Tuesday, December 02, 2008
Leader of Multimillion-Dollar NY Fraud Ring Pleads Guilty
Tahir Ali Khan pleaded guilty on November 25, 2008, to a four-count superseding Information charging him with conspiracy to commit bank, wire and credit card fraud, and aggravated identity theft. Ali Khan was the lead defendant in a 15 defendant, multi-count Indictment unsealed on August 15, 2007, and is the tenth defendant to plead guilty. According to the Indictment, the Superseding Information, other documents filed in the case, and statements made in court in connection with Ali Khan’s guilty plea:
Ali Khan was the leader of a fraud ring (the “Khan Ring") that produced false identification documents purporting to have been issued by state and federal government authorities, including driver’s icenses, resident alien cards, social security cards, and tax identification documents. The false identification documents were produced in the names of fraudulent identities, to which members of the Khan Ring referred to among themselves as “chickens.” In order to build financial credit for these fake identities, the Khan ring fraudulently established bank accounts, credit card accounts, apartment leases, and telephone and utility accounts in the names of the “chickens.” The Khan Ring also applied for and obtained lucrative bank loans, home mortgage loans, increased credit card limits, lines of credit, and other financial benefits in the names of the fraudulent identities or in the names of sham businesses supposedly operated by those fraudulent identities. The Khan Ring then defaulted on the loans and credit card debt, causing millions in losses to numerous financial institutions, including the Bank of America. Current loss estimates from the Khan Ring’s fraudulent activities exceed $20 million.
Ali Khan is scheduled to be sentenced on February 10, 2009, at 4:30 p.m., before United States District Judge Lorretta A. Preska. Ali Khan faces a statutory maximum sentence of 14 years in prison, a maximum fine of $250,000 or twice the gain or loss from the offense, and mandatory restitution to the victims of the offense. Ali Khan, 32, has been held in custody since his arrest on August 15, 2007.
In addition to Ali Khan, nine other defendants have pleaded guilty:
Oscar Sanchez pleaded guilty on November 13, 2008 to one count of bank fraud, and is scheduled to be sentenced on February 10, 2009 at 4:00 p.m.
Naveed Ali Bhindar pleaded guilty on June 6, 2008 to one count of money laundering, and is scheduled to be sentenced on December 22, 2008, 10:30 a.m.
Franklin Rodriguez pleaded guilty on July 1, 2008, to three counts of conspiracy – to commit identification document fraud, bank fraud, and to transport and sell stolen vehicles – and is scheduled to be sentenced on February 11, 2009 at 4:00 p.m.
Nadeem Khan pleaded guilty on July 31, 2008, to one count of conspiracy to commit identification document fraud, and was sentenced on November 24, 2008 to 46 months in prison.
Muhammad Ishaq pleaded guilty on September 26, 2008 to three counts of conspiracy – to commit identification document fraud, access device fraud, and bank fraud – and is scheduled to be sentenced on March 26, 2009, at 4:00 p.m.
Basharat Jarral pleaded guilty on September 29, 2008, to one count of storage and sale of stolen vehicles, and is scheduled to be sentenced on January 6, 2009, at 4:00 p.m.
Qaiser Qureshi pleaded guilty on October 27, 2008, to one count of conspiracy to commit identification document fraud, and is scheduled to be sentenced on February 11, 2009, at 4:30 p.m.
Shaheen Mukhtar pleaded guilty on November 5, 2008, to one count of conspiracy to commit identification document fraud, and one count of wire fraud, and is scheduled to be sentenced on February 11, 2009 at 3:00 p.m.
Fayyaz Ahmed pleaded guilty on November 12, 2008, to one count of access device fraud, and is scheduled to be sentenced on February 17, 2009, at 10;00 a.m.
All of the defendants awaiting sentencing are scheduled to be sentenced by Judge Preska.
Criminal charges remain pending against the following defendants: Arie Benshimon, Syed Hassan, Ghulam Mehmood, and Mohammad Sharif. One defendant, Syed Shah, remains a fugitive. As to these five defendants, the charges contained in the Indictment are merely accusations and the defendants are presumed innocent unless and until proven guilty.
mortgage fraud
Anybody know if these perps were or were not legally present in the U.S.?
Posted by on 12/06 at 04:55 PM
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Some Sources require Registration.
Mortgage Scam Ends with Prison
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Juan Carlos Alcala of Windsor pleaded no contest to nineteen felony counts and admitted three special allegations for defrauding real estate investors, money laundering and elder fraud.
Bedford Woman Sentenced to a Year in Prison for Mortgage Fraud
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Sharon Cox, 49, of Bedford, was sentenced today to a year in prison for mortgage fraud involving money laundering, theft and receiving stolen property from August 2008 through March.
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According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
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Trial coverage provided by Anne Mitchell, Crazy Fish Realty.
F. Jeffrey Miller Update - October 20, 2009
A hearing was held in Topeka, Kansas in front of Judge Julie Robinson. Miller is currently being held pending his sentencing which is set for December 22nd, 2009 at 9:00 a.m.. Steve Vanatta and Hallie Irvin, Miller's codefendants, will be sentenced at that time also.
Several motions were heard this week. One was a motion for Miller to be released pending his sentencing. Miller's attorney, Jeff Morris, argued that the court had dismmissed with predjudice the matter involving Miller's purchase of a commercial lawnmower, violating the court ordered monitoring agreement. He also argued that Miller was not a flight risk and should be released. This motion was denied.
Another motion heard by Judge Robinson was that of an escrow account containing proceeds from the sale of Miller's forfeited assets. This account has a balance of $143,000. Attorney Morris argued that his firm was due $100,000 for work done in the Miller matter, to date. The government argued that his 'un-itemized fees' were 'exhorbitant'. The balance of the funds, Morris argued, should be released to the Miller family to help pay for mounting household expenses.
The government argued that the 'Asset Forfeiture Provision' applies down to 'the last penny' and that 'the rights of the victims to made whole are of paramount immportance' and that no routine household expenses like Visa bills, are allowed.
Attorney Morris argues that there is more than enough assets to satisfy the jury's judgement of $2.65 million dollars. The government argues that the estimated value of his assets are only $1.4 million.
The government also stated that Miller has been paid dividends from a company Miller has an ownership interest in; Boreflex. From July, 2008 to present, Miller has been paid $330,509.30 from Boreflex, unbeknownst to the court appointed monitor.
Present in the courtroom was Todd Earnshaw. Earnshaw was indicted along with Miller and others in what is commonly referred to as 'Miller I'. That trial is scheduled to begin on January 11, 2010 in Topeka, Kansas.
More Trial Coverage
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Rachel Dollar, the editor of Mortgage Fraud Blog, is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors. She is an author and a nationally recognized speaker on the topic of mortgage fraud. Ms. Dollar is a shareholder with the law firm of 
