Brandon Bolger, 40, Chicago, Illinois, pleaded guilty to conspiracy to commit wire, mail and bank fraud for failing to disclose to purchasers’ mortgage lenders material facts about the financing of the sale of condominium units.
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John Paul Donico, 65, Erie, Pennsylvania, is the subject of an eight-count indictment for his alleged role in fraudulently obtaining $350,000 from a construction company by promising to obtain financing, which he never obtained.
Justin W. Jeffries, 35, and Scott A. Jeffries, 59, were each sentenced to 5 years probation and restitution in the amount of $206,046.89 for their roles in the mortgage fraud scheme wherein they falsified the source of borrower down payments, among other things.
Richard Hollern, 39, Grand Ledge, Michigan pled guilty before U.S. District Judge Robert Holmes Bell to a conspiracy to commit bank fraud in connection with his ownership in CDC Investments.
Stanley M. Paulic, 41, Aurora, Ohio, and Steven R. Long, 45, Mather, California, were indicted on charges they defrauded approximately 60 people out of more than $6.5 million through a fraudulent Arizona real-estate development investment.
Darryl Burke, 50, and Vicki Garland, 50, both of Delray Beach, Florida, were sentenced by U.S. District Judge James I. Cohn for their roles in a multi-million dollar bank fraud scheme spanning from at least 2002 through 2013, wherein they used fake documents, including false wage and tax documents, and false claims of employment and income, to obtain bank loans for investment properties in low-income neighborhoods.
Kevin Patrick Sluga, 60, and his wife, Leslie Sluga, 57, Bakersfield, California, have been sentenced for their roles in the Crisp & Cole mortgage fraud scheme wherein the defendants and other individuals defrauded lenders by causing materially false and fraudulent statements to be submitted in mortgage loan applications and related documents to obtain loans from lenders for property purchases.
Jarrod Jamiel Williams, 35, McKinney, Texas, Christopher Davis Allen, 42, and his ex-wife, Cheryl Renee Allen, 51, both of Dallas, Texas, Arzonda Murchison, 43, Dallas, and Aaron Robert Martell, Georgia, who were convicted for their roles in a mortgage fraud scheme that caused more than $3 million in losses to lenders, have been sentenced to prison.
Nathan Smith, Patrick Steven, Jason Springer, Rick Makohoniuk, and Jerod Hogan, have each been indicted and charged with bank fraud based on their participation in an alleged fraudulent property flipping scheme in Des Moines, Iowa.
Luis Michael Mendez, 44, and Wilkie Perez, 39, both of Miami, Florida, pleaded guilty to participating in a mortgage fraud scheme involving the sale of condominium units to straw buyers in the Miami area.