Darin Lee McAllister, 44, Brentwood, Tennessee, a Former FBI Special Agent, was sentenced in U.S. District Court in Nashville, to 48 months in prison for his December 2010, convictions on wire fraud and bankruptcy fraud. He devised a scheme to defraud SunTrust Mortgage Co., Inc., in connection with the purchase of rental properties totaling $1.25 million in May and July 2006.
Continue Reading...An Edina mortgage broker was charged Friday for his role in a $20 million mortgage fraud scheme that involved 57 properties. Derrick Lance, 40 years old, was charged in federal court with one count of conspirac
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The checks totaled approximately $442089 and represented a portion of the illicit proceeds obtained through the mortgage fraud scheme. On one occasion, Isgar wired approximately $81000 back to Vincent Aldridge&
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YOUNGSTOWN, Ohio — A Georgia man at the heart of a $7.5 million mortgage-fraud scheme perpetrated in the Mahoning Valley was sentenced to more than five years in federal prison, the government announced Thursd
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Modesto BeeBy Democrat staff Seven real estate professionals, including one from Woodland, have been indicted for mortgage fraud in a scheme causing losses of more than $4 million. US Attorney Benjamin B. Wagne
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In pleading guilty, Antar also admitted that he committed mortgage fraud with respect to another 10 properties in the greater New Haven area from March 2005 to November 2006. By making, or causing to be made, m
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Berenice Quirino/Staff photo – A total of 47 houses in McKinney and surrounding cities are involved in a mortgage scam. By Danny Gallagher, dgallagher@acnpapers.com MCKINNEY – A federal mortgage scheme that net
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A federal judge handed down the strictest sentences yet Thursday in Operation Wax House, one of the biggest mortgage fraud investigations ever in the Charlotte area. US District Judge Max Cogburn Jr. ordered mo
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Alonzo Gene McCowan, 51, Ventura County, California, has been sentenced after pleading guilty to three felony counts arising out of a series of real estate transactions. The crimes are alleged to have occurred during the period of October 2004 through September 2006, but were not discovered until January 2008.
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Sharmon Wade, 37, Jamaica, New York, was sentenced to nine to 18 years in prison for defrauding investors in a scam that involved fictitious real estate property investments. Judge Michael Obus granted the District Attorney’s request that Wade be considered a predicate felon for previous convictions, and ordered Wade to pay $1,242,623.13 in restitution to these victims. Wade pled guilty on May 17, 2010, to grand larceny, securities fraud, scheme to defraud, and a violation of tax law.
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