Numerous federal cases and other court actions have been unsealed involving attorneys, mortgage brokers, real estate professionals, and developers, who are charged with federal crimes pertaining to mortgage fraud.
Kevin Derricott, 40, Rocklin, California, was sentenced to 20 months in prison for his role in a scheme to defraud lenders out of millions of dollars.
Jewel Hinkles, aka Cydney Sanchez, 63, Los Angeles, California, pleaded guilty to bankruptcy fraud in connection with a foreclosure rescue scheme she ran.
Jeffrey Baker, 45, Detroit, Michigan, and Leroy Yeargin, Jr., 44, Southfield, Michigan, were charged with operating a fraudulent mortgage modification business defrauding approximately 272 victims out of $400,000.
James Gordon Fields, 47, whose last known address is unknown, a man who was a fugitive from justice for more than a year, was sentenced in the United States District Court for the Western District of Virginia on a variety of fraud charges.
Angela Corson Smith was indicted and charged with bank fraud for allegedly forging her husband’s signature to obtain a home equity line of credit.
Robert Thomas, 36, Lake Worth, Florida, pled guilty to a one-count information. The charge arose out of a telemarketing scam which operated in Palm Beach County, Florida, that bilked over 22,000 property owners of $30 million dollars.
Gregory R. Klima, 52, Avon Lake, and Timothy R. Grodzik, 52, Columbia Station, Ohio, were charged with conspiracy to commit wire fraud for defrauding companies and customers out of more than $290,000, said Steven M. Dettelbach, United States Attorney for the Northern District of Ohio.
Stephen Henry, 46, Memphis, Tennessee, was sentenced to 24 months in prison and ordered to pay $2,424,000 in restitution as a result of his guilty plea to one count of misapplication of bank funds.
Guy Mitchell, 53, Miami, Florida, has pleaded guilty to a charge of conspiring to commit bank fraud and to pay bribes to an officer of a financial institution.