Long Island mortgage executives charged with warehouse line fraud

Senior execs at Vanguard Funding accused of embezzling $8.9. – Three senior executives at a New York mortgage lender were arrested Tuesday morning and charged with misappropriating $9 million from warehouse lines of credit meant to be used to fund mortgages.

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, senior executives at Long Island mortgage lender vanguard funding, 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.

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.

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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

Long Island mortgage executives charged with warehouse line fraud Three executives from Vanguard Funding are facing fraud charges related to their alleged misuse of nearly $9 million in warehouse lending funds. Mortgage fraud Bonnie Sinnock September 18, 2017.

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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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Top Executives At Long Island Mortgage Lender Arrested For. – 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, senior executives at Long Island mortgage lender Vanguard Funding, 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.

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