Maria Elena Alvarez, Maricopa County, Arizona, is the subject of a consent judgment that prohibits her from providing mortgage or other consumer loan modification services to Arizona consumers.
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The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help consumers save their homes from foreclosure or lower their mortgage payments.
Eloise Blackmon, Gary, Indiana, was sentenced to 10 months in prison for her role in a mortgage fraud scheme. Upon release, Blackmon was also sentenced to supervised release for a period of two years. The scheme involved the purchase and sale of up to 25 properties. The defendant and her co-conspirators submitted false and fraudulent documents to lenders in order to qualify the borrowers for loans.
Andrew Brosnac, 48, Mansfield, Texas, a real estate agent and investment consultant, was sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud in connection with the sale and leaseback agreements in Pennsylvania, New York, West Virginia, North Carolina, South Carolina, Alabama, South Dakota, California, Oregon, and Wyoming.
Donna Shirley Cobb, 53, Aledo, Texas, woman has been sentenced to federal prison for her role in a mortgage fraud scheme involving 28 properties located in the Eastern District of Texas.
Jayesh Dahyabhai Patel, 48, Knoxville, Tennessee, has been indictment and charged with five counts of bank fraud. Patel allegedly provided false income tax returns for himself and his businesses to induce First Community Bank to issue the loan.
Mahafarid Amir Khosravi, aka Amir Mansour Aria, has been put to death after Iran’s Supreme Court upheld his death sentence for bank fraud. The defendant was convicted for his role in a $2.6 billion scam in Iran, allegedly the biggest bank fraud case in Iran since 1979.
Trent K. LeDoux, 40, Holton, Kansas, a former Kansas state legislator, pleaded guilty to defrauding Farmers and Merchants Bank, Colby, Kansas, of more than $465,000, some of which he deposited in his campaign account.
Jose Marinay, 52, Annandale, Virginia, pleaded guilty to conspiracy to commit wire fraud for his involvement in a short sale mortgage fraud conspiracy.
Andrea Lorraine Avery, 47, Los Angeles, California, was sentenced following acceptance of her guilty plea in December 2013. The defendant and others entered into contracts to purchase twenty-four residences then utilized fraudulent loan applications to obtain loans for each of the residences.