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Atlanta Jury Finds Phillip Hill and Nine Others Guilty of Mortgage Fraud

By James Comtois, National Mortgage News Online > Compliance and Fraud

March 20, 2007

 

After an eight-week trial covering the massive mortgage fraud scheme led by Phillip E. Hill -- that even former NBA player Pervis Ellison testified in -- targeting the Atlanta metro housing and condo market from 2000 through part of 2003, a federal jury in Atlanta returned guilty verdicts on March 14 against 10 defendants charged with multiple counts in a mortgage fraud scheme, including Hill himself.

 

Wednesday, March 7, 2007

Grand jury indicts Plano man with mail fraud and making false statements in used car sales

By Pegasus News wire

 

A federal grand jury in Dallas indicted Massoud Mortazavi-Koupai of Plano with six counts of mail fraud and three counts of making a false statement on transfer of a used motor vehicle, related to a fraudulent scheme which included concealing structural damage and odometer discrepancies. It is anticipated that Mortazavi-Koupai, 46, will surrender to federal authorities and then appear before a U.S. magistrate judge.

 

The verdicts returned included guilty verdicts on charges of loan fraud, wire and mail fraud, and money laundering.

In addition to Hill of Blountstown, Fla., who was convicted of conspiracy, loan fraud, mail and wire fraud, and money laundering, the nine other defendants found guilty of participating in this conspiracy include Marcus C. Alcindor (a k a Christopher Alcindor), convicted of conspiracy, loan fraud, mail and wire fraud, and money laundering; Barbara Brown, convicted of conspiracy and two counts of wire fraud; Fred Farmer, convicted of conspiracy, loan fraud, mail and wire fraud, and money laundering; Christine Laudermill, convicted of conspiracy, loan fraud, wire fraud and money laundering; Robert Powers, convicted of conspiracy, loan fraud, mail and wire fraud, and money laundering; Leslie Rector, convicted of conspiracy, loan fraud, mail and wire fraud, and money laundering; David Thomas, convicted of conspiracy, loan fraud and money laundering; Dean Thomas, convicted of conspiracy and money laundering; and David Van Mersbergen, convicted of conspiracy, loan fraud and money laundering.

... Full Story