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.
Mariano Vincente Cano, Tuscon, Arizona, was sentenced by U.S. District Judge David C. Bury to 14 months in prison and ordered to pay over $350,000 in restitution for his role in a straw buyer mortgage fraud scheme.
Linda Rose Gagnon, 59, Irvine, California, was sentenced to 37 months in federal prison for defrauding a group of Roman Catholic Sisters out of $285,000, which she misappropriated and spent for her own use after promising to use the money to help the nuns purchase a retirement home.
Anthony E. Aguilar, and Brenda K. Wyatt, both of Norman, Oklahoma, were indicted on charges of conspiracy to commit bank fraud and making a false statement to a financial institution.
Stephen G. Doherty, Doylestown, Pennsylvania, has been sentenced for his role in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans.
Teresa Giudice, 41, and Giuseppe “Joe” Giudice, 43, both of Towaco, New Jersey, two of the stars of the Bravo TV television show “The Real Housewives of New Jersey,” admitted committing a string of crimes as part of a long-running financial fraud conspiracy.
John Hagener, 77, Granite Bay, California, and Dawn C. Powers, 43, Lincoln, California, separately pleaded guilty to conspiracy charges.
Timothy William Barnes, 37, formerly of San Luis Obispo, California, a real estate broker pleaded guilty to orchestrating a property flipping scheme in which he purchased houses in short sales at artificially low prices and immediately resold the properties at their true market value.
Craig Hudson, William Bolton and David Barile were all sentenced to prison for their roles in a mortgage fraud scam that involved more than 50 fraudulent mortgages totaling $8.8 million.