William R. Beamon, Jr., a/k/a Rusty Beamon, 54, Atlanta, Georgia, has been sentenced to three years, six months in federal prison for defrauding Appalachian Community Bank, Ellijay, Georgia. Beamon was convicted by a jury of five counts of bank fraud on December 19, 2014, after a five-day trial. Continue Reading…
Kimberly Haslacker, 39, Romney, West Virginia, was convicted of bank fraud in federal court after she admitted to using her position as a bank loan officer to obtain fraudulent loans.
Wayne Lippman, Walnut Creek, California, a real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids at public real estate foreclosure auctions in Northern California.
Poppi Metaxas, 62, Hillsborough, California, the former President and Chief Executive Officer of Gateway Bank, FSB, pleaded guilty to conspiracy to commit bank fraud for her role in defrauding the bank of more than $1.8 million in the aftermath of the financial crisis.
Dean Gregory Chandler, 50, Fallbrook, California, and Michael Eccles, 35, Vista, California, were sentenced to 12 and 5 years in prison, respectively, for their roles in defrauding more than 3,000 homeowners across the nation through a sham law firm in Oceanside, California.
Conan Hayes, 40, Topanga, California, the former co-owner of the clothing brand RVCA is scheduled to be arraigned May 4, 2015, for committing short-sale fraud of his home and causing a total loss of over $500,000 to the lender.
Stephen Choate, 62, Pahrump, Nevada, was sentenced on a charge of pattern of mortgage lending fraud. Choate ran a scam between November 2010 and February 2012, to defraud clients of $11,500 in fees under the guise that he would obtain loan modifications for them.
John C. McBride, 66, Boston, Massachusetts, who was disbarred in 2007 after practicing law for more than three decades, was sentenced to federal prison for tax and bank fraud violations. His crimes arose in connection with recording fraudulent tax and bank releases on his seaside Marblehead, Massachusetts home and his vacation home in Edgartown, Martha’s Vineyard. Both properties were later foreclosed on.
Michael T. Rand, 52, Sandy Springs, Georgia, was sentenced by U.S. District Judge Robert J. Conrad, Jr. to 120 months in prison and to three years of supervised release on conspiracy and obstruction of justice charges in connection with federal investigation into a seven-year accounting/sales fraud conspiracy at Beazer Homes USA, Inc.
Benny Chetcuti, Jr., 60, Walnut Creek. California, was sentenced to 51 months in prison, and ordered to pay $21,823,526.10 in restitution, as well as forfeit $3,968,995 in proceeds obtained from a multi-year real estate investment fraud scheme. Continue Reading…