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FRAUDBARON.com
The Anti-Fraud Professionals'
Source for Fraud News
#463 Updated: 8/27/07 8:37 a.m.

Appraiser Pleads Guilty in $50 Million Real Estate Investor Fraud
A former licensed appraiser and an appraisal coordinator for a purported real estate
investment company pleaded guilty today for their respective roles in related conspiracies
that defrauded hundreds of individual investors of over $50 million and banks of over $2
million, U.S. Attorney Christopher J. Christie announced.   FBI press release.

Nonprofits easy targets for thievery
In California, education foundations have grown from a few dozen in the late 1970s to
about 600 today and raise about $100 million annually for an array of programs.   Full story,
signonsandiego.com

Mortgage fraud leader sentenced to jail
Nathan Parker, a mortgage broker, led a scheme to defraud commercial lenders and
financial institutions of more than $4 million relating to more than 20 properties.   Full story,
bizjournals.com

Metro man going to prison for health-care fraud, kickbacks
In the end, Medicare paid Christopher Muomah for the delivery of about 60 wheelchairs to
patients who had not seen a doctor and who had no documented medical necessity for the
wheelchair.  Full story, bizjournals.com

Grand jury indicts 2 for alleged mortgage fraud
A Franklin County grand jury indicted Upper Arlington resident Larry Corna, 52, and
Columbus resident Alan Csipke, 29, for an alleged scheme in which the men were purported
to have falsified loan documents related to the sale and mortgage of three Franklin County
properties and one in Ottawa County.   Full story, bizjournals.com

Employee arrested for embezzlement
Fitzgerald was arrested Wednesday after allegedly embezzling thousands of dollars from a
Mineral Wells area business where she was employed for 10 years, Palo Pinto County
Sheriff’s Department officials said. She was charged with theft greater than $100,000 and
less than $200,000, a second-degree felony.  Full story, mineralwellsindex.com
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