Lender Processing Services Employees Indicted for Fraudulent Documents and Robo-Signing in Nevada

Nevada Attorney General Catherine Cortez Mast0 has filed a 606 count criminal indictment against two title officers, for supervising the filing of tens of thousands of fraudulent documents during their tenure at LPS, or Lender Processing Services.

Wall Street Journal: “Nevada Grand Jury Indicts Two in Alleged Robo-Signing Scheme”

The grand jury found “probable cause” that the alleged scheme “resulted in the filing of tens of thousands of fraudulent documents … between 2005 and 2008,” said Nevada Chief Deputy Attorney General John Kelleher.

 

The AG’s Press Release on the Indictments

The indictment alleges that both defendants directed the fraudulent notarization and

filing of documents which were used to initiate foreclosure on local homeowners.

The State alleges that these documents, referred to as Notices of Default, or “NODs”,

were prepared locally. The State alleges that the defendants directed employees under

their supervision, to forge their names on foreclosure documents, then notarize the

signatures they just forged, thereby fraudulently attesting that the defendants actually

signed the documents, which was untrue and in violation of State law. The defendants

then allegedly directed the employees under their supervision to file the fraudulent

documents with the Clark County Recorder’s office, to be used to start foreclosures on

homes throughout the County.

The indictment alleges that these crimes were done in secret in order to avoid detection.

The fraudulent NODs were allegedly forged locally to allow them

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