Mortgage Fraud
Update on Mortgage fraud cases in South Carolina. The United States Attorney for South Carolina has slated several cases for indictment in the next month in Florence, South Carolina. There will be developers, mortgage brokers, flippers and possible attorneys indicted. Many of the defendants are from Myrtle Beach, South Carolina. A key resource to understand this new phase of indictments coming out of the Florence office is the F.B.I. (Federal Bureau of Investigation) website on mortgage fraud. A thorough understanding of this type of indictment is critical to a good defense to this type of case.
Mortgage Fraud is usually a federal indictment. This indictment is never alone. There are always other counts including money laundering, wire fraud, mail fraud and bank fraud. After 9-11 the FBI was directed to concentrate on anti-terrorism and leave many economic crimes to other agencies. That has now changed and the mortgage fraud indicments are going to start appearing in federal court on a regular basis. The base offense level can be a 6 or 7 on the sentencing guidelines. This provides for a possible probation sentence. However, if the loss exceeds $5,000.00 then the guidelines provide for a greater exposure of prison time. The maximum term of imprisonment for the fraud indictment is usually 20 years. Other counts can increase this exposure. Mortgage brokers, realtors, lenders and borrowers are all possible defendants in a mortgage fraud indictment. Our office is experienced in defending mortgage fraud cases in Charleston, Myrtle Beach, Columbia, Miami, Savannah, Atlanta, Palm Beach and many other areas across the country. A criminal mortgage fraud defense attorney must research and investigate a mortgage fraud indictment at many levels. A good investigator and expert witnesses will be needed for a great defense at trial.
Mortgage Fraud Defense- the best approach to defending a mortgage fraud indictment is to ensure that any information the government is using is based on a thorough investigation and not on a cooperating defendant that is trying to reduce their exposure. Indictments based solely on a cooperating defendant will need to be back by some other evidence to show the intent to commit fraud. Many times the paper trial is the best evidence the government has to prove the mortgage fraud. Applications, letters, checks, deposits and the final destination of any funding will be critical to a good mortgage fraud defense. There are many ways to defend actions of individuals in a mortgage fraud case. The business experience of the defendant and his or her history in relation to real estate and lending practices will be important to the defense.
Mortgage Fraud is usually a federal indictment. This indictment is never alone. There are always other counts including money laundering, wire fraud, mail fraud and bank fraud. After 9-11 the FBI was directed to concentrate on anti-terrorism and leave many economic crimes to other agencies. That has now changed and the mortgage fraud indicments are going to start appearing in federal court on a regular basis. The base offense level can be a 6 or 7 on the sentencing guidelines. This provides for a possible probation sentence. However, if the loss exceeds $5,000.00 then the guidelines provide for a greater exposure of prison time. The maximum term of imprisonment for the fraud indictment is usually 20 years. Other counts can increase this exposure. Mortgage brokers, realtors, lenders and borrowers are all possible defendants in a mortgage fraud indictment. Our office is experienced in defending mortgage fraud cases in Charleston, Myrtle Beach, Columbia, Miami, Savannah, Atlanta, Palm Beach and many other areas across the country. A criminal mortgage fraud defense attorney must research and investigate a mortgage fraud indictment at many levels. A good investigator and expert witnesses will be needed for a great defense at trial.
Mortgage Fraud Defense- the best approach to defending a mortgage fraud indictment is to ensure that any information the government is using is based on a thorough investigation and not on a cooperating defendant that is trying to reduce their exposure. Indictments based solely on a cooperating defendant will need to be back by some other evidence to show the intent to commit fraud. Many times the paper trial is the best evidence the government has to prove the mortgage fraud. Applications, letters, checks, deposits and the final destination of any funding will be critical to a good mortgage fraud defense. There are many ways to defend actions of individuals in a mortgage fraud case. The business experience of the defendant and his or her history in relation to real estate and lending practices will be important to the defense.
If you need a mortgage fraud defense attorney in Charleston, Myrtle Beach, North Myrtle Beach, Florence, Columbia, North Charleston, Conway, Miami, Miami Beach, Palm Beach, Valdosta, Savannah, Atlanta, Greenville, Spartanburg, Aiken, Augusta call our office at 1-800-94TRIAL. Our Myrtle Beach Federal Defense Attorneys are available to speak with you.
South Carolina Criminal Lawyer Blog - Mortgage Fraud
- Mortgage Fraud Indictments There have been recent mortgage fraud indictments released from the United States Attorney in South Carolina. These indictments are actually bank ....
- FBI Mortgage Fraud Task Force In 2007 the Federal Bureau of Investigation had around 120 agents working on Mortgage Fraud. That number is currently over 250 agents, 18 task forces, ....
- Mortgage Fraud Defense Attorney The Federal Bureau of Investigation is in charge of most mortgage fraud investigations. The agent investigates the case and the United States Attorney ....