Michael Krause has been indicted on charges of wire fraud and conspiracy for his alleged role in misappropriating and failing to pay off a prior mortgage with the funds from a new loan.
Walter Ng, his son Kelly Ng, and Bruce Horwitz, three real estate fund managers, have been charged with fraud for secretly using the assets of a new real estate fund to rescue an older, rapidly collapsing fund.
Five former real estate executives have been charged with defrauding investors into believing they were funding the development of five-star destination resorts in Florida and Las Vegas when they were actually buying into a Ponzi scheme.
Alvin R. Brown, Redondo Beach, California, is the subject of charges and an emergency asset freeze against his companies for defrauding seniors and other investors in a real estate investment scheme.
Danny Ray Butler, 57, Fosters, Alabama, has been indicted by a federal grand jury on multiple fraud and false statement charges connected to schemes to defraud financial institutions.
Karin A. Hazel, aka Karin A. Caruso, aka Karin A. Corbin, Canal Winchester, Ohio, pleaded guilty to tax and mortgage fraud crimes just before her trial was to begin.
Salvatore J. Leone, 50, Dover, Delaware, pleaded guilty to conspiracy to commit bank fraud concerning the procurement and use of loan funds.
Juan Jose Alvarez De Lugo Azpurua, 53, Branford, Connecticut, waived his right to indictment and pleaded guilty before Senior U.S. District Judge Warren W. Eginton to one count of wire fraud stemming from his operation of a real estate investment scheme that defrauded individuals out of more than $2 million.
Maria DeJesus-Guzman, 36, Philadelphia, Pennsylvania, was charged in a four count indictment with loan application fraud, passport fraud, falsely representing to be a United States citizen, and aggravated identity theft.
Michael Ghabrial, 49, Martinsville, New Jersey, was charged by Information with one count of bank bribery.