Nichols Land Company, North Carolina, a company that nearly cost more than 20 residents their homes, has been barred from selling real estate in installments.
Randy Alan Carpenter, 54, Spruce Pine, North Carolina, pled guilty to charges contained in the indictment, though the contents of the plea agreement remain sealed.
Edward Adams, 69, New York, New York, an attorney, pled guilty in Manhattan federal court to conspiracy to commit wire fraud in connection with his participation in a fraudulent real estate scheme.
Eric Ray Hernandez, 37, and Monica Marie Hernandez, 32, Bakersfield, California, pleaded guilty before Senior United States District Judge Anthony W. Ishii to conspiracy to commit mail fraud, wire fraud, and bank fraud in connection with a mortgage fraud scheme.
Brent Edward Lovett, 50, Henderson, Nevada, who made false statements to a federally insured credit union to obtain a $7.5 million real estate loan, was sentenced by Senior U.S. District Judge Roger L. Hunt to 98 months in prison, five years of supervised release and ordered to pay restitution to the credit union.
Jerry Kerley, 60, Kodak, Tennessee, was sentenced to serve four years in prison for his May 2012 federal convictions for wire fraud, bank fraud, and money laundering, all arising from a mortgage fraud scheme.
Anthony J. Vargas, 42, Modesto, California, pleaded guilty to knowingly falsifying material facts in a loan application.
Ronnie Edward Duke, 45, Fenton, Michigan, was sentenced to 13 years in prison in connection with a multi-million-dollar mortgage fraud conspiracy. On June 3, 2013, he was scheduled to self-surrender and begin serving his sentence. Duke failed to appear.
Michael D. Robinson, 36, Kansas City, Missouri, was sentenced to a year and a day in federal prison. Robinson pleaded guilty to one count of conspiracy to commit mail fraud. In his plea, he admitted he conspired with others to provide false information to mortgage lenders.
Rain Joakim-Anwa Davis, aka Jeri Lynn Hardin, 50, Sugar Land, Texas, has been handed a 33-month federal sentence following her conviction on two counts of wire fraud. Davis pleaded guilty January 22, 2013.