|Filed Under:||Real Estate / Real Estate Industry News|
|Posts on Regator:||3569|
|Posts / Week:||10.1|
|Archived Since:||March 20, 2008|
Tara Denise Bonelli, 33, Santa Cruz, California, pleaded guilty to promoting false and fraudulent real estate investments by knowingly making false promises about how investor funds were to be invested and repaid.
Taya Romano (a/k/a "Taya Waldon"), 36, Oklahoma, formerly of Ridgewood, New Jersey, was sentenced to 48 months in prison for a scheme to defraud two New Jersey families relating to the purchase, financing, and improvement of real estate in Oklahoma.
David Ovist, 45, Lake Oswego, Oregon, was convicted February 8, 2013, of bank and wire fraud following a 10-day jury trial.
Lorraine Brown, former president of mortgage document processor DocX, pleaded guilty to racketeering for her alleged role in authorizing the fraudulent signing of mortgage documents filed in Michigan.
Kevin M. O'Connell, 35, and Kevin D. O'Connell, 62, both of Albany, New York, were each sentenced in United States District Court, Syracuse, to 24 months incarceration by Senior District Court Judge Norman A. Mordue resulting from a long-term mortgage fraud investigation.
Justin H. Knight, 36, Littleton, Colorado, was sentenced by U.S. District Court Judge Robert E. Blackburn to serve five years' probation, with the first 12 months in home detention for shredding documents in an attempt to obstruct an investigation into a mortgage fraud scheme.
David Connolly, 51, Watchung, New Jersey, pleaded guilty to one count of securities fraud and one count of money laundering, admitting that he defrauded victims of an investment scheme by misusing their capital contributions and misrepresenting the performance of their investments.
James Cockinos, 58, Englewood Cliffs, a former mortgage broker and bank officer from Bergen County, New Jersey was arrested for allegedly conspiring to commit bank fraud to secure a $1.5 million residential loan.
Randal L. Walters, Des Moines, Iowa, a real estate developer, was sentenced to twelve months and one day in prison for his participation in a bank fraud scheme.
Warren Ballentine, 41, Durham, North Carolina, and formerly of Country Club Hills, Illinois, an lawyer who hosts a national radio talk show, was indicted on federal charges for allegedly engaging in two mortgage fraud schemes that defrauded lenders of a total of approximately $9.7 million.
Eric Reilly, 34, Galloway, New Jersey, a former employee of The Vacation Ownership Group LLC, admitted to conspiring to defraud owners of timeshare properties.
Lewis Whoolery, 44, Delray Beach, Florida, formerly of Port Vue, Pennsylvania, was found guilty by a federal jury of wire fraud conspiracy for his role in a mortgage fraud scheme involving fraudulent appraisals.
Gilbert Chung, Burlingame, California, a real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Chad Arthur Anderson, 39, Chisago City, Minnesota, and Troy Allen Huston, 43, Chisago City, both mortgage loan officers, were sentenced for recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
Kenneth H. DiPasquale, 37, Morgantown, West Virginia, pleaded guilty in connection with his role in fraudulent mortgage loan transactions, including the sale of his own home to a buyer whose identity he had stolen and to whom he "sold" the property for a nearly $320,000 profit.
Lee E. Baker, Jr., 57, Anchorage, Alaska, was sentenced by Chief U.S. District Court Judge Ralph R. Beistline, to 36 months in prison for making false statements to a credit union.
Shawn L. Portmann, a former senior vice president and loan officer at Pierce Commercial Bank, was sentenced in U.S. District Court in Tacoma to 10 years in prison and five years of supervised release for a mortgage fraud scheme that resulted in the collapse of the bank.
Safiyyah Tahir Battles, formerly a real estate agent with T&T Realty in Oklahoma City, has been sentenced to 30 months in prison for mortgage fraud and money laundering.
Steven J. Mascarenas, 53, Westminster, Colorado, was sentenced by U.S. District Court Judge Robert E. Blackburn to serve 72 months in federal prison for wire fraud, making a false statement to a pretrial services officer, and escape...
Filippos "Filip" Milios, 54, Newington, Connecticut, was arrested on a federal criminal complaint charging him with bank fraud stemming from his alleged involvement in an extensive mortgage fraud scheme in the greater Hartford, Connecticut area.