Becky Lynn Ring, formerly known as Becky Lynn Stoltenberg, 38, Madison, Wisconsin, was sentenced by U.S. District Judge Barbara B. Crabb to 12 months probation and ordered to pay $336,100 in restitution for her role in a mortgage fraud scheme.
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Vito C. Grippo, 58, Jackson, New Jersey, and Frederick “Freddie” Grippo, 32, Old Bridge, New Jersey, a father and son who ran a mortgage loan fraud scheme that succeeded in obtaining $4.4 million in mortgage loans while masquerading as a foreclosure rescue operation were both sentenced to prison.
Cynthia Hosbrook, 41, currently a licensed real estate agent in Nevada, and Robert Hosbrook, 51, formerly a licensed real estate agent in Nevada, both of Henderson, Nevada, have been charged in U.S. District Court with conspiracy and fraud for making false statements to Wells Fargo Bank in order to get it to approve a short sale on their home.
James Wazlawik, 48, Prescott, Wisconsin, was sentenced by U.S. District Judge Lynn Adelman to one day in jail, to be followed by three years of supervised release, for making a false statement to a bank in connection with a home equity loan.
Emiel A. Kandi, University Place, Washington, a hard money lender, was arrested after being indicted by the grand jury for conspiracy, making false statements on loan applications, and mail fraud.
Earl Gross, 75, Las Vegas, Nevada, the former president and chief executive officer of U.S. Mortgage, a loan servicing company in Nevada, pleaded guilty for his role in a scheme to defraud Wells Fargo Bank of more than $8 million.
Nichols Land Company, North Carolina, a company that nearly cost more than 20 residents their homes, has been barred from selling real estate in installments.
Randy Alan Carpenter, 54, Spruce Pine, North Carolina, pled guilty to charges contained in the indictment, though the contents of the plea agreement remain sealed.
Edward Adams, 69, New York, New York, an attorney, pled guilty in Manhattan federal court to conspiracy to commit wire fraud in connection with his participation in a fraudulent real estate scheme.
Eric Ray Hernandez, 37, and Monica Marie Hernandez, 32, Bakersfield, California, pleaded guilty before Senior United States District Judge Anthony W. Ishii to conspiracy to commit mail fraud, wire fraud, and bank fraud in connection with a mortgage fraud scheme.