Archive for the ‘mortgage scams’ Category
Mortgage Broker Sentenced to Nearly 23 Years in Prison: Mr. Fiorito will return to victimize others, and the sole way to limit that is to keep him locked up
MINNESOTA USDOJ (LoanSafe.org) – A 41-year-old Prior Lake man was sentenced today in federal court in St. Paul on charges connected to an equity-skimming scheme that targeted vulnerable homeowners. United States District Court Judge Patrick J. Schiltz sentenced Michael Fiorito to 270 months in prison on one count of conspiracy to commit mail fraud and [...]
American Mortgage Consultants: Colorado Attorney General Announces Lawsuit Against Loan Modification Company
DENVER (LoanSafe.org) — Colorado Attorney General John Suthers announced today that his office has filed a consumer protection lawsuit against American Mortgage Consultants, its owner, Oliver Paul Maldonado (DOB: 12/15/1972), and its principal employee, Santiago Fabian Pineda (DOB: 6/24/1978), on suspicion that they defrauded consumers seeking loan modifications and foreclosure relief.
According to the complaint, filed in [...]
Georgia Department of Banking and Finance Orders Six Illegal Mortgage Firms to Cease and Desist
Atlanta, Georgia (LoanSafe.org) — On April 28, 2010, the Georgia Department of Banking and Finance’s Order to Cease and Desist Issued for six companies operating illegally in the state.
The Orders to Cease and Desist were issued by the Department after it obtained evidence that the firms engaged in residential mortgage brokering/lending activities without a license or under [...]
National Foreclosure Relief: FTC Puts Mortgage Foreclosure “Rescue” Company Out of Business
April 29, 2010 – (LoanSafe.org) — The Federal Trade Commission has put a permanent stop to another mortgage foreclosure “rescue” operation that allegedly promoted bogus loan modification and foreclosure relief services. The case is one of 17 lawsuits the FTC has brought in the past 11 months in a crackdown on mortgage relief frauds that [...]
