Harold Rosen, 81, Clayton, Illinois, a real estate developer, was sentenced in US District Court to four years in federal prison on April 20, 2012, for his role in attempting to obtain more than $1.9 million dollars of public financing for a development project under false pretenses.
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Scott Dority, 54, San Marino, California, has been sentenced to 121 months in federal prison for defrauding banks and other lenders by using straw borrowers and bogus documents to obtain millions of dollars in loans for houses and high-end vehicles that included Ferraris and Lamborghinis.
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Jacquelyn Drago-Hunter, 61, Merrillville, Indiana, a defendant in the case US v Haymon et al., was sentenced by Judge Rudy Lozano to 15 months imprisonment and 1 year of supervised release after pleading guilty to the felony offense of wire fraud in a mortgage fraud scheme.
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Keith B. Kovick, 61, Williston, North Dakota, pled guilty to mail fraud, wire fraud, and money laundering on April 25, 2012, before U.S. District Judge Donald W. Molloy.
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James P. Vasiliou, Jr., 46, Getzville, New York, pleaded guilty to bank fraud for his role in a mortgage scam. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
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Patricia Ann King, 57, Bakersfield, California, was sentenced by Chief United States District Judge Anthony W. Ishii to three years and one month in prison for her role in a mortgage fraud scheme and for aiding and assisting the preparation of false tax documents in connection with her tax preparation business.
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Six people””including women from Orange County and Tennessee””have been charged by Federal Prosecutors in relation to a multi-million-dollar real estate flipping scheme in which investors were promised titles to homes that could be easily resold but in fact did not have “clean” titles, were uninhabitable, or were simply worthless.
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Sushama Devi Lohia, 74, Newport Beach, California, a mother convicted of conspiring with her two daughters and son-in-law to commit over $16 million in real estate fraud by forging documents and purchasing homes using straw buyers, was sentenced to eight years in state prison.
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Lawrence B. Stacy, Mobile, Alabama, a real estate investor, has agreed to plead guilty and to serve prison time for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama.
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Jorge Abbud, 33, Dover, New Jersey, a former employee of a Parsippany, New Jersey mortgage lender who admitted taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme, was sentenced to 21 months in prison.
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