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.
Paxton Jeffrey Anderson, 40, and Joseph John Plany, 39, have been convicted after a 12-day trial of 25 counts and 22 counts, respectively, of bank fraud and one count each of conspiracy to commit bank fraud for their participation in a mortgage fraud scheme.
Renee Goodman, Ozark, Missouri, and her investment company, Investment Midwest, have been shut down due to false promises concerning, among other things, that investor funds would be used for an ownership stake in a new home being built in Branson, Missouri.
Hrong Arman Gasparian, 67, Fishers, Indiana, was convicted of 10 counts of wire fraud after a three-day jury trial before U.S. District Judge Sarah Evans Barker. He was convicted for his involvement in two fraudulent schemes that swindled prospective borrowers of hundreds of thousands of dollars.