James Cockinos, 58, Englewood Cliffs, N.J., a former mortgage broker and bank officer, has been sentenced to one year and a day in prison for defrauding Washington Mutual Bank (later acquired by JPMorgan Chase) in New York, for the purpose of securing a $1.48 million residential loan.
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Horacio Lomeli, a 12-year veteran Department of Public Safety Officer, and his wife, Carmen Lomeli, have been convicted by a jury on charges of conspiracy, money laundering, and theft related to Mrs. Lomeli’s embezzlement of over $175,000 from her employer Sierra Seed, LLP, based in Nogales, Arizona. Mrs. Lomeli also was convicted of mortgage fraud.
Andrew Michael Phalen, 26, Mission Viejo, California, Jacob John Cunningham, 26, and John D. Silva, 28, both from Irvine, California, Justin Dennis Koelle, 23, Costa Mesa, California, and Dominic Adam Nolan, 32, Irvine, were sentenced for defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with the CitiFinancial or CitiMortgage logos offering home loan modification assistance. Victim losses are estimated to be in excess of $130,000.
Teresa Giudice, 41, and her husband, Giuseppe “Joe” Giudice, 43, both of Towaco, N.J., two stars of the Bravo television show “The Real Housewives of New Jersey” were charged in a conspiracy to defraud lenders and illegally obtain mortgages and other loans as well as allegedly hiding assets and income during a bankruptcy case,
James Scalzo, 46, Kenosha, Wisconsin, was sentenced by Judge Lynn Adelman to 35 months in prison for his role in a bank fraud and money laundering scheme.
Michael Pinkney, 43, Cordova, Tennessee, and Alan R. Price, 50, Olive Branch, Missouri, were each sentenced to 33 months in prison and ordered to pay $1,283,728.53 in restitution for their roles in a foreclosed real estate flipping scheme.
George Anderson, 55, Copperopolis, California, a man who orchestrated a double escrow mortgage fraud scheme involving eight houses in the Las Vegas, Nevada area, has been sentenced to 5½ years in federal prison, three years of supervised release, and ordered to pay over $3.5 million in restitution.
Tyree Davis Sr., Flossmoor, Illinois, was arrested on an eight-count indictment charging him with obstruction of justice and filing fraudulent multi-billion-dollar liens against government employees. The indictment was returned on July 24, 2013, by a federal grand jury in Chicago.
Michael E. Kraus, 63, Medford, Wisconsin, has been indicted by a federal grand jury sitting in Madison, Wisconsin, and charged with making false statements to financial institutions concerning the extent of his liabilities.
Adorean Boleancu, 47, Napa, California, has been indicted and charged with 27 counts of bank fraud, wire fraud, money laundering, and aggravated identity theft. The indictment alleges that Boleancu executed a fraud scheme by forging more than $1.8 million in checks written on accounts of an elderly, widowed client for his personal benefit.