Ricardo Fabian Salinas, 34, Los Angeles, California, pleaded guilty to bank fraud in connection with a mortgage fraud scheme perpetrated in Bakersfield, California.
Anthony Haynes, 54, Seffner, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich to one year and one day of imprisonment on two counts of wire fraud in connection with a fraudulent mortgage scheme.
Lorraine Brown, 51, Alpharetta, Georgia, former president of mortgage document processor DocX, was sentenced to 40 months to twenty years in prison on one count of Conducting Criminal Enterprises (Racketeering) for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.
Shervin Neman, whose given name is Shervin Davatgarzadeh, 31, Century City, California, was arrested by FBI special agents after he was charged with running a Ponzi scheme and then bilking another victim out of millions of dollars that he used to pay back earlier victims after the S.E.C. took him to court.
Kareem Serageldin, the former Managing Director/Global Head of Structured Credit in the Investment Banking Division of Credit Suisse Group, pled guilty to mortgage-related fraud.
Bryan Joseph Lenton, 33, Oakdale, Minnesota, was sentenced for his role in a mortgage fraud scheme that caused losses to lenders exceeding $7 million.
Bank of America will pay $500 million to settle lawsuits by investors nationwide, including the Oregon Public Employees Retirement Fund, against Countrywide Financial Corp.
N.M.M.S.R. Incorporated, doing business as Making Home Affordable USA, and its owner Jason Keating, Maumee, Ohio, are the subjects of a civil lawsuit charging them with multiple violations of Ohio’s consumer laws.
David Romo, 42, Folsom, California, was sentenced by United States District Judge Garland E. Burrell, Jr. to 10 years and one month in prison for mail fraud related to a real estate investment scheme that defrauded investors of more than $6.9 million.
Lynda Finch-Estrada, 54, Las Vegas, Nevada, William Chrissikopoulos, 43, Las Vegas, Alan Dornhuber, 63, Las Vegas, Nevada, and William Patterson, 51, El Monte, California, were charged in a 15 count indictment returned by a grand jury. The defendants are alleged to have participated in mortgage and foreclosure rescue schemes.