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Realtors reach agreement with U.S. Department of Justice

Realtors reach agreement with U.S. Department of Justice

Jana DeWitt and Kenneth Westfall, licensed real estate agents operating in Colorado Springs, paid the United States $93,500 in civil penalties to settle allegations that they engaged in deceptive conduct, violating the Financial Institutions Reform Recovery and Enforcement Act. According to the U.S. Department of Justice, DeWitt engaged in fraud in at least 17 bank-owned properties,… Continue Reading Realtors reach agreement with U.S. Department of Justice

AG indicts nine in fraud scheme targeting homeowners

The statewide grand jury indicted nine people for targeting distressed homeowners as part of a fraudulent short-sale scheme. The scheme allowed the defendants to defraud banks and lenders who held mortgages for the distressed homeowners, according to a news release from the Attorney General’s office. Wendy Thomas, 46, Chicago, previously of Thornton; Cristina Nicole Smith,… Continue Reading AG indicts nine in fraud scheme targeting homeowners

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