It's all connected...

We left off on Christmas eve with an insurance fraud scheme executed by some of the dumbest criminals in Miami Dade county, but what if any link is there to our tales of mortgage fraud?  A simple Google search of some of the names involved yields a treasure trove of information, let's pick a name from the very first page of the police report, Jason Cuza.

YIKES!  From the FBI's page...

United States v. Bryan A. Guarch, et al., Case No. 09-20627-CR-Moreno.

On July 23, 2009, thirteen (13) defendants were charged in a 15-count Indictment for their participation in a mortgage fraud scheme that resulted in approximately $4 million in fraudulent loans. Charged in the Indictment were defendants Bryan A. Guarch, 29, Richard Pi, 27,  Edwin Garcia, 30, Carlos Martinez, 29, Wayne Bermudez, 29, Oscar Quintero, 28, Sunsy Garcia, 29, Ryan Barouh, 27, Jason Cuza, 30, Anthony Silverio, 26, all of Miami, Rafael Jaramillo, 32, of Hialeah Gardens, Mario Estrada Mora, 25, of Miami Beach, and Vanessa Negron, 27, of Boiling Springs, South Carolina.
According to the Indictment, defendants Guarch and Pi organized the scheme and identified eight properties to be used to defraud mortgage lenders. Guarch and Pi used defendants Edwin Garcia, Rafael Jaramillo, Carlos Martinez, and Wayne Bermudez, to recruit  straw buyers to submit fraudulent loan applications to mortgage lenders. Among the straw buyers recruited in this way were co-conspirators Oscar Quintero, Mario Estrada Mora, Sunsy Garcia, and Vanessa Negron.
After submitting fraudulent loan applications to the lenders, Pi and Guarch paid-off loan officers, defendants Ryan Barouh and Jason Cuza, to facilitate the approval of the loans. Guarch and Pi caused the title company closer, defendant Anthony Silverio, to approve and submit to the lender a fraudulent HUD-1 Settlement Statement with an inflated purchase price. In an effort to conceal the fraud, Silverio provided a second HUD-1 Settlement Statement to the sellers reflecting the actual, much lower purchase price of the property. At closing, Guarch and Pi kept more than $1 million in loan proceeds, representing the difference between the inflated purchase price and the price actually paid to the seller for the property. After closing, Guarch and Pi used those loan proceeds to pay off their co-conspirators and to fund their lavish life styles. After each of the closings, the straw buyers defaulted on the loans, causing each of the properties to go into foreclosure and resulting in possible losses to the lenders of more than $2.6 million.
The Indictment includes charges of conspiracy to commit wire fraud and substantive wire fraud. Mr. Sloman commended the investigative efforts of the Federal-State Mortgage Fraud Strike Force, with special commendation to the U.S. Secret Service, U.S. Postal Inspection Service, the Miami-Dade Police Department, and the State of Florida Office of Financial Regulation. The case is being prosecuted by Assistant U.S. Attorney Peter A. Forand.

What are the chances?  Look at the ring leaders in this Federal indictment who were charged with orchestrating straw buyer schemes, they just happened to be involved in the bogus Exotic Car rental business that we discussed last week.  More coming...

When tourists, straw buyers and exotic car rentals go WRONG!

It's tough to be all full of piss and vinegar this time of year, so we'll leave off this Christmas eve with a police report that accurately describes the type of "exotic car rental" business that we described in Wednesday's post.  This police report regarding a wrecked exotic rental car has all the elements of an illegal car rental company that we discussed the other day, straw buyers, financial fraud, insurance fraud, etc...  Take a look for yourselves, I apologize in advance for this disjointed shitty presentation of the police report, I was in a rush.  As always, click on the image for a larger view...

There's a lot to digest there, take a second look and then you might be able to fathom how stupid the people involved were.  By the time they were done the idiots involved staged at least three accidents and from the looks of it filed four different police reports, three of which were bogus.  Sounds stupid doesn't it?  Sophomoric?  Consider this isn't just some random police report of a moronic crime that I pulled out of the court files, the players involved in this escapade who can't seem to differentiate their asses from their elbows were also responsible for tens of millions of dollars of mortgage fraud and may even have some link to the Barrera mortgage fraud case.  Interesting huh?  More coming...


Until then folks, have a Merry Christmas!