Mark M. Benun, 35, New York, New York, was arrested on a criminal Complaint charging him with interstate transportation of a portion of the proceeds from the fraudulent sale, for more than $5 million, of a building at 161st Street in the Bronx. Benun was arrested at his
Continue Reading...Michael A. Tringali has been sentenced to 41 months in federal prison for conspiracy to commit loan fraud, bank fraud, and money laundering. A forfeiture judgement in the amount of $6,925,522 was ordered by Judge Whittemore. Restitution will be determined in a future hearing. As previously reported on Mortgage Fraud
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Charges have been filed in two separate cases against predatory real estate companies and loan brokers who conspired to deceive first-time home buyers as well as homeowners seeking to refinance their existing mortgage. In the first case, Joseph Villaescusa, 46, Whittier, California, Isabel Gutierrez, 49, Tony Gutierrez,
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Pamela Gail Holder has been convicted by a jury of two counts of wire fraud and two counts of bank fraud. The guilty verdict followed a one-week trial before U.S. District Judge Aleta Trauger.
Holder, a professor of nursing at Middle Tennessee State University and the former coordinator of the statewide Tennessee Board of Regents On-Line Degree Program, and her husband, Continue Reading...
Kamal J. Gregory, 35, Centerville, Ohio, pleaded guilty in United States District Court to one count of conspiracy to commit mail fraud, wire fraud and money laundering and one count of conspiracy to commit money laundering. Gregory committed the crimes in connection with an extensive mortgage fraud scheme affecting 210 residential properties, including 205 located in Continue Reading...
Robert Wilfred Stanley, 35, Katy, Texas, has been convicted of conspiring to commit mail fraud and wire fraud as part of a scheme to defraud residential mortgage lenders and money laundering conspiracy.
As previously reported by Mortgage Fraud
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Andrew John Smith, 29, Cleveland, Georgia, was sentenced by United States District Judge William C. O’Kelley to serve over 3 years in prison on a federal charge of conspiracy to commit bank, wire and mail fraud arising from a mortgage fraud scheme.
Smith was sentenced to 3 years, 6 months in prison to be followed by 5 years of supervised release. The court has ordered
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Aaron Dare, Albany, NY, pled guilty to (2) counts of Grand Larceny in the Second Degree, a Class “C” Felony in front of the Honorable Thomas Breslin. This plea comes as a result of crimes that were committed after Dare pled guilty to another set of federal charges and was sentenced, as previously Continue Reading...
Terence Mayfield, 47, Phoenixille, PA, pleaded guilty before U.S. District Judge Joseph H. Rodriguez to one count each of mail and wire fraud for his role in operating two ponzi schemes upon members of a Toms River church which resulted in total losses of more than $1 million. Judge Rodriguez released the defendant on a $100,000 bond pending sentencing, which is scheduled for July 14.
The Information charges Continue Reading...
Your Credit Angel, LLC, Las Vegas, Nevada, which purports to assist distressed homeowners in avoiding foreclosure by offering mortgage loan modification services, was issued an order to cease and desist by the Idaho Department of Finance.
“A person engaged as a third party in mortgage loan modification activities in Idaho must be licensed as a credit counselor,” said Gavin Gee, director of the Idaho Department of Finance.
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