Satish Suri, 57, Philadelphia, Pennsylvania, was arrested on an indictment charging him with bank fraud, false statements on loans, and false statements to the Department of Housing and Urban Development (“HUD”) on a HUD-insured loan.
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Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan, New York, federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11 have pled guilty.
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Josephine Santana, 57, a mortgage broker, of Miami-Dade County, Jose Rafael Martinez, 36, of Miami-Dade County, and Basilio Gomez, 52, of Miami-Dade County, pled guilty to charges of conspiracy to commit mail fraud in connection with a multi-million dollar mortgage fraud scheme at the luxury Jade apartment complex
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Linda Irene Rovetto, 69, Lake County, Florida, was sentenced in federal court for her participation in a bank fraud conspiracy scheme. Rovetto had previously pled guilty to converting and misdirecting more than $3.5 million of real estate escrow funds
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Chad Arthur Anderson, 38, and Troy Allen Huston, 42, both of Chisago City, Minnesota, two mortgage loan officers, pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
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Danli Liu, Fremont, California, a Northern California real estate investor, has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Nine of ten individuals from New Jersey were arrested by in connection with their alleged roles in a $40 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos at the Jersey Shore and resort destinations in South Carolina and Georgia, N.J.
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Thomas Bannon, 80, New York, New York; Robert Bardey, 79, New York, New York; and Theodore Sweeten, 59, Ashland, Oregon, have been indicted in $5 milliion bank fraud scheme.
Garret Griffith Gililland, III, 31, formerly of Chico and Paradise, California, was sentenced to seven years and 10 months in prison and a three-year term of supervised release. Shane Burreson, 39, Orland, California, was sentenced to 23 months in prison and a three-year term of supervised release. Both pleaded guilty to mail fraud and money laundering stemming from their involvement in Nor-Cal Innovative Investments, Chico, California.
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Michael S. Hurd, 37, Salt Lake City, Utah, was sentenced to two years and three months in federal prison on charges connected to a multi-million-dollar mortgage fraud scheme involving properties at a Hurricane, Utah, subdivision.
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