Mark P. Troehler, 38, Herrin Illinois, was indicted by a federal grand jury sitting in Benton, Illinois, on May 9, 2013, and charged with Bank Fraud.
Timothy E. Shannahan pled guilty to conspiring to commit mortgage fraud by acting as a straw buyer in a $5 million mortgage fraud scheme.
William Kevin Kelly, 59, Ocean City, New Jersey, was sentenced to 60 months in prison for a real estate scam that victimized clients and investors in the Lancaster area.
Mark S. Farhood, 49, formerly of San Diego, California, and Jason S. Sant, 37, Lecanto, Florida, pleaded guilty to conspiracy charges in connection with their operation of a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company.
Kenneth H. DiPasquale, 38, Morgantown, West Virginia, was sentenced today to 42 months in prison, followed by three years of supervised release, for his role in a series of fraudulent mortgage loan transactions, including one in which he stole an individual’s identity and “sold” that individual his home for a nearly $320,000 profit.
Frank Garcia, 51, Florida, pleaded guilty before U.S. District Court Judge Richard J. Arcara to fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
Oscar Torres, 47, Weston, Florida, pleaded guilty to participating in two separate mortgage fraud conspiracies. He faces a maximum penalty of 30 years in federal prison on each of the two counts.
Andrew B. Katakis, Danville, California, is now the subject of a superseding indictment charging him with obstruction of justice related to a federal investigation into conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.
Jacob John Cunningham, 26, and John D. Silva, 28, both from Irvine, California, Justin Dennis Koelle, 23, Costa Mesa, California, and Dominic Adam Nolan, 32, Irvine, were convicted on May 8, 2013, of defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with the CitiFinancial or CitiMortgage logos offering home loan modification assistance.
Valeri Kalyuzhnyy, 41, Orangevale,California, was indicted by a grand jury and charged with making false statements on a loan and credit application and money laundering.