Ohio Fraud Charges.(this is good, very good)

[TEL2002]

12/21/07 (Details below are from the "Akron Beacon Journal")

17 people and 2 Akron companies face 147 counts.

( The companies were: Evergreen Investment, Evergreen Homes, & Carnation Banc.)

More indictment action expected across Ohio.

Two year investigation with 800,000 pages of documents & thousands of manhours.

4 appraisers indicted (Robert Kokai, Jon Schwinkendorf, Susan Bigley, & Joseph Pietro)

(Bigley is not listed on the ASC website. The other 3 are Licensed Residential.)

Pietro's attorney said "Pietro does 1600 appraisals a year and in four years he had done less than 50 for those involved in the indictment. Joe has been cooperating with the authorities since he was contacted in late 2006 and his indictment comes as a shock to him and myself. Joe did honest, by the book appraisals."

 

[Apraysr]

All it takes is one appraisal to be misleading, and possible fraud. Especially depending on license type (could be certified) appraising in the millions.

 

[L Squared]

How could anyone possibly average over 4 appraisals per day?!

 

[Mike Kennedy]

How could anyone possibly average over 4 appraisals per day?!

Rudolph and the Reindeer Assistants..... mixed with tons of ridiculous 2055's:icon_idea: :icon_idea:

 

[TEL2002]

Actually if you work 6 days a week and take no vacations, it is only 5.111821 appaisals per day. (But who's counting?) If each appraisal takes only 3 hours from start to finish, you have only worked 15.335463 hours per day. There's still plenty of time to eat, sleep, watch TV, enjoy life, and run an appraisal office.

At $300 per appraisal that would be an annual income of $480,000.

The other possibility is there's more than 1 person in the appraisal office and the lawyer is giving a total for the entire company.

 

[wickedness1]

I'm just waiting...I think this is the first of MANY!

I suspect that the state investigators are very busy nowa days

 

[Pamela Crowley (Florida)]

Congratulations to Ohio!!!!!

 

[Mike Kennedy]

This email provides a listing of appraisers against whom a State
appraiser regulatory agency has taken disciplinary action.
Appraisers named on this listing are not eligible to perform appraisals
in connection with Federally related transactions unless and until their
credentials with the State have been reinstated.
Information in this listing is based on the most recent data submitted by
the State appraiser regulatory agencies.

DISCIPLINE NOTICES FROM Saturday, December 22, 2007
ST License # Last Name First Name Action Effective Expiration
-- --------------- ---------- ---------- ----------- ---------- ----------
OH 447089 Corey Timothy Suspension 12/09/2007 01/07/2008
OH 2002014525 Hisle Terasa Suspension 12/09/2007 03/07/2008
OH 383012 McCann Judson Suspension 12/09/2007 03/07/2008
OH 438305 Rentz Stacey Suspension 12/15/2007 01/13/2008
OH 2003011093 Rogers Angel Suspension 12/09/2007 01/22/2008

==========================================================================

If you have questions regarding data contained on this notification,
you may email Ben Henson, Executive Director of the ASC, at ben@ASC.gov.
To unsubscribe go to 'http://www.ASC.gov/content/category1/email/index.aspx?id=14'.

 

[Dee Dee]

Here's a link to the story

http://www.ohio.com/news/12695602.html

 

[Carnivore]

Page three; $70 million dollar guy is gone! I understand that suspension is the least of his worries now.