Richard Allison, 38, Camp Springs, Maryland, an attorney and employee of the U.S. Census Bureau, was sentenced by U.S. District Judge Roger W. Titus to 18 months in prison followed by five years of supervised release for conspiracy to commit mail and wire fraud, in connection with a mortgage fraud scheme which falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. Judge Titus also
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Charles E. Townsend, 39, Columbus, Ohio, pleaded guilty in United States District Court here to one count of money laundering in connection with his involvement in a mortgage fraud scheme that exaggerated property values to out of state investors in order to secure funding for the purchase of properties in primarily low income neighborhoods in Columbus, Ohio. Townsend
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Henry “Uche” Obilo, 30, Miami, Florida, was sentenced to 88 months in prison, followed by three years of supervised release, for his role as a leader in a home equity line of credit fraud scheme that has been linked to more than $36 million in attempted fraud and almost $11 million in actual losses. To date, investigators have identified more than 180 victims. Obilo was ordered to
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Michael K. Lewis, 57, Takoma Park, Maryland, was sentenced by U.S. District Judge Deborah K. Chasanow to 78 months in prison, followed by three years of supervised release, for conspiracy and bankruptcy fraud arising from a scheme in which he and his conspirators offered to help financially vulnerable individuals save their homes from foreclosure, and instead defrauded homeowners and mortgage lenders. Continue Reading...
Dustin Ray Sherwood, 37, Trimble, Missouri, who had a large farming operation in Buchanan and Clinton counties, has been sentenced in federal court for making false statements to obtain loans and for selling some of the crops that were supposed to secure loans. Sherwood was sentenced by U.S. District Judge Ortrie D. Smith on Wednesday, Sept. 9, 2009. The court ordered Continue Reading...
Rene Alvarez, 39, San Jose, California, was arrested by investigators with the Santa Clara County District Attorney’s Office on charges that he defrauded hundreds of homeowners, whose homes were in foreclosure, in a wide-ranging loan modification scam. There is an outstanding arrest warrant on the same charges for his cohort, 34-year old Mariano Ortega,
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A Jensen Beach pastor and his wife who were sentenced Tuesday for their roles in a multimillion-dollar mortgage fraud scheme face additional charges for allegedly continuing to engage in criminal activity while behind bars.
Michael A. Meisner, 52, Boca Raton, Florida, pled guilty before the Honorable U.S. Magistrate Judge James M. Hopkins to a three-count Information filed on September 2, 2009, which charged mail fraud, in violation of 18 U.S.C.§ 1341, loan application fraud, in violation of 18 U.S.C. § 1014, and tax evasion, in violation of 26 U.S.C. § 7201. Bond was set at a $500,000 corporate surety bond, and a $500,000 personal surety
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Canty and others conspirators perpetrated this scheme by identifying distressed homeowners whose properties in Washington, D.C., and Maryland were facing imminent foreclosure and offering to purchase their properties.
Authorities say real estate agents and mortgage brokers used straw buyers with good credit ratings and low income to fraudulently obtain loans. Properties were sold and resold within the alleged ring.