Andrew Wolf, Alpharetta, Georgia, a defendant in a large-scale mortgage fraud scam with losses to lenders in excess of million, was been sentenced to prison. As part of his sentence, Wolf was ordered to pay a special assessment of $ 100.00 and serve a prison term of Twenty-Eight (28) months. The Court ...
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Written by admin on July 29th, 2010
Written by admin on July 28th, 2010
Joseph C. Donohue, 70, Greeley, Kan., has been sentenced to six months in federal prison followed by six months of house arrest for bank fraud. The court also ordered Donohue to pay million in restitution.
Donohue pleaded guilty to one count of bank fraud. In his plea, Donohue admitted he ...
Written by admin on July 28th, 2010
Seven defendants have been sentenced in federal court for their roles in a .6 million mortgage fraud conspiracy that involved 25 upscale residential properties in Lee's Summit, Missouri, and Raymore, Missouri.
Stefan M. Guerra, 31, Lee's Summit, Mo., Jerome Shade Howard, 41, Anaheim, Calif., Michael Conrad Smith, 49, Lancaster, Calif., and Gerald D. Williams, ...
Written by admin on July 26th, 2010
Arthur James Marshall, Jr., 41, Augusta, Georgia, was sentenced to 69 months in prison and 5 years of supervised release for his mortgage fraud convictions. Marshall was also ordered to pay more than .6 million restitution to his victims.
Evidence presented at sentencing and as previously reported on Mortgage Fraud Blog, revealed that Marshall ...
Written by admin on July 22nd, 2010
Jessica Murillo, 33, a New Jersey resident, guilty to wire fraud affecting a financial institution. Murillo faces a maximum penalty of 30 years in federal prison. A sentencing date has been set for October 1, 2010, at 9:00 a.m. before U.S. District Judge Richard A. Lazzara.
According to facts presented at trial ...
Written by admin on July 22nd, 2010
Darrell Lynn Marriott, 57, Gun Barrel City, Texas, the fourth member of a multi-county mortgage fraud scheme pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages. Marriott was sentenced in Navarro County District Court to 28 years in prison for securing the execution of ...
Written by admin on July 22nd, 2010
Sixto Figueroa, 58, his wife Susy Figueroa, 45, Rolando Herrera, 64, and Manuel Garcia, 41, all of Miami, Florida, were all found guilty of participating in a mortgage fraud scheme that resulted in the issuance of 2,118 in mortgage loans from Wachovia Bank.
According to the evidence produced at trial and as ...
Written by admin on July 21st, 2010
Timothy Reed, 45, Beltsville, Maryland, was sentenced to 51 months in prison followed by five years of supervised release for mail fraud arising from the fraudulent purchase of 25 properties in Maryland, the District of Columbia and Virginia using false mortgage and settlement documents. Reed was also ordered to pay ,196,967 in ...
Written by admin on July 20th, 2010
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 ...
Written by admin on July 19th, 2010
Hassan Nemazee, 60, Manhattan, New York, former political fundraiser, was sentenced in Manhattan federal court to 144 months in prison for defrauding Bank of America, N.A. ("BofA"), Citibank, N.A. ("Citibank"), and HSBC Bank USA, N.A. ("HSBC"), out of 2 million in loan proceeds. In addition to the prison term, United States District ...
Written by admin on July 19th, 2010
Michael Troy Dyer, 46, Salem, Oregon, was sentenced in Polk County, Oregon, to 3 years in prison and ordered to pay ,000 for mortgage fraud and drug convictions. Dyer pleading guilty to 1 count of Unlawful Manufacture of Marijuana as a Commercial Drug Offense and 1 count of Unlawful Possession of Marijuana as a Commercial Drug ...
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 July 16th, 2010
Joshua Gervolstad, Redding, California, has been sentenced to three years in prison, ordered to pay .4 million restitution and will be on supervised release for two years, according to media reports. As previously reported by Mortgage Fraud Blog, Gervolstad pleaded guilty to one count of mail fraud in connection with a ...
Written by admin on July 16th, 2010
Steven F. Shaw, 49, a New York resident, was sentenced in United States District Court in Albany, New York, to 36 months in prison, to be followed by supervised release for 5 years, and to pay restitution in the total amount of ,653,530, upon his conviction of making false statements in a ...
Written by admin on June 16th, 2010
Jared Arambel, a Nevada resident, has been sentenced to 41 months in prison on a charge of conspiracy to commit mail, wire and bank fraud.
Per court documents, Arambel and his co-conspirators solicited persons to act as straw buyers and to submit loan applications and supporting documentation that contained false and ...
Written by admin on June 16th, 2010
Monica Cardona, 39, Upper Saddle River, New Jersey, a former loan officer at a Hackensack, New Jersey realty company, was sentenced to a year and a day in prison for committing mortgage fraud in connection with the sale of a residential property she owned in Westwood, New Jersey. Cardona pleaded guilty ...
Written by admin on June 15th, 2010
Jeffery Tye Brown, 50, Henderson, Nevada, was sentenced to prison following a plea of guilty to felony mortgage fraud in violation of NRS 205.372, a Category C felony, in connection with the operation of DB Financial Services, a foreclosure rescue business located in Henderson.
Las Vegas District Court Department 1 Judge Kenneth ...
Written by admin on June 12th, 2010
ALEXANDRIA, VA—Lloyd Mallory, 48, of Silver Spring, Maryland was sentenced today to 60 months in prison, followed by three years of supervised release, for his role in helping to carry out a multi-million-dollar mortgage fraud scheme. He was also ordered to pay $2,797,855 in restitution.
Neil H. MacBride, United States Attorney ...
