Oudom Somee, 46, currently in custody, but most recently a resident of Las Vegas, Nevada, who used friends and family members to serve as straw buyers to fraudulently purchase homes so he could skim part of the loan proceeds for himself, has been sentenced to 51 months in prison, five years of supervised release, and ordered to pay approximately $1.3 million in restitution.
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Paul Wagner, 59, Las Vegas, Nevada, a homebuilder has been sentenced to 14 years in prison, five years of supervised release, and ordered to pay $4.4 million in restitution for selling houses at inflated prices in order to fraudulently obtain mortgage loans.
Robert G. Nelson, 40, Chicago, Illinois, was sentenced to 5½ years in federal prison for cheating about 35 victims of approximately $2.6 million in an investment fraud scheme.
Jose L. Nino de Guzman, Jr., 30, Seattle, Washington, who marketed real estate investment opportunities in Peru, pleaded guilty in U.S. District Court to wire fraud and money laundering for his creation and operation of a classic Ponzi scheme.
Robert Mikail, 41, formerly of Ashburn, Virginia, pleaded guilty to conspiring to commit bank fraud in connection with his role in fraudulent mortgage loan transactions involving approximately 36 properties in northern Virginia and nearly $20 million in fraudulently obtained loans.
Tammy Roaderick, 39, Largo, Florida, pleaded guilty to conspiracy to commit wire fraud. Roaderick faces a maximum penalty of five years in federal prison. Her sentencing hearing is scheduled for November 7, 2013.
Amy B. Williams, 48, Buford, Georgia, has been indicted by a federal grand jury on charges arising out of a scheme to defraud First Coweta Bank.
Richard Saddler, St. Louis County, Missouri, owned Omicron Capital LLC, a company in the business of assisting customers in refinancing commercial and real estate loans, has been indicted on fraud charges.
Eric Lamarr Drake, 37, Detroit, Michigan, was arrested for allegedly operating a fraudulent mortgage banking business under false pretenses by promising mortgage services, retaining clients’ money and never delivering refunds to those clients.
Angela Corson Smith, 32, Billings, Montana, pled guilty to bank fraud during a federal court session on July 17, 2013, before U.S. District Judge Sam E. Haddon.