|Filed Under:||Real Estate / Real Estate Industry News|
|Posts on Regator:||3569|
|Posts / Week:||13.2|
|Archived Since:||March 20, 2008|
Brandon L. Barber, 37, New York, New York, and four other men were charged with federal crimes stemming from schemes to defraud involving several Northwest Arkansas real estate transactions and Barber's bankruptcy case.
Larry Duwayne Woods, 69, pled guilty in federal court in Florence, South Carolina, to wire fraud in connection with a condominium development project.
Myra Holmes, Vallejo, California, was convicted by a federal jury of one count of Bankruptcy Fraud, one count of Bank Fraud, and three counts of Making a False Statement to a Bank.
Lane Anderson, 38, was sentenced to four years' imprisonment for conspiracy to commit bank fraud and wire fraud.
Aaron G. Seltzer, 36, Trappe, Maryland, on nine counts of wire fraud in connection with a scheme in which he converted funds intended for real estate investments to his personal use.
Wanda Henderson, 56, Westover, Maryland, was sentenced by U.S. District Judge Ellen L. Hollander to 18 months in prison, followed by five years of supervised release, for forging the signatures of various bank officials, including the President, as the approving loan officer on applications.
Brett A. Amendola, 38, Ashburn, Virginia, was sentenced to 84 months in prison for carrying out a $5 million Ponzi scheme involving his purported purchase of real estate.
Geoffrey Montani, 36, and Kenneth Jones, 50, both of Portland, Oregon, were sentenced to 15 months in prison in separate hearings following their convictions for wire fraud in connection with a mortgage fraud scheme.
Aboulmalik Negedu, 50, formerly of Stratford, Connecticut, was sentenced to serve five years in prison for stealing more than $120,000 from friends and others who pooled their money expecting to invest in real estate.
Surjit Singh, 66, Dublin, California; his son, Rajeshwar Singh, 38, Pleasanton, California; and Anita Sharma, 51, Gilroy, California, have been indicted and charged with mail fraud, bank fraud, and false statements on a loan and credit application.
Allison McClellan, 40, Odenville, Alabama, a former officer at a Birmingham bank, was sentenced by a federal judge to six months in prison, followed by six months home detention, plus three years of supervised release for a five-year fraud through which she stole almost $275,000 from her employer.
Jason G Haywood pled guilty to charges that he knowingly made a false statement for the purpose of influencing a lender in connection with a loan for a residential property. The defendant stated in a loan application that his net worth was more than $1.9 million, when in truth and in fact, as he knew well, his net worth was not that amount.
Gregory Wayne Eagle, 62, Cape Coral, Florida, pleaded guilty to four counts of bank fraud, one count of mail fraud, and one count of wire fraud in connection with the altering trust agreements to obtain a mortgage.
Neal Sultzer, Plainview, New York, has been sentenced for his role in a to conspiring to commit wire fraud and bank fraud in connection with a $66 million mortgage fraud scheme involving over 100 home mortgage loans for residential properties in the New York City area, Westchester County, Dutchess County, and Long Island.
David L. Sturgeon, 63, Cordell, Oklahoma, has pled guilty to making false statements to defraud the Bank of Cordell.
Peter McDonough, Pleasanton, California, and Michael Renquist, Livermore, California, two real estate investors, have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Paul Mancuso, 46, Glen Rock, New Jersey, and Pasquale Stiso, a/k/a Pat Stiso, 52, West Harrison, New York, were arrested and charged with engaging in a real estate investment fraud conspiracy that defrauded more than 15 victims of approximately $5 million from 2009 to the present.
Randolph Branham, 46, Destin, Florida, a former mortgage broker, was sentenced in federal court to two years in prison and ordered to pay over $1.8 million in restitution, having been adjudicated guilty of multiple bank fraud violations.
Michael Wayne Harding, 59, Keswick, Virginia, a local businessman and former commercial real estate agent, pled guilty to federal fraud charges.
Gary Dimattia, 62, Las Vegas, Nevada, pled no contest in connection with his operation of a mortgage lending fraud scam, including four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.