Andrew B. Katakis and Donald M. Parker were found guilty following a four-week trial of conspiring to rig bids at public real estate foreclosure auctions held in San Joaquin County, California.
$114,542 will be distributed from the Homeowner Protection Fund to more than 112 victims of the Hope4Homeowners mortgage rescue scam.
Daniel Mumbower, 35, Glassboro, New Jersey, a former banker, was sentenced to 41 months in prison for two counts of bank fraud and one count of receiving bribes by a bank employee for his role in a scheme that defrauded lenders of nearly $3 million.
Grant Alvernaz, Pleasant Hill, California, and Douglas Moore, Walnut Creek, California, two real estate investors, pleaded guilty to their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California. A total of 46 individuals have pleaded guilty or agreed to plead guilty as a result of an ongoing antitrust investigation into bid rigging and fraud at public real estate foreclosure auctions in Northern California. Continue Reading…
Mohammad N. Islam, also known as “Tanveer,” 38, Trumbull, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Leslie G. Foschio to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County, Connecticut.
Alfred J. Cronk, 55, East Haven, Connecticut, a former attorney, was arrested and charged with stealing more than $18,000 of the proceeds from the sale of a house owned by an estate he was retained to represent.
Michael Wayne Harding, 59, Keswick, Virginia, a businessman and former commercial real estate agent who pled guilty last year to a variety of federal fraud charges, was sentenced in the United States District Court for the Western District of Virginia in Charlottesville.
The public is being warned about an email scam from someone posing as a real estate agent.
Lance Kellow, 37, Henderson, Nevada, man has been sentenced to 57 months in prison and ordered to pay $834,000 in restitution for his role in a mortgage fraud scheme that caused over $1 million in losses to federally insured financial institutions.
Edward G. McCusker, 49, Chesterbrook, Pennsylvania, was sentenced to five years in prison for a massive mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans worth more than $10 million. His wife Jacqueline, 49, New Hope, Pennsylvania, was sentenced to one year of home confinement followed by three years of probation for her role in the crime.