Click on a company to see a brief description of allegations.
- Angelo R. Mozilo
- Baker, Kennedy and Associates, Summit Legal Group,PA. / Triton Group Holding, Inc / THE LAW OFFICES OF WILLIAM O'TOOLE, P.A., Take2 Enterprises,Inc.
- Elect Group, LLC, and United Housing Relief, Inc,
- FHA All Day.Com, Inc./Daniel Fox/The Hall Firm/Housing Assistance Inc/Housing Assistance Now/Housing Assistance Law Center/Safety Financial
- FMA Servicing Inc., a/k/a Financial Management Advisors, a/k/a www.fmafinancial.com, and a/k/a Financial Management Services
- Foreclosure Services of America, Inc. d/b/a Fix The Foreclosure, Inc. a/k/a American Housing Counsel
- JPB Consulting, Inc. a/k/a Mortgage Modification Solutions
- Keep Your Property, Inc., William R. Colon, Carlos A. Hernandez
- Law & Associates, LLC, Thomas E. Law II
- Mortgage Crisis Solutions Association, LLC Property Solutions Specialists, Inc.
- NATIONAL FORECLOSURE COUNSELING SERVICES CORP
- National Foreclosure Management, Inc.
- Outreach Housing, LLC United Home Front, LLC Blair L. Wright, and Bryan E. Berry
- Three Angels Community Action Network, Inc. a/k/a 3ACN
- US Mitigators
- Assurity Financial Services, LLC; Calvin B. Hamler; and Troy P. Hamler
- Freedom Quest Financial, Corp., Janus Realty Group, Inc., and Liberty Foreclosure Solutions, Inc.
- Home Owner Protection Economics a/k/a H.O.P.E.; Deleverage America, inc.; DC Financial; Xpress Funding, Inc.; Dennis Fischer; and Chris Godfrey
- Law Offices of Thomas Dvorak, Esq., Thomas Dvorak, Esq., Hollis Mandell, Daniel P. Minihan, Anthony James Florence, NDA Financial, LLC
- MGD Management LLC, CRS Marketing LLC, Mark Dalen
- Sunbelt Credit Solutions, LLC; CES Mortgage Solutions, LLC; Carol E. Shamis; Jeremy Shamis
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Attorney General Bill McCollum Press Release
Printer FriendlyAttorney General Sues South Florida Business for Equity Skimming Scheme
TALLAHASSEE, FL - Attorney General Bill McCollum today filed a lawsuit against a Miami-Dade County business, its owners and several straw buyers for their participation in an equity skimming scheme that victimized at least 20 South Florida homeowners. Xolutex, Inc., and principals Ceasar F. Tavaras and George Ibanez are named in the lawsuit, which claims the equity losses as a result of the scheme exceeded $1.9 million.
The Attorney General’s Economic Crimes Division began investigating the company’s practices in December 2007 after receiving multiple consumer complaints. According to the lawsuit, the defendants allegedly sought homeowners who were in various stages of foreclosure proceedings and met with them under the guise of offering foreclosure rescue and credit counseling. Homeowners were then lured into the scheme where straw buyers would purchase the homes for inflated home prices, maximizing the money they could skim from the homeowners.
To facilitate the straw buyers’ ability to qualify for these loans, Xolutex and its principals allegedly helped falsify loan applications. Additionally, Tavaras and Ibanez allegedly convinced the homeowners to sign documents which caused virtually all of the equity in the homes to be paid to Xolutex.
The lawsuit seeks injunctive relief against Xolutex, its principals and straw buyers, prohibiting them from ever participating in any real estate, mortgage or credit counseling related business again. The Attorney General is also seeking full restitution on behalf of all victimized consumers, civil penalties of $10,000 for each violation of the Florida Unfair and Deceptive Trade Practices Act, and reimbursement for fees and costs related to the investigation.
A copy of the lawsuit is available online at: http://myfloridalegal.com/webfiles.nsf/WF/MRAY-7X3MUC/$file/XOLUTEXinjcom.pdf