David Romo, 42, Folsom, California, a real estate developer, has been indicted by a federal grand jury returned a 12-count indictment with mail fraud, wire fraud, and money laundering, related to a real estate investment scheme that defrauded investors of more than $2.5 million.
According to the indictment, Romo, using his Sacramento, California companies Continue Reading...
Robert Randal Jones, 50, Cornelia, Georgia, was sentenced by United States District Judge William C. O’Kelley to serve 10 years in federal prison for orchestrating a conspiracy to defraud Community Bank & Trust (“CB&T“). Three other co-defendants were also sentenced for their participation in the scheme.
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Steve Bunderson, 64, Salt Lake City, Utah, has been indicted and charged with making false statements to a financial institution and money laundering in connection with a mortgage fraud scheme involving the purchase of a home in Highland, Utah.
According to the indictment, in July 2006, a husband and wife listed a home for sale in Continue Reading...
Charles C. Jamison, 30, Citrus Heights, California, was sentenced by United States District Judge Lawrence K. Karlton to two years and eight months in prison, to be followed by three years of supervised release. Jamison pleaded guilty to bankruptcy fraud charges on February 16, 2011.
According to court documents, Continue Reading...
Fernando Chavez-Guillen, has been sued for an apparent scam being perpetrated against mobile home buyers in Albuquerque, New Mexico, who paid a deposit or made a down payment and then never obtained delivery or received their deposit money back.
Chavez advertises the sale of mobile homes in a local Spanish-language newspaper, El Semanario, and then arranges to meet
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Legislative reforms have been proposed intended to strengthen the hand of prosecutors and law enforcement to combat mortgage fraud.
A bi-partisan package of bills introduced in the Michigan Senate will change Michigan law to better confront the devastating affects of mortgage fraud, including:
• Senate Bill 252, sponsored by Senator James Marleau (R-Rochester), which increases the penalty for violations of the notary act when a document affects interest in real estate
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Paul Redondo, 34, Meridian, Idaho, was sentenced in federal court to three years’ probation, three months of home detention, and 80 hours of community service for misdemeanor theft from a financial institution.
U.S. Magistrate Judge Ronald E. Bush also ordered Redondo to pay $101,459 in restitution. Continue Reading...
Steven Charles Laubly, 62, Clovis, California, was convicted of three counts of failing to file a tax return and one count of tax evasion. The defendant evaded payment of those taxes by, among other things, purchasing property in Hawaii under another person’s name. The guilty verdict was returned by a federal court jury in Fresno, California, after a five-day trial before United States District Judge Lawrence
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Amer Mir, 42, Jersey City, N.J., a former New Jersey loan officer was sentenced to 70 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, N.J.
As previously Continue Reading...
Jeffrey L. Levine, 70, Atlanta, Georgia, was sentenced by United States District Judge J. Owen Forrester to serve 5 years in federal prison on charges of causing materially false entries that overvalued bank assets to be made in the books, reports, and statements of Omni National Bank.
Levine was sentenced to 5 years
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