Christopher L. Durling, 49, Sandy, Utah, who owned a title and escrow company that operated in Nevada, has pleaded guilty to wire fraud for embezzling almost $4 million from company escrow accounts for his own personal use.
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David Zak, Revere, Massachusetts, has been ordered to pay $233,600 for discriminating against a group of seventeen Latino homeowners by targeting them with predatory and deceptive mortgage modification advertising.
David Fili, Jr., 45, Drexel Hill, Pennsylvania, was charged by information with 10 counts of wire fraud and two counts of bank fraud in a $9.7 million scheme for allegedly representing to numerous lenders that they were purchasing first mortgages, when in fact, they were second mortgages.
Kinard Henson, 43, Ventress, Alabama, was sentenced to 210 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Steven Essig, Syracuse, New York, a licensed appraiser and the owner of an appraisal company in Syracuse, pleaded guilty to a felony charge stemming from making false entries in an appraisal report. The falsified report was used to obtain a mortgage as part of a million dollar mortgage fraud scheme.
Ardonus “Donna” Perkins, 40, Atlanta, Georgia, the former Assistant Vice President of Risk Management of the Credit Union of Georgia, has pleaded guilty to a charge of mail fraud for causing the credit union to disburse over $300,000 in fraudulent loans.
William North, 55, Bryn Mawr, Pennsylvania, the former Chief Credit Officer and Kevyn Rakowski, 61, Lakewood Ranch, Florida, the former Controller of Wilmington Trust were indicted for their respective roles in making false statements to agencies of the United States government. The charges stem from North’s and Rakowski’s involvement in concealing from the market and the Federal Reserve the total quantity of past due loans on the bank’s books during October and November 2009.
Michael Barnett, Robert Lees and Kevin Dicello have been indicted and charged with conspiracy, fraud, and false statement charges in connection with the development of Vineyard Commons, a luxury residential complex in Ulster County, New York.
Stephen Mayer, 51, Miami, Florida, was sentenced by U.S. District Judge Susan C. Bucklew to 11 years and 3 months in federal prison for his role in a real estate flipping and equity skimming conspiracy. The Court also ordered him to pay more than $3.1 million in restitution to the affected lenders, and more than $4 million in forfeiture, which were proceeds traceable to the scheme.
After a 12–day trial, a federal jury found six defendants guilty of all counts of wire fraud in connection with a $5 million mortgage fraud scheme.