Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months imprisonment and three years of supervised release for his role in a mortgage fraud conspiracy and evading taxes.
Continue Reading...Jeffrey Egan, Troy, Michigan, pleaded guilty to bank fraud in connection with an investment fraud scheme in which over a dozen victims were defrauded of over $1 million. Egan, operated a company called Real Estate Capital Group (RECG) from 2004 through 2008. He promised investors that their investments were fully secured with real estate.
Menachem Yosef Levitin, 27, New Haven, Connecticut, waived his right to indictment and pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud and bank fraud. The charge stems from Levitin’s participation in a $10 million mortgage fraud scheme in New Haven.
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A Fenton, Mich., man pleaded guilty today to running a massive mortgage fraud scheme that cost lenders more than $100 million in losses — some of which was used to buy cars, boats, trips and a helicopter for…
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Kelly Gearhart, 50, Wadsworth, Ohio, a real estate developer who formerly resided in Atascadero, California, was indicted on federal fraud and money laundering charges that accuse him of bilking investors who put money into Central Coast California real estate projects””money that was siphoned off for other purposes, including maintaining a lavish lifestyle.
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Here is a look at five news stories that occurred around Hartland this week.and more »
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A young real estate agent has admitted that he and a group of prison guards were involved in a scam involving rundown houses in New Haven that swindled $10 million from banks issuing mortgage loans. Defendant…
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A federal judge has sentenced a Brookwood, Ala. man to 18 months in prison on false statement charges related to an almost $750000 mortgage fraud scheme in the Birmingham area, announced U.S. Attorney Joyce Whi
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The Flint Journal – MLive.comA mortgage fraud ring that bilked banks in Southeast Michigan of more than $100 million over four years soon will result in prison time for the local ringleader. Ronnie Edward Duke,
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DETROIT A Gibraltar woman faces up to 10 years in prison and a fine of up to $250000 for her role in a more than $100 million mortgage fraud scheme. Nicole Lynn (Turcheck) Rothe, 33, will be sentenced
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