Jose Guzman, 53, Waterford, Connecticut, was sentenced today by Senior U.S. District Judge Alfred V. Covello in Hartford to 51 months of imprisonment, followed by three years of supervised release, for operating an extensive mortgage fraud scheme in eastern Connecticut.
Darryl Glasco, 54, North Tonawanda, New York, a licensed New York State appraiser, pleaded guilty to conspiracy to commit bank fraud. The charge carries a maximum penalty of 30 years in prison, a fine of $ 1,000,000, or both.
Lloyd Gardley, 60, currently in federal custody in Pahrump, Nevada, the mastermind of a Las Vegas mortgage fraud scheme that caused approximately $15 million in losses to the lenders and financial institutions, has been sentenced to just over 11 years in federal prison for his guilty pleas to conspiracy and fraud charges.
Anthony B. Joachim, Stockton, California, an Eastern California real estate investor pleaded guilty to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions in Eastern California.
Ten individuals have been indicted and charged for the roles in an alleged loan modification fraud scheme.
Melvn Russell “Rusty” Shields, 44, Granite Falls, North Carolina, and Michael Sims, 59, Gilroy, California, two of the founders of S3 Partners, were convicted by a federal jury convicted on investment fraud related charges.
Matthew Scott Bernard, 44, Baton Rouge, Louisiana, was sentenced today by U.S. District Judge James J. Brady to serve 41 months in federal prison for his role in a fraudulent scheme to secure financing.
John Murphy, 63, Nesconset, New York, the former chief executive officer of Oak Rock Financial LLC, pled guilty to bank fraud before United States Magistrate Judge Gary R. Brown at the United States courthouse in Central Islip, New York.
Robert Rivernider, 48, Wellington, Florida, was sentenced by U.S. District Judge Robert N. Chatigny in Hartford, Connecticut, to 144 months of imprisonment, followed by five years of supervised release, for operating two investment schemes that caused a loss of more than $25 million to individuals and lending institutions.
Nicholas Lindsey, 40, Billings, Montana, who worked as a loan officer in Las Vegas, Nevada, during 2006 and 2007 was sentenced to 11 years in prison, five years of supervised release and ordered to pay over $2.2 million in restitution for his fraud and identity theft convictions related to a mortgage fraud scheme.