Laurie Mayfield, aka Laurie H. Scott, 54, Fredericksburg, Texas, former D’Hanis State Bank president, admitted that she filed fraudulent bank regulating reports which overestimated the bank’s assets.
Christopher Paul George, 45, Rancho Cucamonga, California, Crystal Taiwana Buck, 40, Long Beach, California, and Albert DiRoberto, 62, Fullerton, California, were convicted by a federal jury of offering bogus loan modification programs to thousands of financially distressed homeowners who lost more than $7 million when they paid for services, including loan modifications, that were never provided.
Brian W. Harrison, 56, Great Bend, Kansas, a former loan officer for a bank in Great Bend, was sentenced to six months in prison followed by six months home detention for bank fraud. Harrison falsified credit and loan applications, promissory notes and security agreements without proper authority.
Michael P. Bernick, 51, Pittsburgh, Pennsylvania, a former bank director, was sentenced in federal court to 144 months of imprisonment on his conviction on nine counts of misapplication and theft of funds by a bank director. Bernick did not complete any loan applications, sign notes, or provide security for the monetary advances, yet received more than $350,000.
Daniel Cardillo, 51, Wildwood, New Jersey, admitted defrauding a financial institution as part of a mortgage fraud scam that used phony documents and straw buyers to make illegal profits on over-developed condominiums.
Aleksandr Kravchenko, 36, King County, Washington, who fled to Moldova, in Eastern Europe before being indicted by a federal grand jury for 55 loans fraudulently obtained from Westsound Bank, was sentenced in U.S. District Court in Seattle to five years in prison.
Carmen Johnson, 48, Gambrills, Maryland, was sentenced by U.S. District Judge George Jerrod Hazel to 57 months in prison followed by five years of supervised release for conspiracy, wire fraud and making a false statement on a loan application, arising from two residential mortgage fraud schemes.
Michael David Scott, 51, Mansfield, Massachusetts, a former real estate agent/developer and two out-of-state recruiters pleaded guilty to wire and bank fraud charges in connection with a multi-year, multi-property mortgage fraud scheme in Boston, Massachusetts.
Dwayne Onque, 47, Belleville, New Jersey, Mashon Onque, 44, East Orange, New Jersey, and Nancy Wolf-Fels, 58, Toms River, New Jersey, were sentenced for their respective roles in conspiring to defraud financial institutions as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Carlton P. Cabot, 52, Stamford, Connecticut, and Timothy J. Kroll, 44, New Hope, Pennsylvania, – the former Chief Executive Officer and Chief Operating Officer of Cabot Investment Properties LLC, respectively – were arrested for allegedly participating in a scheme to defraud investors in numerous real estate investments by misappropriating over $17 million to pay for personal and business expenses and covering up their fraud with manipulated financial statements.