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January 10, 2014
Posted on Author By dmcantor Categories 100 Miscellaneous Crimes Victories, 1900 Federal Court Victories, 400 Theft / Fraud Crime Victories, 47D Bank, Mail and Wire Fraud (Federal Charge) Victories, 47E Money Laundering (Federal Charge) Victories, 800 Miscellaneous Crime Victories, Case Victories

U.S. v. Ms. V. (DMC No. 8945)

DISMISSED (ALL) | FEDERAL BANK and WIRE FRAUD/MONEY LAUNDERING/CONSPIRACY/AID and ABET ALL DISMISSED – State v. Ms. V.  (DMC No. 8945) (U.S. District Court of Arizona 2:08-CR08-0598-PHX-JAT-8): Ms. V. was an escrow officer with a local title agency in Phoenix.  She submitted several preliminary HUD-1 forms and some final HUD-1 forms for a “straw buyer” who purchased 27 homes while she was the escrow agent.  Allegations were that there was a “cash back scheme” which resulted in her receiving fees of $40, 000 dollars.  Although there were multiple co-defendants, we were able to show that Ms. V. was an unwilling victim duped into assisting this scheme.  Ultimately, all charges were dismissed in full.

March 15, 2010
Posted on Author By dmcantor Categories 100B Conspiracy Victories, 1900 Federal Court Victories, 400 Theft / Fraud Crime Victories, 42 Fraudulent Schemes Dismissals, 44 Theft Dismissals, 47A Mortgage Fraud Victories, 47D Bank, Mail and Wire Fraud (Federal Charge) Victories, 47E Money Laundering (Federal Charge) Victories, Case Victories

U.S. v. Ms. V (DMC No.)

DISMISSED | MORTGAGE FRAUD – Ms. V. was employed as an escrow officer in Phoenix and was charged with 37 Felony counts, including Wire Fraud, Conspiracy to Commit Money Laundering, Conspiracy to Commit Wire Fraud, and Engaging in Illegal Monetary Transactions Greater than $10,000.00. While she was an escrow officer she submitted to lenders several preliminary HUD-1 forms, also known as “Pre-audit” and final HUD-1 forms.  Other defendants and their family members were buyers (or the backers of “straw buyers”) of several homes (27 total) where Ms. V. was the escrow agent.  The alleged “cash back scheme” stemmed from these HUD-1 forms Ms. V. drafted that resulted in large sums of unearned/undeserved monies to be distributed to the buyer.  The charges against Ms. V. and the other Defendants arose from these illegal pay-outs.  Per the Assistant United States Attorney, the range of loss was between $2,500,000.00 and $7,000,000.00.  Ms. V. was unwittingly duped into submitting these HUD-1 forms without knowing illegal kickbacks were taking place.  Her charges were ultimately dismissed in full.

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