Archives For Rachel Dollar
A 30-year-old Costa Mesa woman pleaded guilty Wednesday to federal charges stemming from a foreclosure rescue fraud scheme that targeted homeowners with bogus promises of mortgage relief.
Najia Jalan entered her plea in Los Angeles federal court to charges of mail fraud and aggravated identity theft.
A sniveling swindler pleaded guilty Wednesday to participating in an $11 million mortgage fraud scheme in Brooklyn and going on the lam for four years before he was captured in Canada.
John Star, a Nigerian-born and Yiddish-speaking real estate broker, blubbered throughout the proceeding and at one point his lawyer requested a recess so he could compose himself.
Vince Manglardi, 59, real estate developer, Long Grove, Illinois; Theodore “TJ” Wojtas, Jr., 43, real estate developer, Glenview, Illinois; David W. Belconis, 56, attorney who owned and operated Classic Title, Inc., Long Grove, Illinois; Nunzio L. Greico, 63, Palatine, Illinois, who was formerly an employee of the developers; Walter Vali, also known as “Wally Mohammad” and “Mohammad Valimohammad,” 62, former mortgage loan originator, who did business as Sunshine Funding, Inc., Mundelein, Illinois; and Karin L. Ganswer, 62, former licensed real estate salesperson, Palatine, Illinois were indicted by an federal grand jury and charged with mail and wire fraud in connection with the marketing and sale of condominiums at a 50-acre development in Palatine, Illinois known as “The Woods at Countryside.” They are alleged to have participated in a mortgage fraud scheme which caused more than $16 million in losses to banks, mortgage lenders, Fannie Mae, and Freddie Mac. Continue Reading…
Diana Yates, former Chief Financial Officer of the Bank of Oswego (Oregon), Sherwood, Oregon and Dan Heine, former Chief Executive Officer of the Bank of Oswego, Naples, Florida, were indicted by a grand jury and charged with one count of conspiring to defraud The Bank of Oswego and 26 counts of false entries in bank records. Both were arrested on Friday, June 26, 2015 and Yates made her appearance in Portland, Oregon before the Honorable John Acosta. Heine was arraigned in the Middle District of Florida and will make an appearance in the District of Oregon on a later date. Continue Reading…
When Alexander Solomon was assigned to prosecute Edul Ahmad, a Brooklyn real estate agent indicted in a $50 million mortgage fraud scheme in August 2011, he likely had little idea of the shockwaves that would result.
Aside from forging the credentials of would-be homebuyers, Ahmad had doled out $188,500 to State Senator John Sampson which, according to prosecutors, Sampson used to cover up years of embezzlement in exchange for granting political favors to Ahmad.
A Sonoma County man accused of bilking dozens of distressed homeowners out of tens of thousands of dollars faces 19 new criminal counts.
Miguel Angel Lopez now faces a total of 64 criminal counts, not including dozens of enhancement charges, which would add to his prison sentence if convicted. Many of his victims Monday saw the suspect for the first time since his arrest five weeks ago and emotions ran high.
A former California real estate developer who bilked millions of dollars from investors had every intention of finishing development projects that went belly-up during the 2007 housing collapse, his attorney argued in court on Monday.
But three of the investors said the developer, Kelly Gearhart, knew they would never see their money again and has ruined their lives.
Ricky Lamont Flemings, 31, Antelope, California was sentenced to two years in prison for two counts of mail fraud in connection with a long-running scheme to deceive Experian and the other credit reporting agencies by exploiting provisions in the Fair Credit Reporting Act (FCRA), a statute intended to provide consumer protections to individuals. According to court documents, from 2005 until November 12, 2009, Flemings engaged Experian on multiple occasions and falsely reported that he was the victim of identity theft. During that period, Flemings demanded that Experian remove derogatory and other entries from his credit report. However, as he well knew, many of those entries were proper and were the result of his having sought credit or purchased items on credit. Continue Reading…