Ijeoma Okoh, 32, Newark, New Jersey, a former employee of the Essex County Division of Welfare was sentenced for falsifying employment records in order to qualify for a $357,050 loan to buy a home in Newark, New Jersey. Okoh was sentenced to two years of probation by Superior Court Judge Michael L. Ravin in Essex County.
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Richard Wayne Hope, 53, Denham, Louisiana, formerly of Hagerstown, Maryland, pleaded guilty to conspiracy to commit bank fraud in connection with a $1.75 million loan he obtained on behalf of a company.
According to his plea agreement, Richard Hope and his brother, Otis Hope, the senior pastor for Continue Reading...
Dema Daiga, 29, College Park, Maryland, was sentenced by U.S. District Judge Marvin C. Garbislate to 65 months in prison followed by 3 years of supervised release for defrauding a mortgage lending company in connection with six Baltimore, Maryland, properties. Daiga‘s sentence also included two counts of aggravated identity
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Morris Olmer, 82, New Haven, Connecticut, was found guilty of one count of conspiracy to defraud the United States, eight counts of wire fraud and four counts of making false statements.
Rab Nawaz, 47, Waterford, Connecticut, was found guilty of one count of conspiracy to defraud the United States, eight counts of wire fraud, and one count of obstruction of justice.
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A loan officer and five straw buyers/investors were charged in federal court via a criminal information for their roles in a mortgage fraud scheme involving 26 properties throughout the Cleveland, Ohio, area and more than $7.5 million in mortgage loans:
Jeffrey S. Brown, Jr., 30, Cleveland, Ohio, a loan officer;
Rolante
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Six men were indicted by a grand jury on 10 counts involving charges that they stole more than $2.6 million from lenders by filing fraudulent mortgage loan applications. Those charged in the indictment are:
Jonathan P. Domash, 40, Marlboro, New Jersey;
Diversified Assets, Inc., owned and operated
William S. Poff, 37, Marshall, Michigan, a former resident of Washington State, was sentenced in U.S. District Court in Seattle, Washington, to 135 months in prison, five years of supervised release and $4,258,529 in restitution for 30 felony counts of conspiracy, bank fraud and money laundering offenses. Poff was tried and convicted of the charges in March 2010.
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Gabriel Richard Viramontes, 48, Elk Grove, California, was convicted of six counts of bank fraud and seven counts of mail fraud. The guilty verdict was returned by a federal court jury in Sacramento after a seven-day trial before United States District Judge Edward J. Garcia. The jury deliberated just over an hour.
According to testimony presented at trial, Viramontes
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Christopher Allen Taylor, 38, Riverside, California, a loan officer, is charged with eight felony counts of grand theft and faces a maximum sentence of 18 years in state prison if convicted. He is out of custody on $100,000 bail.
Richard Cadieu, 73, Laguna Woods, California, a real estate agent, is charged with one felony count of grand theft and faces a maximum sentence
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The Financial Crimes Enforcement Network (FinCEN) in its new report, Mortgage Loan Fraud SAR Filings In Fourth Quarter and Calendar Year 2010, released full year data showing the number of suspicious activity reports involving mortgage loan fraud (MLF SARs) increased 4 percent in 2010 to 70,472 compared with 67,507 MLF SARs filed in 2009. The report also shows that the growth rate of MLF SARs began to slow over the last two
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