Blog Profile / Mortgage Fraud Blog

Filed Under:Real Estate / Real Estate Industry News
Posts on Regator:1833
Posts / Week:4
Archived Since:March 20, 2008

Blog Post Archive

Another Bolger Conspirator Takes a Plea

Gary Hughes, 36, San Diego, California, pled guilty to one count of mortgage fraud conspiracy involving bank fraud. He faces a maximum penalty of 30 years’ imprisonment. According to the plea agreement and court proceedings, in 2005, entities controlled by co-conspirators entered into a contract to purchase The Arbors, an apartment complex in Hillsborough County, Florida. […]

Indictment in Foreclosure Rescue Scheme Using Straw Borrowers

Sergio Roman Barrientos, 62, Poway, California, was indicted by a federal grand jury in a six-count superseding indictment that charged both Barrientos and Zalathiel Aguila, 42, Fairfield, California. According to the indictment, Barrientos,...Show More Summary

18 Years in Timeshare Consulting Scam

Ian Resnick, 41, Abescon, New Jersey was sentenced to 18 years in prison for his role in a $3 million conspiracy to scam customers by offering phony consulting services to owners of timeshares through the New Jersey-based Vacation Ownership Group LLC.  Resnick was previously convicted in September 2013 of one count of conspiracy to commit mail […]

Forgeries Conceal Liens but Conclude in Prison Time

Aruna Kumari Chopra, 66, of Modesto, today to one year and one day in prison, to be followed by a year of home confinement, for her mail fraud conviction in connection with a mortgage fraud scheme According to court documents, in 2008, Chopra purchased property on Dale Road, Modesto, California, that she intended to develop into […]

Bolger Co-Conspirator Sentenced to 8 months

Gary Blankenship, 45, St. Petersburg, Florida, was sentenced to eight months in federal prison for conspiracy to commit wire and bank fraud. He pleaded guilty on February 4, 2016. According to his plea agreement, in 2005, entities controlled by co-conspirators entered into a contract to purchase The Arbors, an apartment complex in Hillsborough County, Florida. The […]

Loan Fraud Scheme Indictment in Florida

Stevie McDonald, 41, Winter Haven, Florida was indicted and charged with multiple counts of bank fraud and a conspiracy to commit bank fraud. According to the indictment, McDonald participated in a conspiracy to defraud federally insured financial institutions in connection with multiple residential mortgage loans made by JP Morgan Chase Bank and Washington Mutual Bank. […]

Escrow Fraud Sentencing in Tennessee

Garry Christopher Forsythe, 42, Hendersonville, Tennessee, was sentenced to 33 months in prison to be followed by two years of supervised release and ordered to pay $2,249,294.80 in restitution and to forfeit the proceeds of his crime. Forysthe pleaded guilty to one count of wire fraud in December 2015 in connection with a scheme involving escrow funds held by […]

Prison Sentence For Advance Fees to Distressed Homeowners

Ligia Sandoval Spafford (Sandoval), 48, Roseville, California, was sentenced  by U.S. District Judge Troy L. Nunley to two years and three months in prison for a scheme to defraud distressed homeowners Sandoval was ordered to self-surrender on June 9, 2016. Sandoval paid $115,065.00 in restitution, the full amount of restitution ordered by the Court, to compensate […]

Real Estate Agent Sentenced for Concealed Incentives

Joseph Pasquale, 39, Worcester, Massachusetts, to four years and nine months in federal prison for conspiracy to commit bank fraud and bank fraud. A federal jury found him guilty in January 2016. According to testimony and evidence presented at trial, Pasquale worked as a real estate sales associate for a brokerage based in Cape Coral, Massachusetts. […]

Five Men Plead Guilty in Loan Modification Scam

Roscoe Umali, 38, Los Angeles, California; Jefferson Maniscan, 34, Los Angeles, California; Raymund Dacanay, 47, Los Angeles, California; Isaac Perez, 33, Los Angeles, California; and Joshua Johnson, 36, Los Angeles, California;  pleaded...Show More Summary

Tax Evasion Plea in Mortgage Elimination Scheme

Amaziah Yahalom, who also goes by Andre C. Page, 35, Los Angeles, California pleaded guilty to one count of tax evasion, arising from his role in a mortgage fraud scheme in which he failed to report the proceeds of the fraud on his income tax return.  He admitted in court that the mortgage fraud scheme in which […]

Incentive Kickbacks = Home Builder Indictment

Gary Bryan Penrod, 52, home builder, Greenwood, Missouri,  was charged in a 22-count indictment returned by a federal grand jury in Kansas City, Missouri,  in connection with a multi-million dollar mortgage fraud scheme. The federal indictment alleges that Penrod, doing business as Penrod Homes, Inc., engaged in a scheme to defraud mortgage lenders from May 2005 to […]

14 Year Prison Term for Straw Buyer Fraud

Vera Kuzmenko, 46, Loomis, California was sentenced to 14 years in prison for multiple counts of mail and wire fraud, witness tampering, and money laundering associated with her involvement in a mortgage fraud scheme that cost financial institutions over $16 million. On December 4, 2015, after a 16-day trial, a federal jury returned guilty verdicts for […]

Jury Convicts Guyanese National of Mortgage Fraud

Ravindranauth “Ravi” Roopnarine, 56, Guyana, was convicted following a federal jury trial on charges stemming from his leadership and participation in an extensive mortgage fraud scheme.  Roopnarine was charged by indictment with conspiracy...Show More Summary

Mod Fraud Indictment in New Jersey

Daniel Sheehan, 41, Gloucester City, New Jersey, and John Hoban, 42, Bellmawr, New Jersey, were indicted in connection with a scheme to defraud distressed homeowners seeking help out of more than $400,000,.  The pair is charged with wire fraud conspiracy and eight counts of wire fraud.  Sheehan is additionally charged with 18 wire fraud counts and one […]

Fraud Schemes Result in Prison Sentence

Ryan Geddes, 44, Litchfield, Connecticut was sentenced to 30 months of imprisonment, followed by three years of supervised release, for participating in multiple conspiracies involving a series of real estate transactions intended to shield assets from creditors. Show More Summary

Stealing – for spiritual validation

“Normally it’s greed, greed, greed, greed, greed,” the judge told Hillman. “And that’s not what it is. You’re seeking love and spiritual validation.”

Plea in New Jersey Shotgunning case

Sung Ho Mo, a/k/a “Douglas Mo,” 53, Totowa, New Jersey, a self-employed loan broker, admitted using bogus documents and simultaneous applications at multiple banks to fraudulently obtain home equity lines of credit, resulting in losses of $1.3 million.  Mo pleaded guilty  before U.S. Show More Summary

5 Year Sentence in Straw Buyer Scheme Involving Baltimore Row Houses

Alberic Okou Agodio, 31, Bethesda, Maryland, was sentenced to 61 months in prison followed by five years of supervised release for conspiracy, wire fraud, and aggravated identity theft, arising from a mortgage fraud scheme in which he used the names of immigrants and students, along with false financial information, to obtain $3.8 million in home mortgage loans […]

Man Who Recruited Churches into Fraud Scheme Sentenced

Chester Peggese, 59, Los Angeles, California was sentenced to serve one year and one day in federal prison yesterday in connection with recruiting churches into a $4.2 million mortgage scheme that defrauded Broadway Federal Bank.  Peggese was also ordered to pay restitution of $4.2 million to Broadway Federal Bank and $38,609 to the Internal Revenue Service. Peggese […]

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