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MINNEAPOLIS - August 15, 2012 - (RealEstateRama) -- Yesterday in federal court, two mortgage loan officers pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme. Chad Arthur Anderson, age 38, and Troy Allen Huston, age 42, both of Chisago City, pleaded guilty to one count of conspiracy to commit mortgage fraud through the use of interstate wires. The two were indicted on April 3, 2012, and entered their pleas before United States District Court Judge Joan N. Ericksen.

MINNEAPOLIS - July 16, 2012 - (RealEstateRama) -- A federal indictment recently unsealed charges an Inver Grove Heights man in connection with soliciting buyers to purchase properties at inflated prices in a multi-million-dollar mortgage fraud scheme. On July 11, 2012, Christopher Jon Andrews, age 53, was charged with one count of conspiracy to commit mail and wire fraud, four counts of mortgage fraud through interstate wire, and three counts of mortgage fraud through mail. The indictment, which was filed on July 10, 2012, was unsealed following Andrews’s initial appearance in federal court.

MINNEAPOLIS, MN - April 3, 2012 - (RealEstateRama) -- Earlier today in federal court, a 37-year-old Savage man was sentenced for participating in a $13 million mortgage fraud scheme that involved no fewer than 25 properties in Prior Lake, Savage, and Minnetonka, among other Minnesota communities. United States District Court Judge Ann D. Montgomery sentenced Ericvan Anthony McDavid to 45 months on one count of wire fraud. He was indicted, along with two co-defendants, on June 15, 2010 and pleaded guilty on January 26, 2011.

MINNEAPOLIS, MN - October 19, 2011 - (RealEstateRama) -- Earlier today in federal court, a Minnesota couple was indicted in connection with a $5 million mortgage fraud scheme. James Warren Hoffman, age 51, and his wife, Teresa Gay Hoffman, age 52, both of Stillwater, were indicted on one count of conspiracy to commit mortgage fraud through the use of interstate wire and nine counts of mortgage fraud through interstate wire.

MINNEAPOLIS, MN - September 8, 2011 - (RealEstateRama) -- Earlier today in federal court, a 52-year-old man was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Douglas Rex Butler was charged via an information with one count of conspiracy to commit wire fraud.

MINNEAPOLIS, MN - July 26, 2011 - (RealEstateRama) -- This past Friday in federal court, an Edina mortgage broker was charged for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Ivan Lance, age 40, of Edina, was charged via an information with one count of conspiracy to commit wire fraud.

MINNEAPOLIS, MN - June 17, 2011 - (RealEstateRama) -- Yesterday in federal court in Minneapolis, a Maple Grove real estate appraiser and a real estate agent from St. Cloud were indicted in connection with a $1.8 million mortgage fraud scheme that involved 28 properties. Ryan Daryl Krutzig, age 31, of Maple Grove, and Jesse Scott Hoffman, age 32, of St. Cloud, were charged with five counts of wire fraud in connection to the scam. In addition, Krutzig was charged with four counts of mail fraud and two counts of money laundering.

LANSING, MI - May 9, 2011 - (RealEstateRama) -- Attorney General Bill Schuette today announced his support for proposed legislative reforms intended to strengthen the hand of prosecutors and law enforcement to combat mortgage fraud. Schuette joins State Senator James Marleau (R-Lake Orion), Secretary of State Ruth Johnson and Oakland County Register of Deeds Bill Bullard, who came together this morning to support legislative reforms in light of recent allegations of fraudulent mortgage documents filed in Michigan

April 28, 2011 - (RealEstateRama) -- Earlier today in federal court in Minneapolis, a former loan officer for Wells Fargo Bank pleaded guilty to participating in a $4.3 million mortgage fraud scheme. Larry Gene Hillard, age 56, of Maple Grove, pleaded guilty to one count of conspiracy to commit wire fraud. Hillard, who was charged on March 10, 2011, entered his plea before United States District Court Judge Ann D. Montgomery.

April 22, 2011 - (RealEstateRama) -- Earlier today in federal court in St. Paul, three people were charged with orchestrating a scheme to defraud mortgage lenders out of approximately $4.2 million relative to a Minnetonka development. Sheri Lynn Delich, age 45, of Apple Valley; My Dinh Lam, age 30; of Minneapolis; and Ashley Elizabeth Prasil, age 26, of Eden Prairie, were charged via an information with one count of conspiracy to commit mortgage fraud. In addition, Delich was charged with one count of money laundering.

April 19, 2011 - (RealEstateRama) -- Earlier today in federal court in Minneapolis, a 39-year-old contractor from Ham Lake pleaded guilty to participating in a mortgage fraud scheme. Andrew Paul Stoner pleaded guilty to one count of conspiracy to commit wire fraud. Stoner, who was charged on March 10, 2011, entered his plea before United States District Court Judge Ann D. Montgomery.

April 18, 2011 - (RealEstateRama) -- Earlier today in federal court in Minneapolis, a 49-year-old Champlin woman pleaded guilty to her role in a mortgage fraud scheme involving at least 200 properties—principally in north Minneapolis—and mortgage proceeds of approximately $35 million. Gayle Deann Claus pleaded guilty to one count of conspiracy to commit mail and wire fraud. Claus, who was indicted on June 15, 2010, along with two co-defendants, entered her plea before United States District Court Judge David S. Doty.

March 10, 2011 - (RealEstateRama) -- Earlier today in federal court in Minneapolis, two brothers pleaded guilty to orchestrating a $4 million mortgage fraud scheme that defrauded 24 area lenders. Baretta Dean Bork, age 35, of Mound, and Xavier Willis Bork, age 32, of Eden Prairie, pleaded guilty to one count of conspiracy to commit mortgage fraud through the use of wires and income tax refund fraud. The pleas were entered before United States District Court Judge Ann. D. Montgomery. The defendants were charged on January 31, 2011

October 27, 2010 - (RealEstateRama) -- A 46-year-old Golden Valley man pled guilty earlier today in federal court in Minneapolis to orchestrating a mortgage fraud scheme that resulted in the theft of more than $2.5 million from lenders nationally. The scheme centered on obtaining fraudulent loans for the purchase of 24 homes in the Twin Cities. Appearing before United States District Court Judge Joan N. Ericksen, Zack Zafer Dyab pled guilty to one count of conspiracy to commit wire fraud and one count of money laundering in connection to the crime. Dyab was indicted along with Julia Alexander Rozhansky, age 46, of Minnetonka, on December 8, 2009

October 7, 2010 - (RealEstateRama) -- A 61-year-old Alexandria man was sentenced earlier today in federal court in Minneapolis on charges connected to a scheme to defraud mortgage lenders and others out of more than $800,000. United States District Court Judge Joan N. Ericksen sentenced Dale Charles Dodge, Jr., to 34 months in prison on one count of wire fraud and one count of engaging in a monetary transaction with property derived from unlawful activity, commonly referred to as money laundering. Dodge was indicted on September 15, 2009, and pled guilty on May 12, 2010.