consent Order; and (7) engaging in illegal and improper business practices. On June 23, 2008, a hearing was held at the Office of Administrative Hearings following Mr. McCullough’s default. DFI presented evidence along with witnesses’ testimony.
On May 13, 2008, DFI filed a removal order against Cindy O. Peterson, a former First American Title Insurance Company escrow officer, alleging that Ms. Peterson wrongfully diverted and disbursed unauthorized escrow funds totaling $20,124.53. She was also employed as an escrow officer and branch manager at Premier Title Group where DFI alleges Ms. Peterson disbursed unauthorized escrow funds totaling $2,278 and file discrepancies totaling $50,485.81.
By law, as a result of a final order, individuals found to be unfit or dishonest, or individuals convicted of a crime involving fraud and deceit may not be employed by any financial institution or enterprise regulated by DFI, without the Superintendent’s prior approval.
###
 

Hamlet

Elite Member
Joined
Aug 14, 2006
Professional Status
Certified Residential Appraiser
State
Ohio
Don't fret. It's just smoke and mirror time for the government. They'll make a couple of high profile "busts," slap a few wrists, and it'll be back to usual as soon as the economy comes out of its nosedive. You'd be better off complaining to Mr. Rogers.

The government is only concerned because we have elections coming up. Perception is all.

I think anyone who thinks that is going to happen anytime soon is kidding themselves.
 
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