Long Island mortgage executives charged with warehouse line fraud

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Two top executives from a Long Island mortgage lender pleaded guilty to conspiring to commit wire and bank fraud in connection with their diversion of more than $8.9 million of warehouse loans. Read on for more details.

Earlier today in federal court in Central Islip, New York, Edward J. Sypher, Jr., and Matthew T. Voss, senior executives at Long Island mortgage lender Vanguard Funding, LLC (Vanguard), pleaded guilty to conspiring to commit wire and bank fraud in connection with their diversion of more than $8.9 million of warehouse loans that Vanguard had obtained to fund mortgages.

The former owner of a southern california mortgage banking firm has admitted that he duped his warehouse lender. Back in 2007, National City Bank provided warehouse lines of credit to mortgage lenders through an operation that was located in Louisville, Kentucky. The financial institution was a.

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Three senior executives at a Long Island mortgage lender were arrested for their role in committing a $8.9 million fraud, according to the U.S. Attorney’s Office. Edward E. Bohm, 39, of.

FOR IMMEDIATE RELEASE Tuesday, August 22, 2017 Top Executives At Long island mortgage lender arrested For Engaging In $8.9 Million Fraud Defendants Misused Money Ostensibly Obtained To Fund Mortgage Loans A complaint was unsealed today in federal court in Central Islip, New York, charging Edward E. Bohm, Edward J. Sypher, Jr., and Matthew T. Voss,

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$30M Long Island Mortgage Fraud Scam Busted, Feds Say. Lynch described the alleged schemed as "a prime example of the type of corrupt mortgage-lending practices that preceded the bursting of.

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State Attorney General Spitzer today announced that as part of his office’s continuing investigation into alleged mortgage fraud, a Suffolk County Grand Jury has returned an indictment charging six individuals with Grand Larceny in the First Degree and other crimes stemming from two separate real estate transactions involving a four-bedroom house located in the Town of East

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