Nichols Land Company, North Carolina, a company that nearly cost more than 20 residents their homes, has been barred from selling real estate in installments.
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Reggie Walton, 29, and four other defendants who allegedly participated in a scheme to abuse the Indianapolis Land Bank program for their own benefit have been arrested.
Mark S. Farhood, 49, formerly of San Diego, California, and Jason S. Sant, 37, Lecanto, Florida, pleaded guilty to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company.
Kenneth H. DiPasquale, 38, Morgantown, West Virginia, was sentenced today to 42 months in prison, followed by three years of supervised release, for his role in a series of fraudulent mortgage loan transactions, including one in which he stole an individual’s identity and “sold” that individual his home for a nearly $320,000 profit.
Valeri Kalyuzhnyy, 41, Orangevale,California, was indicted by a grand jury and charged with making false statements on a loan and credit application and money laundering.
N.M.M.S.R. Incorporated, doing business as Making Home Affordable USA, and its owner Jason Keating, Maumee, Ohio, are the subjects of a civil lawsuit charging them with multiple violations of Ohio’s consumer laws.
Brandon Barber, 37, New York, and his four co-defendants, appeared in United States District Court for arraignment on various charges of bank fraud, bankruptcy fraud, wire fraud, and money laundering stemming from schemes to defraud involving several Northwest Arkansas real estate transactions and Barber’s bankruptcy case.
Quelyory A. Rigal, a/k/a Kelly, Homestead, Florida, was convicted after a jury trial before U.S. District Judge William J. Zloch in Fort Lauderdale, FL. Sentencing is scheduled for July 18, 2013 at 10:30 a.m.
David C. Christian, 63, Catonsville, Maryland, a real estate appraiser, was sentenced by U.S. District Judge James K. Bredar to 15 months in prison, followed by three years of supervised release, for conspiracy to commit wire fraud. Judge Bredar also ordered Christian to pay restitution of $2,440,804.
Adam Teague, 39, Ellijay, Georgia, former bank vice president, was sentenced to serve over five years in federal prison for conspiring to defraud Appalachian Community Bank