|Filed Under:||Real Estate / Real Estate Industry News|
|Posts on Regator:||3598|
|Posts / Week:||9.8|
|Archived Since:||March 20, 2008|
David Burrus, Jr., 39, Burns, Tenneesee, formerly of Virginia Beach, pleaded guilty in Norfolk, Virginia, federal court to conspiring to commit mail and wire fraud in conjunction with mortgage loans he obtained from 2005 through 200...
John Leadbeater, 54, Kearny, New Jersey, and Daniel Cardillo, 49, Wildwood, New Jersey, have been indicted and charged as alleged conspirators in a $13 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos at the Jersey shore are charged in connection with the scheme.
Ronald Wesley Groves, 71, Sacramento, California, was sentenced to 10 years in prison and Donald Charles Mann, 56, Sacramento, was sentenced to 17 years and six months in prison for retaliating against a prosecutor and FBI agents.
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.