Dustin Ray Sherwood, 37, Trimble, Missouri, who had a large farming operation in Buchanan and Clinton counties, has been sentenced in federal court for making false statements to obtain loans and for selling some of the crops that were supposed to secure loans. Sherwood was sentenced by U.S. District Judge Ortrie D. Smith on Wednesday, Sept. 9, 2009. The court ordered Continue Reading...
Rene Alvarez, 39, San Jose, California, was arrested by investigators with the Santa Clara County District Attorney’s Office on charges that he defrauded hundreds of homeowners, whose homes were in foreclosure, in a wide-ranging loan modification scam. There is an outstanding arrest warrant on the same charges for his cohort, 34-year old Mariano Ortega,
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A Jensen Beach pastor and his wife who were sentenced Tuesday for their roles in a multimillion-dollar mortgage fraud scheme face additional charges for allegedly continuing to engage in criminal activity while behind bars.
Mario Bernadel, 51, Phoenix, Arizona, has been convicted on 19 counts of Conspiracy to Commit Mail, Wire, and Bank Fraud; Mail Fraud; Wire Fraud; Bank Fraud, and Transactional Money Laundering as a result of his involvement in a cash back mortgage fraud scheme. Sentencing is set before U.S. District Judge Stephen M. McNamee on November 30, 2009.
Bernadel played a leadership
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Michael A. Meisner, 52, Boca Raton, Florida, pled guilty before the Honorable U.S. Magistrate Judge James M. Hopkins to a three-count Information filed on September 2, 2009, which charged mail fraud, in violation of 18 U.S.C.§ 1341, loan application fraud, in violation of 18 U.S.C. § 1014, and tax evasion, in violation of 26 U.S.C. § 7201. Bond was set at a $500,000 corporate surety bond, and a $500,000 personal surety
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Canty and others conspirators perpetrated this scheme by identifying distressed homeowners whose properties in Washington, D.C., and Maryland were facing imminent foreclosure and offering to purchase their properties.
Authorities say real estate agents and mortgage brokers used straw buyers with good credit ratings and low income to fraudulently obtain loans. Properties were sold and resold within the alleged ring.
Despite the defendant’s pleas that the world needs a Christian man like him, a Hennepin County judge Thursday gave Marlon Pratt 10 years in prison, more time than the prosecutor sought for 17 theft by swindle and two racketeering convictions.
Eugene J. Lockhart, Jr., 48, Carrollton, Texas, a former player with the Dallas Cowboys, and eight others, have been indicted on various charges related to a mortgage fraud scheme he and the others allegedly ran in the Dallas, Texas area from 2001 through 2005. Lockhart and co-defendant Continue Reading...
Edward J. Safdie, 71, Madison, Connecticut, was sentenced September 1, 2009, by United States District Judge Janet Bond Arterton in New Haven to 51 months of imprisonment, followed by five years of supervised release, for engaging in a fraud scheme during which he received funding from multiple sources to assist him in purchasing The Inn at Chester, Chester, Connecticut. On January
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