Timothy Lynn Beliveau, Minneapolis, Minnesota, was sentenced by U.S. District Court Judge James M. Rosenbaum to 87 months in frederal prison. Judge Rosenbaum referred to Beliveau as a "con man." Beliveau pleaded guilty in March 2010 to one count of engaging in a monetary transaction involving criminally derived property in ...
Most Recent Articles For: Estate
Written by admin on July 20th, 2010
Written by admin on July 16th, 2010
Jon Weldon James, 33, Long Beach, California, a man who collected million from investors with false claims of large profits from real estate investments, was sentenced to 78 months in federal prison for running the Ponzi scheme. United States District Judge R. Gary Klausner also ordered the defendant to pay ,172,412 ...
Written by admin on June 22nd, 2010
Tony Huy Havens, 36, Modesto, California, has been charged in a 30 count indictment with wire fraud and criminal forfeiture.
According to the indictment, Havens targeted victims in at least eight states who were seeking multi-million dollar loans for large construction projects that were in danger of foreclosure. Havens provided the victims ...
Written by admin on June 16th, 2010
Sergio Natera, 35, Bridgeport, Connecticut, a licensed real estate agent, pleaded guilty before United States Magistrate Judge Holly B. Fitzsimmons in Bridgeport to one count of bank fraud stemming from his involvement in a "short sale" mortgage fraud scheme. A short sale transaction involves a mortgage holder or lender entering ...
Written by admin on June 15th, 2010
FRESNO—United States Attorney Benjamin B. Wagner announced today that a federal grand jury returned a 30-count indictment charging Tony Huy Havens, 36, of Modesto, California, with wire fraud and criminal forfeiture.
According to the indictment, Havens targeted victims in at least eight states who were seeking multi-million-dollar loans for large construction ...
Written by admin on June 11th, 2010
It was bound to happen.
As the real estate market has changed, so have the schemes being concocted by criminals, some of them real estate professionals.
Short sale fraud can occur in a number of forms. The primary form occurs when the listing agent (Realtor) for a property being marketed as a ...
Written by admin on June 6th, 2010
ALEXANDRIA, VA - Ahmad Z. Abbasi, 36, of Woodbridge, Va., was sentenced today to 46 months in prison, followed by three years of supervised release, and ordered to pay $1,637,412 in restitution. Abbasi pled guilty on March 3, 2010, to conspiracy to commit mail fraud for recruiting unqualified buyers who ...
Written by admin on June 3rd, 2010
A San Diego judge sentenced a man who was convicted by a jury of 160 felony charges that included breaking the mortgage foreclosure consultant law, conspiracy, grand theft and rent skimming to a stunning 46 years in prison for ripping off his victims for more than $2 million.
William Jeffrey Hutchings, 63, who represented ...
Written by admin on June 2nd, 2010
SACRAMENTO, Calif. - The California Department of Real Estate (DRE) continues to unearth and close down unscrupulous and unlicensed loan modification companies who prey on financially stressed homeowners. These companies seek out homeowners who are facing foreclosure and promise to obtain a loan modification, but once the homeowner pays a ...
Written by admin on May 19th, 2010
A mother-daughter team is sitting in Kern County jail after being unable to post bail of $1 million each.
Dawn Marie Kantin, 37, and her 69 year-old mother Alice Kantin, have been charged with dozen of counts of conspiracy, embezzlement, theft, notary fraud and forgery. The charges arise from a real ...
Written by admin on May 19th, 2010
A closely-watched case in Westminster in which a real estate broker was accused of stealing $17.5 million end when Kathy Chen, 49, was convicted multiple counts of real estate fraud. Chen was charged with using stolen identities in order to purchasing properties, which she then defaulted on so that she could steal the loan ...
Written by admin on May 14th, 2010
Roderic Tokubo , already the object of a court order forbidding him from operating “equity share agreements”, was found in contempt for violating that court order. Judge Kay Kingsley further ordered Tokubo to pay $173,000 in restitution to an Margaret Irvin, an elderly woman in Salinas who lost her home ...
Written by admin on May 8th, 2010
LOS ANGELES - The owners of a used car dealership and a mortgage company in Downey were convicted in a real estate fraud case, despite the fact that one of the defendants had a voodoo shrine with the names of prosecutors and investigators, the District Attorney’s Office announced today.
Ruben Hernandez, ...
Written by admin on May 7th, 2010
The owners of Downey Motorcars and Coast to Coast Mortgage were convicted of multiple counts of grand theft and filing false applications.
Ruben Hernandez, 34, and Joe Rodriguez, 44, now face up to 13 and 14 years in prison, respectively. Both men bought properties using phony social security cards and bank statements.
When law ...
Written by admin on April 23rd, 2010
A San Leandro woman is looking at four years in prison after pleading guilty to defrauding an elderly, disabled woman in San Jose. If it were not for a concerned neighbor of the victim who contacted the Santa Clara County District Attorney’s real estate and elder-dependent adult fraud unit, this ...
Written by admin on April 23rd, 2010
San Diego U.S. Attorney Karen P. Hewitt announced that Michael Alexander, who owne several San Diego telemarketing companies involved in a real estate investment fraud scam, was sentenced to serve 30 months in prison after pleading guilty to mail fraud and filing a tax return. Alexander was also ordered by U.S. District Court Judge ...
Written by admin on April 21st, 2010
San Diego - United States Attorney Karen P. Hewitt announced that Michael Alexander, the owner of several San Diego telemarketing companies involved in a real estate investment fraud scheme, was sentenced today in federal court in San Diego to serve 30 months in prison and three years of supervised release ...
Written by admin on April 20th, 2010
A Los Angeles firefighter who resigned from the department in December 2009 to avoid being fired has now pleaded no contest to numerous felony counts in a real estate fraud prosecution.
The Los Angeles County district attorney’s office said Bren Lamont Mathews, 43, pleaded no context to six counts of forgery, three counts ...
