Fraud and Foreclosure Scams Session Featured at Conference

Stephen Robinson

Stephen Robinson, Deputy District Attorney, San Diego County will join Kevin Danford of the Federal Bureau of Investigation in an exciting session on Fraud and Foreclosure Scams on Monday, November 12th at 3:30 pm at the Hyatt Scottsdale Gainey Ranch. 

Trustees are seeing several different types of fraud. These include fraudulent BK filings, where a borrower grant deeds a partial interest to a debtor already in bankruptcy, and the debtor may or may not be aware of the conveyance.  This bankruptcy stay delays the foreclosure by months. By the time the beneficiary gets relief in one bankruptcy case, borrower grant deeds a partial interest to another debtor in bankruptcy. Another involves fraudulent reconveyances, where a borrower or a borrower's friend signs a substitution of trustee and reconveyance of the deed of trust, which also delays the trustee sale, and forces the beneficiary to file a lawsuit to revive the deed of trust. Another scam: after the borrower reconveys the deed of trust, the borrower then sells the property to a third party, and conveys it. This session will examine how to handle such scams.

Special Agent (SA) Kevin Danford has been with the FBI since early 2009 and is currently assigned to the FBI's Los Angeles Field Office, where he specializes in the investigation of financial institution fraud, mortgage fraud, bankruptcy fraud, and related economic crimes. Prior to working for the FBI, he was employed in the mortgage industry for over seven years as a Loan Originator, Senior Underwriter, and Senior Loan Auditor. In addition to being a Certified Fraud Examiner, SA Danford is considered a Subject Matter Expert (SME) for the FBI in the areas of mortgage fraud and foreclosure fraud schemes.

In the past 3 years, SA Danford has successfully investigated numerous large-scale foreclosure fraud cases, including the Darwin Bowman/Irving Cohen case in 2010, which involved approximately 1400 properties, and the Glen Alan Ward/Frederic Gladle case in 2011, which involved approximately 1300 properties. The latter case included the recent arrest in Canada of Glen Alan Ward, a 12-year fugitive from the FBI who conducted his fractionalized-interest foreclosure delay scheme from Canada during those 12 years.

Register for the conference

Thank you to our Sponsors!