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
Continue Reading...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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Charles Harvath, 33, Lodi, N.J., admitted to conspiring to participate in a scheme which caused lenders to release more than $40.8 million based on fraudulent mortgage loan applications and conspiring to launder the proceeds of the fraud.
Harvath pleaded guilty to an information charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering.
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John C. Lucidi, Jr. was involved in a multi-million dollar mortgage fraud scheme while working as a mortgage broker in Newtown Square. By Jennifer Kim PHILADELPHIA—The Federal Bureau of Investigation (F
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Kimberly K. White, 38, Elizabeth, Colorado, pled guilty before U.S. District Court Judge Robert E. Blackburn on July 15, 2011, to one count of wire fraud related to a mortgage fraud scheme. White was named in a superseding indictment issued by a federal grand jury in Denver on May 20, 2010. White is scheduled to be sentenced by Judge Blackburn on September 30, 2011.
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