Joel Wilson, 31, Saginaw, Michigan, has been successfully extradited after fleeing justice for more than a year in Europe. Wilson faces nine felony charges dealing with three specific Michigan investors. Wilson allegedly told investors that he would use their funds to purchase distressed properties, refurbish them, and then sell for a profit.
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Manjeet Bawa, 46, Dix Hills, New York, Joseph Ferrara, 70, Long Beach, New York, Eric Finger, 48, Miami, Florida, Joseph Mirando, 54, Centereach, New York, John Petition, 68, Garden City, New York, and Aaron Wider, 50, Copiague, New York, have been charged with carrying out a $30 million bank fraud conspiracy by fraudulently inflating the prices of homes for sale and then obtaining mortgages that far exceeded the true collateral value of properties.
Jose Manuel Goyos, Jr., 27, Jupiter, Florida, was sentenced to 96 months in federal prison for his role in a fraudulent scam promising timeshare owners that in exchange for an advance fee that typically exceeded $1,000, he would handle all the details of the sale and send the victims the proceeds after closing.
Terrence Matthew Brown, also known as Terry Brown, 48, Round Rock, Texas, formerly of Wichita, Kansas, was convicted in federal court of his role in a $2.7 million mortgage fraud scheme wherein he lied to lenders about his income, his employment, his assets and liabilities, and his intent to occupy the properties.
Matthew Stoen, 35, Wayzata, Minnesota, and formerly of St. Charles and Chicago, Illinois, was indicted on federal charges alleging that he fraudulently obtained more than $10 million from more than 50 investors and lenders.
Sharon Anderson, 51, Oakland, Tennessee, an attorney, was sentenced to 20 months in federal prison after soliciting clients to make what they believed were four separate short-term hard money loans for investors purchasing properties and awaiting conventional financing from banks.
Marcus Payne, 44, Memphis, Tennessee, and Booker Smith, 30, Memphis, Tennessee, were indicted by a federal grand jury on April 16, 2014 on seven counts related to a mortgage fraud and identity theft scheme where allegedly they applied for mortgage loans to purchase residential properties using personal identifying information, including Social Security numbers, of others.
Kenneth Sandoval, 36, Dearborn, Michigan, owner of Nationwide Consulting, was sentenced to up to 20 years in prison after being convicted of one count of Conducting a Criminal Enterprise, a felony punishable by 20 years in prison, and two counts of Larceny by Conversion, $20,000 or more, a felony punishable by up to 10 years in prison. Sandoval defrauded approximately 84 victims out of $914,151.
Gary Alan Rickenbach, 56, Little Rock, Arkansas, has been indicted and charged with one count of conspiracy to commit bank fraud, misapplication of bank monies, making false entries to deceive the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, obstructing an OCC examination and money laundering.
Christian Sanchez, 47, Rogers, Arkansas, was sentenced to 18 months in federal prison, three years of supervised release, and a $2500 fine for making False Statements to a Financial Institution relating to a mortgage loan application.