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Mark Diamond

operator convicted

What this page is

Convicted in a public proceeding.

This page records only the legal facts of a public proceeding, each with its own source. It contains no addresses, contact details, family information or speculation, by policy, see the editorial policy. Last reviewed 2026-10-01.

  1. Operated a home repair and reverse mortgage fraud scheme from an office in the 2300 block of North Damen in Chicago, targeting elderly and disabled homeowners on the city's West Side from roughly 2008 through 2015. source
  2. In 2003, agreed to a consent decree barring him from closing loans, and in April 2010 had his loan originator registration suspended for four years by the Illinois Department of Financial and Professional Regulation. source
  3. Was arrested in 2017 and pleaded guilty to one federal count of wire fraud affecting a financial institution. source
  4. Defrauded more than 100 homeowners aged 62 to 98 out of at least $7 million by inducing them to take out reverse mortgages for home repairs he mostly never substantively performed. source
  5. Sentenced on January 16, 2025 by US District Judge Franklin Valderrama in the Northern District of Illinois to 205 months (just over 17 years) in federal prison, ordered to pay $2.7 million in restitution, and barred from working as a mortgage banker or home builder. source

These are the facts of a concluded proceeding. Only the legal facts of that proceeding appear on this page, in line with the site’s editorial policy.

Cases

Sources

  1. Chicago man sentenced to prison for defrauding elderly homeowners on West Side in reverse mortgage scheme. Chicago Sun-Times. Accessed 2026-10-01.
  2. Corrupt Chicago contractor Mark Diamond sentenced to 17 years in prison for targeting elderly Black homeowners on West Side. ABC7 Chicago (WLS-TV). Accessed 2026-10-01.

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