Hamlet Sardariani, 42, Sylmar, California, has pleaded guilty to federal conspiracy and tax evasion charges, admitting that he plotted with others to fraudulently obtain four loans for more than $5 million by pledging houses that they did not own as collateral, falsely claiming that the houses had enough equity to secure the loans, forging documents, and falsifying notary stamps.
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Tarl Brandon, 46, Las Vegas, Nevada, who recruited straw buyers and used fictitious identities to purchase more than 20 houses in the Las Vegas area in order to obtain millions of dollars of cash from the loan proceeds, was convicted by a jury of conspiracy and fraud charges.
Jason Sheppard, 31, Pittsburgh, Pennsylvania, president of TruClose Financial Services, has been sentenced to 55 months in prison for failing to pay off prior mortgages at closing.
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Dennis O. Edwards, 49, Silver Spring, Maryland, pleaded guilty to conspiracy to commit bank fraud in connection with a scheme in which he submitted fraudulent loan applications to obtain over $2.241 million to purchase or refinance homes. During the scheme, Edwards was unemployed and received Social Security disability payments of approximately $1,000 a month.
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Louise Lampo-Diglio, 43, East Haven, Connecticut, was sentenced by Senior United States District Judge Alfred V. Covello in Hartford to 33 months of imprisonment, followed by two years of supervised release, for her role in a mortgage fraud scheme.
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Francisco Rodriguez, 41, Chicago, Illinois, was charged in an indictment with two counts of wire fraud for his role in defrauding mortgage lenders. The indictment was returned on June 6, 2012 and unsealed on June 11, 2012.
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Manuel Garcia, 70, Los Angeles, California, was sentenced in Santa Fe, New Mexico district court, to a 13-month prison sentence, to be followed five years of supervised release, for his bank fraud conviction.
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Home Credit Law Center is again at the center of a warning to homeowners looking to save their homes by engaging loan modification companies rather than using state or government agency hotlines, which provide the service for free.
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Renee Manning, 39 was arrested for her alleged role in a real estate scam that spanned at least three Florida counties over the past two years and swindled four Floridians out of $700,000. Manning was charged with one count of organized scheme to defraud.
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Osvaldo A. Mercado, 54, Gainesville, Virginia, was sentenced to 24 months in prison, followed by three years of supervised release, for engaging in a mortgage fraud scheme that defrauded Virginia banks of nearly $2.4 million in fraudulent loans.
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