Aldo Joseph Baccala, 71, Petaluma, California, was arrested for stealing more than $20 million from dozens of real estate investors in a Ponzi scheme through his company Baccala Realty, Inc.
Continue Reading...Kevin D. Hightower, 42, Reynoldsburg, Ohio, is the subject of a seven-count indictment charging him with defrauding lenders out of approximately $3,592,099.32 in mortgage loans in connection with 38 Columbus, Ohio, properties he purchased through his real estate investment company, Suite 500 LLC.
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Edna Ledoux Jamieson, 44, Moneta, Virginia, a former employee of Genesis Mansions, pleaded guilty in the United States District Court for the Western District of Virginia to tax charges related to money she earned through her participation in a mortgage fraud scheme.
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By WAYNE K. ROUSTAN Sun Sentinel – McClatchy-Tribune Information Services Eight people have been indicted in a $39 million mortgage fraud scheme, according to US Attorney Wifredo A. Ferrer. The federal…
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A two-count information was filed against Jack R. Coppenger, Jr., age 49 of the Akron, Ohio, area charging him for his roles in a mortgage fraud scheme that resulted in losses of approximately $36 million, said…
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An Ohio man who promised buyers in 2005 “there’s money to be had” has been charged in connection with a $36 million mortgage fraud scheme involving property in the Waters Edge development near Allanton…
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By NEIL HARVEY The Roanoke Times – McClatchy-Tribune Information Services A former employee of a Bedford County, Va., company pleaded guilty Thursday in federal court in Lynchburg to a tax charge that stems…
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Abacus Federal Savings Bank and 11 of its former employees in a false document mortgage fraud scheme resulting in the sale of hundreds of millions of dollars worth of fraudulent loans to the Federal National Mortgage Association have been indicted. An additional 8 former employees have already waived indictment and admitted their guilt in connection with this conspiracy.
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Isaura Guzman, 28, New London, Connecticut, was sentenced by Senior United States District Judge Alfred V. Covello to 37 months of imprisonment, followed by three years of supervised release, for her participation in an eastern Connecticut mortgage fraud scheme.
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David M. Sostchin, Hialeah, Florida, an attorney, was publicly reprimanded following a March 8, 2012, court order. Sostchin allegedly failed to inform his client concerning a pending foreclosure.
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