Ohio Man Sentenced for Role in Mortgage Fraud Scheme – NMP Skip to main content

Ohio Man Sentenced for Role in Mortgage Fraud Scheme

May 20, 2011

A Shaker Heights, Ohio man, Beyond Wynn, has been sentenced to 18 months in prison for his role in a mortgage fraud scheme that involved more than two dozen properties, announced Steven M. Dettelbach, United States Attorney for the Northern District of Ohio. Wynn, age 37, pleaded guilty last year to conspiracy to commit wire fraud. Wynn admitted selling properties, and profiting from those sales, to people he knew to be straw buyers, according to court documents. This case was prosecuted by Assistant U.S. Attorney Mark S. Bennett following an investigation by the Cleveland Division of the Federal Bureau of Investigation (FBI).
About the author
Published
May 20, 2011
CHLA Says Direct Payments Are Key To Small FHA Loans

The lender group says mortgages below $100,000 routinely lose money, while LO compensation rules could prevent federal incentives from reaching originators

Solidifi Clears FHA Certification For UAD 3.6 Integration

The appraisal management company says it is the first to complete certification for FHA’s modernized EAD platform, giving lender clients an early path toward implementation

Vought To Face Congress Over CFPB Overhaul, Enforcement Pullback

Vought’s testimony also comes as a new poll suggests the CFPB retains broad support across party lines

Illinois Changes Property Tax Foreclosure Process To Return Surplus Equity

Borrowers can save remaining home equity after delinquent property taxes and fees are paid

CFPB Weighs Changes To TRID Timing And Mortgage Rescission Rules

The bureau is seeking feedback on whether federal disclosure requirements raise costs, delay closings or limit access to mortgage credit

CFPB Issues AI Underwriting Guidance On Adverse Action Notices

The agency says proprietary and machine-learning models do not relieve lenders of their fair lending and disclosure responsibilities