Web1 day ago · Orlando, Florida – United States Attorney Roger B. Handberg announces that a federal jury has found Omayra Ujaque (52, St. Cloud) guilty of three counts of bank fraud and one count of aggravated identity theft. Ujaque faces a maximum penalty of 30 years’ imprisonment for each bank fraud count and a mandatory 2-year sentence for the … Web1 day ago · PPP loan fraud prosecutions are likely to hinge upon the "qui tam" legal principle that underpins False Claims Act violations. Qui tam is a Latin phrase that means, "who sues on behalf of the king as well as for himself." In U.S. legal doctrine, this applies to whistleblower protections afforded by the FCA.
Mortgage Fraud - Overview, Examples. Profit Schemes
WebAug 5, 2024 · Shashank Rai, an engineer from Beaumont, is charged with multiple counts of fraud and false statements to the SBA for seeking more than $10 million in PPP loans. He allegedly claimed to have 250 employees when there is no record of any in his business, Rai Family LLC. ... Ex-Felon Charged With PPP Loan Fraud (Rhode Island – September 22) WebJan 18, 2024 · While income fraud is commonly committed just to obtain a mortgage loan, appraisal fraud is often a “for-profit” scheme. A typical example of appraisal fraud occurs as follows: The potential borrower gets an appraiser to appraise a property for more than its actual value or sale price. The borrower is then able to obtain a mortgage loan for ... the gym in dagenham phone number
Home Loan Fraud Exposed: Common Scams and How to Avoid …
WebJun 7, 2024 · Scam lending, or Advance Fee Scams, are fraud techniques in which the scammer promises to pay out loan funds. As in the above case, to cover expenses for … WebApr 24, 2024 · Loan fraud can be considered a white collar offense with criminal consequences, especially if a large sum of money is involved. It can also have business and personal ramifications. Some possible consequences are fines, prison time, affected citizenship status, loss of future job prospects, damaged business reputation, and loss of … Web1 hour ago · Nickolas Ellis, 52, has been has been convicted of eight counts of fraud over $5,000, three counts of trafficking in fabricated documents and three counts of identity fraud. (Name withheld) the gym inc