Long Island mortgage executives charged with warehouse line fraud

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Three men were among three financial executives at a Long Island-based mortgage lender who were arrested for an alleged scheme to fraudulently obtain nearly $9 million in loans, federal.

Two mortgage executives accused of lying to banks in order to obtain nearly $9 million in short-term loans for Long Island mortgage lender Vanguard Funding LLC admitted in New York federal court.

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.

Investments Lending Long Island mortgage banker gets 12+ years for $100 million mortgage fraud scheme Financial institutions lost $30 million in scheme

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police & fire Top Executives At Long Island Mortgage Lender Charged In $8.9 Million Fraud: U.S. Attorney The trio used the money to pay for personal expenses and to repay other fraudulently.

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Top Executives At Long Island Mortgage Lender Arrested For. LLC (Vanguard), with conspiracy to commit wire and bank fraud in connection with their obtaining more than $8.9 million of warehouse loans for Vanguard to fund mortgages.. executives of a mortgage lender – defrauded banks into lending.

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Long Island Mortgage Lender Pleads Guilty To $8.9 Million Fraud · Stephanie Abbott.. Top Executives Plead Guilty to $8.9 Million in Warehouse Loan Fraud · Stephanie.. Warehouse Lending Scheme Indicted in New York · Rachel Dollar .

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In Toronto, his company also has a long-term contract to. who took out a line of credit on his home. Se Na Lee, 43, a homemaker living in Richmond Hill with her husband, Andrew Lee, 46, a mortgage.

Three senior executives at Vanguard Funding LLC, a Long Island-based mortgage lender, were arrested on conspiracy to commit bank fraud and wire fraud Tuesday. All three defendants obtained over $8.9 million in warehouse loans for Vanguard. Forty-two-year-old Matthew T. Voss. Continue reading

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