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Move over Ponzi schemes, mortgage fraud is hot! April 29, 2009

Posted by jefhenningeresq in News.
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I’ve said it before and I’ll say it again.  Mortgage fraud is going to be hot for quite a while, especially in New Jersey.   I’ve seen it in my own practice and in the news.  Of course, some of these cases are civil, others are criminal.  New Jersey’s Attorney General announced more civil charges today, this time against Property Solutions of New Jersey Inc.; its president, Edward Toledo; its vice president, Leon Toledo; and its treasurer, Raymond Vega; and PSRE Holding Co. LLC.

My concern here is that these defendants need both a civil defense team and a criminal defense team to work together, but they will only hire a civil defense attorney to reduce costs.  These charges have a criminal component to them and criminal charges may spring up from this case at some point. 

You can read more about the allegations here.

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1. sirgeraldbirkin - August 7, 2009

FBI LAUNCHES SEARCH FOR ALLEN STANFORD’S FELLOW FRAUDSTERS

Now that Elandia founder and Ponzi schemer Allen Stanford is in the hands of the FBI, the Feds are looking for his network of swindlers including Sydney D. “Trip” Camper III. According to SEC filings, Trip Camper was forced to resign from Elandia by Stanford. Unfortunately, the Ahkoy family business, Datec, fell victim to investment fraud by Elandia’s Allen Stanford and Trip Camper. Before the bad news could spread, Trip Camper found a new victim in the form of a private Los Angeles company with aspirations to go public. Thanks to his new partner in crime, Ed Berkhof, Trip Camper ruined this honest company as he did Datec, the Ahkoy family business. Since becoming victims of Elandia fraud, the Ahkoy Family is suing Elandia in Pacific and Florida courts. Meanwhile, Trip Camper remains at large. Recent articles reveal that “FMC Telecom has acquired SMS…” and lists Ed Berkhof as the appointed COO. FMC Telecom founder Frank Cassidy is either Ed Berkhof’s NEW partner in crime or he has unfortunately fallen victim to investment fraud orchestrated by Ed Berkhof.

Investors Beware! The FBI is looking to prosecute thieves like Allen Stanford, Bernie Madoff, Trip Camper and Ed Berkhof who are leaving a path of destruction and a wake of fallen victims of fraud. Don’t be a victim of investment fraud.

View SEC links

http://www.secinfo.com/d14D5a.v6Q98.c.htm
http://www.secinfo.com/d14D5a.v6Q98.d.htm


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