Michael Abobor, 38, Bowie, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 51 months in prison, followed by five years of supervised release, for wire fraud in connection with a mortgage fraud scheme involving intended losses of at least $2 million.
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Robert Michael, 62, Chicago, Illinois, an owner of Chicago realty business who formerly was also the chief executive of a failed Chicago bank was arrested on federal bank fraud charges involving an alleged scheme to illegally provide a $650,000 mortgage for the purchase of a south side apartment building. Erroll Davis, 52, Chicago, a police lieutenant who allegedly played a role in the scheme was charged in the same indictment with federal income tax fraud.
Linda Yarleque, 44, and her husband, Fabio Moreno Vargas, 46, Westwood, New Jersey, were both convicted of one count each of bank fraud and conspiracy to commit wire fraud.
Teresa Giudice, 41, and her husband, Giuseppe “Joe” Giudice, 43, both of Towaco, New Jersey, two of the stars of the Bravo television show “The Real Housewives of New Jersey” were indicted on additional charges of bank fraud and loan application fraud.
Local Records Office, Bellflower, California, a company that allegedly preys on unsuspecting new property owners, is the subject of a Consumer Protection Act lawsuit.
Michael Angelo Munoz, 34, Bakersfield, California, pleaded guilty today to two counts of mail fraud relating to his involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007. On November 12, 2013, co-defendant Jayson Peter Costa, 40, also of Bakersfield, pleaded guilty to conspiracy to commit mail fraud, wire fraud, and bank fraud relating to the same mortgage fraud scheme.
Juan Velez, 60, Waterford, Connecticut, was sentenced by U.S. District Judge Robert N. Chatigny to 12 months and one day of imprisonment, followed by five years of supervised release, for his role in a mortgage fraud scheme.
Hussein “Sam” Nazzal, 60, Dearborn, Michigan, the owner of a real estate company was sentenced to 110 months in prison, and Edward A. Schneider, 60, Dearborn, Michigan, a former attorney, was sentenced to 48 months in prison following their convictions for bank fraud and commercial bribery.
Ging—Hwang “Felicia” Tsoa, 59, Broadlands, Virginia, was convicted by a federal jury of conspiracy to commit bank fraud and two counts of bank fraud in connection with her role in a large-scale mortgage fraud scheme.
Diane Cobb, 56, and Paul Sloane Davis, 74, have been charged with fifteen counts of conspiracy, mail fraud, and wire fraud, and Diane Cobb has also been charged with five counts of aggravated identity theft.