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Six Charged in Phoenix Mortgage Fraud Scheme

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

March 14, 2007

 

After allegedly conspiring to illegally sell 65 properties in the Phoenix area using the Department of Housing and Urban Development “Pre-Foreclosure” sale program, six individuals have been indicted in Phoenix for conspiracy and separate counts of mail and wire fraud violations, according to the U.S. attorney’s office for the District of Arizona and HUD.

 

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.

 

According to Daniel G. Knauss, U.S. attorney for the District of Arizona, the charged defendants are Trudy M. Peters of Peoria, Ariz., a former escrow officer for Ticor Title Agency, Phoenix; John M. Soto of Moreno Valley, Calif., a former service representative for Wells Fargo Home Mortgage, San Bernardino, Calif.; Larry M. Smith of Rancho Cucamonga, Calif., also a former service representative for Wells Fargo Home Mortgage; Maria A. Felix of Glendale, Ariz., a former housing counselor for Acorn Housing, Phoenix; and Tony S. Vasquez of Tolleson, Ariz., a former housing counselor for Chicanos Por La Causa, Phoenix.

Also listed in the indictment as an un-indicted co-conspirator is Edward Carrillo Jr., currently serving a five-year prison sentence arising from a state conviction for fraudulent schemes and artifices.

... Full Story