Wednesday, October 22, 2008
Pennsylvania Man Indicted For Mortgage Fraud
Alex Gambini, 42, Greeley, Pennsylvania, was charged in an indictment returned by a federal grand jury with using the mails to further a scheme in which false real estate appraisals and false employment documents were used by his company, First Advantage Financial, to qualify customers for inflated mortgages.
The indictment states that Gambini operated First Advantage Financial during 1999-2002 in Lake Ariel, Hamlin, and Old Forge, and that during that time period he instructed others to use false real estate appraisals and false employment documentation to qualify customers for inflated mortgages.
Gambini’s charge stems from a lengthy investigation by the Federal Bureau of Investigation. Three other people connected to the scheme–Benjamin Haughney, Richard Woods, and Guillermo Laureiro–have been charged and entered guilty pleas to mail fraud in federal court.
Martin C. Carlson, United States Attorney for the Middle District of Pennsylvania noted that if Gambini is convicted of the mail fraud charge, he faces a possible maximum sentence of 30 years in prison, a fine of up to $1 million, a term of supervised release of up to five years, and a $100 special assessment.
Carlson noted that Assistant United States Attorney Francis P. Sempa is prosecuting the case.
mortgage fraud
innocent untill proven otherwise...This is not what i see on any of these reports,,this is america isn’t it ? I don’t think exploiting someone who is not found guilty is unfair,has anyone talked to the many people he has helped with his expertise.I’m sure none of you have.If you have you would see a very different side of this supposed allegation.
Posted by on 10/24 at 10:16 AM
this website is bullshit. just so you know, alex is innocent. i would like to give a shout out to the people that posted this on their website, you’re all a bunch of scumbaggggggs. maybe you should get your facts and stories straight before you go spreading it around. thankss.
Posted by on 01/28 at 02:52 PM
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Some Sources require Registration.
Mortgage Scam Ends with Prison
The Morning Call
A judge didn't hold back when Shirley Matthews appeared before him Tuesday to be sentenced for stealing from a Monroe County man instead of helping him save his home from foreclosure, as she was hired to do.
Woman Gets Prison Time After Mortgage Scam Conviction
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A New Jersey woman will be spending two to five years in state prison after she was sentenced on Tuesday for promising to help homeowners avoid foreclosure and then keeping the money she was given for their mortgages.
2 Indicted in Mortgage Scam Face New Charges
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Prosecutors add extra charges to two who are charged in LI mortgage fraud with county legislator, dominatrix and her husband
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Why did so many units go into foreclosure all at once? In some cases, the reason can be traced to mortgage fraud.
No Contest Plea Entered in Real Estate Fraud Case
Northbay Business Journal
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
Plain Dealer
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.
CITIZEN JOURNALISM: Mortgage Fraud High in Area
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According to the FBI, Virginia, Maryland and the District are among the top 10 jurisdictions experiencing mortgage fraud.
Former Vegas Resident Charged with Mortgage Fraud in Nevada
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A former Las Vegas resident has been charged with federal conspiracy and fraud charges for his involvement in a Nevada mortgage fraud scheme involving straw buyers and falsified mortgage loan documents...
Missouri Man Sentenced for Mortgage Fraud
Belleville News Democrat
A suburban St. Louis mortgage company operator has been sentenced to more than 11 years in prison for a mortgage fraud scheme.
12-Year Prison Term in Mortgage Swindle
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A Maryland woman who stole millions from Washington area homeowners trying to avoid foreclosure is a "vulture" whose case should serve as a warning to other con artists...
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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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