Juan Velez, 60, Waterford, Connecticut, pleaded guilty before United States District Judge Robert N. Chatigny in Hartford, Connecticut, to one count of bank fraud stemming from a mortgage fraud scheme. Velez pleaded guilty in the middle of his trial, which began on June 17, 2013.
Seth Beoku Betts, 37, Boynton Beach, Florida, a principal of Betts and Gambles Global Equities, LLC, was arrested on the charge of wire fraud for operating an investment scheme whereby he promised investors funds would be used for the purposes of trading in collateralized mortgage obligations.
Joon Park, a/k/a Joon Pak, and Joon Paik, 43, Falls Church, Virginia, was sentenced by U.S. District Judge William D. Quarles, Jr. to 188 months in prison followed by five years of supervised release for conspiring to commit bank fraud in connection with a scheme to fraudulently obtain loans,
Seth Bradshaw, 35, Pigott, Arkansas, and formerly of Sunflower County, appeared before Judge Bettye Sanders to be sentenced after pleading guilty to three counts of false pretense.
Michelle Guy, Tampa, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich to 48 months in federal prison for conspiracy to commit mail fraud and wire fraud. The court also ordered her to forfeit over 400 high-end purses, shoes, sunglasses, electronics, and other clothing, which are traceable to proceeds of the offense.
Robert Williams, Atherton, California, a real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Ryan E. Bird, a/k/a Chris Jackson, a/k/a Matthew Bross, 35, Clementon, New Jersey, a former employee of The Vacation Ownership Group LLC, admitted to conspiring to defraud owners of timeshare properties.
Derrick Ivan Lance, 41, Edina, Minnesota, a mortgage broker, was sentenced for his role in a $20 million mortgage fraud scheme that involved 57 properties.
James F. Habel, 56, Dunedin, Florida, previously of Point Pleasant Beach, New Jersey, a former school district superintendent is named in a pair of indictments by a Monmouth County, New Jersey, grand jury charging him with various schemes, including mortgage fraud totaling more than $1 million.
A federal grand jury has indicted six defendants in a mortgage fraud conspiracy in which lenders provided over $3.5 million for fraudulently obtained loans.