Nationwide Consulting, LLC, and its operators, Kenneth Sandoval and Zacharia Ortiz, who were convicted for their roles in a loan modification scheme, will be repaying their victims out of restitution obtained in the criminal case.
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Chad E. Foster, Theodore, Alabama, a real estate investor, pleaded guilty to his role in a conspiracy to commit mail fraud related to public real estate foreclosure auctions held in southern Alabama.
Thomas Ragonese, 55, Trumbull, Connecticut, was sentenced by U.S. District Judge Robert N. Chatigny to three years of probation, the first six months of which Ragonese must spend in home confinement on electronic monitoring, for participating in a scheme to defraud a Bridgeport, Connecticut, residential property owner. He was also ordered to perform 60 hours of community service.
Eric Sijohn Brown, 46, Philadelphia, Pennsylvania, Kevin Joseph Franklin, 51, Albany, Georgia, and Roderick L. Foxworth, Sr., 57, Philadelphia, defendants in a mortgage fraud conspiracy involving KREW Settlement Services were sentenced by U.S. District Court Judge Berle M. Schiller for their roles in the multi-million dollar scheme involving more than 100 fraudulent mortgage loans. Continue Reading…
Alex Soria, 68, Las Vegas. Nevada, and Sonia Rodis, 54, Las Vegas, each pled guilty to one count of pattern of mortgage lending fraud, a category “B” felony, in connection with a mortgage fraud scam that operated under the name BioGreen Teck, LLC.
Donald V. Totten, 58 Oakland, California, who had previously operated a lucrative mortgage business from his Rancho Santa Fe home, was sentenced to 30 months in prison by U.S. District Judge Michael M. Anello for orchestrating a host of mortgage fraud schemes.
Mohammed Rafikian, aka Mo Kian, 54, Queens, New York, has been re-sentenced to a term of 16 to 50 years in prison after being tried again and re-convicted of holding himself out as an attorney and a registered investment advisor and then stealing $5 million from seven individuals through fraudulent real estate and capital investment transactions.
Brandon Lynn Barber, 38, New York, New York, was sentenced to 65 months in prison and three years of supervised release for conspiracy to commit bankruptcy fraud, conspiracy to commit bank fraud, and money laundering for his role in providing false and fraudulent financial information and statements to Lenders in connection with loans to finance real property developments.
Vincent Singh, 45, formerly of Elk Grove, California, was sentenced by United States District Judge Morrison C. England Jr. to 15.5 years in prison for wire fraud and false statements in bankruptcy for stealing funds intended for hard money lending.
Intermundo Media, LLC, using the name Delta Prime Refinance, an Internet-based operation that finds potential borrowers for mortgage refinancing lenders, will pay a $500,000 civil penalty to settle charges that it deceived borrowers with false claims that they could refinance their mortgages for free.