Jun Michael Dirain, 41, Antelope, California, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme.
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Klary Arcentales, 45, Lyndhurst, New Jersey, admitted her role in a large-scale mortgage fraud scheme that caused millions of dollars in losses.
Darryl Burke, 50, and Vicki Garland, 50, both of Delray Beach, Florida, were convicted by a federal jury of bank fraud and wire fraud conspiracy, after a two and half week trial before U.S. District Judge James I. Cohn.
Michael Stewart, 66, Phoenix, Arizona, and John Packard, 63, Long Beach, California, the owners of a now-defunct Southern California real estate investment firm were arrested for allegedly perpetrating a Ponzi scheme that ended with the bankruptcy of their company and caused private investors and banks collectively to lose well over $110 million when the scheme collapsed.
Melanie Ferreira, 61, Lagrangeville, New York, was found guilty on all counts of a four-count Indictment that charged her with engaging in a series of frauds, which included cheating the Internal Revenue Service (“IRS”) out of nearly half a million dollars, and perpetrating a bank fraud scheme.
Jared Fanning, 35, Potomac, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 22 months in prison followed by three years of supervised release for wire fraud in connection with a scheme to fraudulently obtain mortgages worth approximately $13 million.
Gari-Mark Thomas, 38, Michigan, formerly of Norwalk, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Thomas P. Smith in Hartford to one count of conspiracy to defraud the Federal Housing Authority through a mortgage fraud scheme.
Denise Bonfilio, 56, Sewickley, Pennsylvania, has been sentenced in federal court to 10 years imprisonment on her conviction of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.
Robert D. Falor, 48, Chicago, Illinois, the former manager of a defunct Chicago-based real estate company that acquired and managed hotels, was sentenced to more than six years in federal prison for evading more than $1.7 million in federal income taxes and siphoning millions of dollars from the Blake’s operations at the expense of a lender, city and state taxing authorities, union employees, and other creditors and vendors to support a lavish lifestyle that included multi-million dollar homes, luxury cars, boats, and planes.
Pasquale Pappalardo, 60, Coral Springs, Florida, was sentenced to 20 years in prison, with three years of supervised release, and was ordered to pay restitution in the amount of $1,061,401 and forfeiture of $3,500,000.