Prominent real estate developer and owner Robert Morgan was indicted on 114 counts in a mortgage fraud scheme that involved more than $500 million in fraudulently obtained loans. The CEO of Rochester-based Morgan Management was charged with conspiracy to commit wire fraud and bank fraud, as well as money laundering. He pleaded not guilty to…

A New Jersey lawyer admitted to orchestrating a short sale mortgage fraud scam that resulted in losses totaling millions of dollars. Federal prosecutors said he targeted properties in Union, Jersey City and other locations in the state. Christopher Goodson, 45, pleaded guilty to conspiracy to commit bank fraud in Newark federal court. The U.S. Attorney’s…

As reported in The New York Times, the Justice Department made the decision not to file a civil fraud case against Angelo R. Mozilo, a co-founder of Countrywide Financial, which was one of the largest originators of subprime mortgages in the time leading up to the financial crisis. Prosecutors in Los Angeles, in conjunction with…