Donna Shirley Cobb, 53, Aledo, Texas, woman has been sentenced to federal prison for her role in a mortgage fraud scheme involving 28 properties located in the Eastern District of Texas.
Jayesh Dahyabhai Patel, 48, Knoxville, Tennessee, has been indictment and charged with five counts of bank fraud. Patel allegedly provided false income tax returns for himself and his businesses to induce First Community Bank to issue the loan.
Mahafarid Amir Khosravi, aka Amir Mansour Aria, has been put to death after Iran’s Supreme Court upheld his death sentence for bank fraud. The defendant was convicted for his role in a $2.6 billion scam in Iran, allegedly the biggest bank fraud case in Iran since 1979.
Trent K. LeDoux, 40, Holton, Kansas, a former Kansas state legislator, pleaded guilty to defrauding Farmers and Merchants Bank, Colby, Kansas, of more than $465,000, some of which he deposited in his campaign account.
Jose Marinay, 52, Annandale, Virginia, pleaded guilty to conspiracy to commit wire fraud for his involvement in a short sale mortgage fraud conspiracy.
Andrea Lorraine Avery, 47, Los Angeles, California, was sentenced following acceptance of her guilty plea in December 2013. The defendant and others entered into contracts to purchase twenty-four residences then utilized fraudulent loan applications to obtain loans for each of the residences.
Dwayne Stewart, 44, West Philadelphia, Pennsylvania, was sentenced by the Honorable Carolyn Nichols to 2.5 to 5 years in state prison followed by ten years of probation and ordered to pay over $86,000.00 in restitution following Stewart’s guilty plea for “stealing” West Philadelphia houses using forged deeds.
Martin A. Pool, 44, Atlanta, Georgia, and Armand R. Franquelin, 57, Liberty, Utah, pleaded guilty to securities fraud and money laundering in U.S. District Court in Salt Lake City, Utah. The defendants admitted persuading investors to direct funds to their company, The Elva Group, in return for promissory notes with a promise of monthly interest payments at annual rates between 8 percent and 20 percent.
Mark Henry Tkac, 49, Raleigh, North Carolina, was sentenced by Chief United States District Judge James C. Dever, III to a 42-month term of imprisonment, followed by five years of supervised release, and pay $1,612,612.94 in restitution for running a straw buyer scam. The defendant used his expertise in real estate to exploit mortgage lenders.
Steven Pitchersky, 65, Rancho Mirage, California, was sentenced to 51 months in prison for a scheme to defraud Ally Bank that resulted in losses to the bank of approximately $5.3 million. Pitchersky, who pleaded guilty to wire fraud on September 23, 2013, operated Nationwide Mortgage Concepts, a California mortgage lender.