Articles Tagged with ''Federal Bureau of Investigation''

Real estate agent sentenced to 6+ years for wire fraud, money laundering

Robert Jacobsen sold homes with unpaid mortgages on them to unsuspecting buyers
A California real estate agent who sold homes with unpaid mortgages on them to unsuspecting homebuyers was recently sentenced to more than six years in prison and three years of supervised release after pleading guilty to one count of wire fraud and one count of money laundering.  
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FBI, SEC reportedly looking into PACE lender Renovate America

WSJ reports on inquiries, company responds
In a lengthy release published in response to the WSJ article, Renovate America confirmed that the company has spoken to both the FBI and SEC about the the company’s business, but the company said that it had been repeatedly assured by federal law enforcement authorities that it is not the subject or target of any investigation.  
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Feds seek fugitive who fled after being convicted in $16 million mortgage fraud scheme

Oscar Ortiz charged with failing to appear for sentencing
Nearly a year ago, Oscar Ortiz, a 53-year-old contractor from the Houston area, pleaded guilty to conspiring to commit bank, mail and wire fraud for his role in a $16 million mortgage fraud scheme. Ortiz was due in court this week to receive his sentencing for that conviction, but when his sentencing hearing began, Ortiz was nowhere to be found.
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Senator Warren calls DOJ's financial crisis response an "abysmal failure"

Wants to know why executives got off "scot-free"
Thursday, Sept. 15, 2016 marked the eight-year anniversary of Lehman Brothers declaring bankruptcy, sending shockwaves through the economy and sending the U.S. into a recession. Sen. Elizabeth Warren, D-Mass., used the anniversary of the “failure of the fourth-largest U.S. investment bank” to loudly question again why individuals were not held responsible for the conduct that led to the financial crisis, and this time she did it armed with some disconcerting new information.
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10 most dangerous cities for real estate agents

Here's a hint: Chicago, NYC are not on the list
Real estate agents may not be police officers or soldiers, but they still put themselves at risk when showing homes. So which cities pose the biggest threat to real estate agents? The city topping the list may surprise you.
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Monday Morning Cup of Coffee:

Richmond Mayor committed to eminent domain fight

California city pushes forward with eminent domain program

The mayor of Richmond, Calif., is ready to fight for the use of eminent domain to aid underwater homeowners, while the Obama administration is publicly correcting inaccurate mortgage fraud data released in the past. All of this and more in HousingWire's Monday Morning Cup of Coffee.


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