Gaston E. Cantens, 73, of Miami, was charged in a criminal Information with one count of conspiracy to commit mail and wire fraud for making false promises to investors that their investments would be guaranteed by properties or mortgages that acted as collateral.
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The charismatic South Florida trader, who rode the crest of the housing boom by popularizing risky investments in mortgage pools, defended himself at his federal civil fraud trial in November in West Palm Beach…
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Plain Dealer (blog) CLEVELAND — A federal judge today sentenced two major players in one of the country’s largest mortgage fraud schemes to lengthy prison terms. Tony Viola, a real estate company owner from…
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News10.net Two West Sacramento residents were indicted Thursday for their part in a mortgage fraud scheme amounting in losses of $710000 to lenders. According to US District Attorney Benjamin B. Wagner, a federal…
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Three Chicago churches were among the victims of a mortgage scam, federal prosecutors said today in announcing an indictment against an Ohio man. The churches were only identified as Victims A, B and C…
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Plain Dealer (blog) By Mark Gillispie, The Plain Dealer CLEVELAND, Ohio — Two men accused of playing major roles in one of the country’s largest mortgage fraud schemes received long sentences Thursday…
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WASHINGTON The secretary of Las Vegas-based CPT Real Estate Investments pleaded guilty yesterday for his role in a $3.4 million mortgage fraud scheme involving victims in the Las Vegas area, announced…
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Consumers are warned to be cautious in dealing with several enterprises offering seminars on how to “get rich quick” in real estate, which may include illegal practices such as equity skimming, preparation of false documents and pass-through escrows.
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The brothers pleaded guilty to the first criminal fraud count, which detailed the scheme to defraud mortgage lenders and the FHA. One brother received a prison sentence of 18 months and the other was sentenced…
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PANAMA CITY BEACH Federal prosecutors have indicted five people in connection to an alleged mortgage fraud scheme that involved nine Panama City Beach properties and nearly $9 million. Investigators…
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