Sondra Tredaway, 65, Mission, Texas, a former bank officer with Texas State Bank has been ordered to federal prison for defrauding her former employer to the tune of approximately $2.4 million. The defendant used her position as branch manager to create more than 58 fictitious loans and used the proceeds for her own benefit.
Irfan M. Jameel, 51, Virginia Beach, Virginia, was convicted by a federal jury on charges of wire fraud, bank fraud, and use of a false Social Security number in connection with obtaining $5.375 million in loans.
Mervyn A. Phelan, Sr., 74, Newport Beach, California, and Gregory E. Grantham, 56, Oceanside, California, pleaded guilty to conspiracy, wire fraud and obstruction of justice for their roles in a real estate fraud scheme whereby private money lenders and investors were persuaded to deposit funds into escrow accounts, which were later pillaged by the conspirators.
Keith Anthony, 46, Elmont, New York, the former President and owner of a company that purported to provide financing for home purchases to people with poor credit, and a former employee of the company, Anthony Podias, 39, Levittown, New York, have been indicted for their alleged participation in a scheme that victimized more than 100 financially struggling people across the country.
James Lignelli, 59, Presto, Pennsylvania, was found guilty by a federal jury of three counts of bank fraud, United States Attorney David J. Hickton announced today.
William Beard, 40, Seattle, Washington, was sentenced to 16 months in federal prison for his participation in a Southern California mortgage elimination scheme that promised to prevent foreclosure through the paying off of the distressed homeowner’s mortgage.
The Loan Modification Scam Prevention Network and the Lawyers’ Committee for Civil Rights Under Law issued a report finding that attorney involvement in foreclosure rescue and loan modification scams to be growing…
Ifeanyichukwu Eric Abakporo, 52, a Nigerian citizen, now a resident of Queens, New York, and a pastor at a Bible Church, has been sentenced to six years in prison for his role in a real estate fraud scheme wherein he swindled a multi-million dollar property from an elderly woman.
Fabian Sparrow, 35, Burlington, N.C., pleaded guilty just before his trial was to begin on federal charges involving a $158 million consumer and mortgage fraud conspiracy.
Michael Edward Filmore, 52, Chesterfield, Missouri, was sentenced on May 22, 2014, to four years in federal prison for defrauding TARP recipient Pulaski Bank in obtaining at least 15 loans and more than $6 million in financing.