Fraudsters Sentenced for Mortgage Scam

Allison Tussey —  August 17, 2011 — Leave a comment

Joseph Lawrence Yorkus, 50, and James Robert Bartczak, 49, both of Las Vegas, Nevada, were sentenced in connection with a mortgage scam involving Nevada homeowners.

Judge Donald Mosely sentenced Yorkus to 48 months in the Nevada State Prison and ordered him to pay restitution to the victims in the amount of $346,155.15 for schemes relating to mortgage fraud, mortgage rescue fraud, credit repair and collection enterprises. Yorkus was recently sentenced to a maximum of 102 months with a minimum of 24 months in Nevada State Prison in a separate case involving mortgage fraud schemes. Yorkus‘ sentences will run consecutively.

Bartczak was sentenced to three years probation for his role in the same schemes and was ordered to pay restitution to the victims in the amount $37,021.23. Neither man is allowed to operate a loan modification company or related business for the period of their probation.

Yorkus created several businesses including Great Western Business Services, Sundance Consulting, BAC Collections, Learn Your Rights and Fresh Start Consulting and used them to obtain money from unsuspecting homeowners who were in jeopardy of losing their residences.

Yorkus pled guilty to one count of Theft for his part in misrepresenting to the victims that he would assist in modifying their mortgages in exchange for payments and, in some instances, directing victims to make their mortgage payments directly to him rather than their lender. Yorkus did not provide the victims loan modification services and did not remit the victims mortgage payments to the lender. Bartzack assisted Yorkus in operating this fraud by acting as an interface with the victims. Bartzack pled guilty to Attempted Theft.

The Nevada Attorney General’s Office announced the sentencing.

“Many of the victims that sought help in modifying their loans were already in difficult circumstances, which were made worse by Mr. Yorkus and Mr. Bartzack.” said Attorney General Catherine Cortez Masto. “These individuals took advantage of struggling homeowners and placed them in peril of losing their homes.”

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Allison Tussey

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