John A. Yanchek, 49, Sarasota, Florida, was sentenced by United States District Judge James D. Whittemore to five years in federal prison for a conspiracy to commit loan fraud, bank fraud, and money laundering. The court also ordered Yanchek to forfeit $7.6 million. Yanchek had pleaded guilty on February 4, 2009.
Continue Reading...Dawn Quiroga, 39, formerly of Edmond and now from Broken Arrow, Oklahoma, pled guilty to money laundering and failure to file a tax return stemming from a mortgage fraud Ponzi scheme.
According to court records, in June of 2006 Quiroga began soliciting investors for a business she called Buyers Solutions Marketing, LLC
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Joseph Kaiser, Tacoma, Washington, has been ordered by a judge to pay more than $3.2 million to victims he wronged plus $179,000 in penalties for violating the Consumer Protection Act.
Kaiser was the first foreclosure “rescuer” to be tried by the Attorney General’s Consumer Protection Division, which works to enforce a fair marketplace for consumers and businesses.
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Eric Jason Sunsdahl, 34, Rosemount, Minnesota has been charged with seven counts of bank fraud, seven counts of false statements on loan applications and one count of conspiracy to commit wire fraud. Sunsdahl‘s indictment alleges that from 2004 through 2007, he fraudulently obtained mortgages and funds from Bremer Bank by submitting false and fraudulent loan applications and
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Gregory S. Chew, 41, Waynesville, Ohio, has been indicted by a federal grand jury on one count of money laundering and 24 counts of illegally structuring currency transactions in connection with a mortgage fraud scheme.
According to court documents, Chew, doing business under the names RB, Inc., and Continue Reading...
Larry Jason Somera, West Linn, Oregon, has been ordered, in an ongoing effort to better protect Oregon mortgage borrowers from fraud, by the Department of Consumer and Business Services, to cease and desist permanently from the mortgage lending industry after he pleaded guilty in Multnomah County Court to one count of forgery. Somera agreed to sign the state’s order as
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Inquiring minds are investigating provisions of a foreclosure prevention plan working its way through Congress. The plan throws away more taxpayer money while shielding servicers from misconduct. In other words, the bill does exactly what one might expect from this Congress and this administration.
Jerry R. Emerick, 39, Raymore, Missouri, the owner of a residential construction business in Raymore, Missouri, has pleaded guilty in federal court to his role in a $12.6 million mortgage fraud scheme that involved 25 upscale residential properties in Lee’s Summit and Raymore, Missouri.
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Lizette Morice, 42, Ewing Township, New Jersey, has been sentenced to 10 years in prison for running a fraudulent investment scheme involving fictitious foreclosures, announced United States Attorney Laurie Magid. Morice pleaded guilty in July 2008 to seven counts of mail fraud. Between April 2006 and July 2007, Morice ran a company
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Maurice Eugene Jenkins, 41, Wilson, North Carolina, pled guilty before United States District Judge James C. Dever, III, to bank fraud, in violation of Title 18, United States Code, Section 1344.
A Criminal Information was filed on March 26, 2009. According to the Information, in approximately late 2002 to May, 2008, Jenkins devised a scheme to defraud Continue Reading...