Carole Nelson, 53, Washington, D.C., was sentenced by U.S. District Judge Roger W. Titus sentenced to 29 months in prison followed by three years of supervised release for money laundering in connection with her participation in a massive mortgage fraud scheme which promised to pay off homeowners’ mortgages on their “Dream Homes,” but left them to fend for themselves.
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Michael Anthony Prieskorn, 37, Ellendale, Minnesota, was sentenced on charges stemming from a mortgage fraud scheme that resulted in losses of at least $18 million for mortgage lenders.
Juan Carlos Rodriguez, 52, Weston, Florida, a real estate agent and mortgage broker, pled guilty before U.S. District Judge Kenneth A. Marra for his participation in a mortgage fraud scheme relating to properties in the Versailles development in Wellington, Florida.
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A Chicago area real estate investor, the president of a Colorado real estate financing company, and a licensed appraiser were indicted for allegedly participating in a scheme to fraudulently attempt to obtain mortgage loans totaling more than $750,000 by selling three residential properties in Chicago to nominee buyers.
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Jared Mitchell Rothenberger, 43, Minneapolis, Minnesota, was indicted and charged with allegedly defrauding mortgage lenders out of millions of dollars in connection with the sale of condominiums at Chateau Ridge, Burnsville, Minnesota.
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Sergio Martinez, 35, Tucson, Arizona, is the subject of an indictment, which was returned by a federal grand jury on March 29, 2012, and now unsealed, which charges the former loan officer with bank fraud, false statement to influence a financial institution, wire fraud, and conspiracy to commit wire fraud.
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Shawn Anthony Swor, 43, Missoula, Montana, pled guilty to investment fraud at during a federal court session in Missoula, on May 1, 2012, before U.S. District Judge Donald W. Molloy.
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Mary Anne Dean, 60, Severna Park, Maryland, was sentenced to 37 months in prison in connection with a mortgage fraud scheme which resulted in over $4.7 million in fraudulent mortgage loans, of which the lenders ultimately lost at least $944,223.91, and which caused the homeowners to lose over $1.2 million in equity in their homes.
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Francis X. Sanchez, 51, Woodstock, Illinois, pleaded guilty in federal court to conducting a $7 million mail fraud scheme for representing to potential investors that his business bought distressed houses, rehabilitated those houses, and sold the houses for a profit.
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Seven defendants, including a man who co-owned a Chicago, Illinois, condominium building, a police officer and two loan officers, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 35 mortgage loans totaling more than $8.8 million from various lenders.
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