Carlyle “Carl” Lee Cole, 66, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 17 years and seven months in prison and Caleb Lee Cole, 37, Bakersfield, was sentenced to six months in prison for charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
William Barksdale, 47, Burlington, New Jersey, a real estate consultant, was sentenced to 20 months in prison for helping five people defraud banks by obtaining multiple home equity loans on the same property.
Claudia Montes, 41, San Diego, California, was sentenced to 20 months in prison and ordered to pay $1,337833.16 in restitution for her role as a straw buyer in a mortgage fraud scheme.
Ging—Hwang “Felicia” Tsoa, 59, Broadlands, Virginia, was sentenced to 30 months in prison, followed by three years of supervised release, for her role in a mortgage fraud conspiracy that involved approximately 36 properties in Northern Virginia and nearly $20 million in fraudulently obtained loans.
Matthew Sysum, 44, Fort Collins, Colorado, who was convicted of running a mortgage fraud scheme, was sentenced in Weld County District Court to five years in prison.
Ismael Cancinos and Mercedes Alvarez have been arrested and charged with 86 felony counts of real estate fraud.
Amy James, a Georgia real estate investor, pleaded guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia.
Roger K. Howard, 51, Englewood, Colorado, was sentenced on Tuesday by U.S. District Court Judge R. Brooke Jackson to serve 108 months in federal prison for wire fraud and money laundering.
Home Remedy Center, Newport Beach, California, is the subject of a lawsuit for failure to deliver and failure to provide refunds for its home loan modification service. The lawsuit seeks consumer restitution, injunctive relief, and civil penalties.
Sylvia Denise Cathey, 46, of Memphis, Tennessee, was sentenced to 57 months in federal prison following her guilty plea to one count of mail fraud and one count of money laundering.