Ronald L. Roberts, 54, Town and Country, Missouri, was sentenced to 68 months imprisonment on charges of mail and wire fraud in connection with his obtaining more than a million dollars from lenders in a loan fraud scheme.
Stephen Lyster Siringoringo, 34, Westminster, California, Joshua Michael Cobb, 32, and Alfred Orn Clausen, 41, Rancho Cucamonga, California have been charged for their alleged involvement in a major loan modification fraud scheme that resulted in losses of over 44 million dollars by unsuspecting victims.
Andrew Mangini and First Solutions Inc., d/b/a Credit One, are the subjects of an administrative complaint alleging that they illegally assessed advance fees for loans. As part of the administrative complaint, a $700,000 fine has been sought as well as a notice of intent to issue a cease and desist order.
Arlene Jeanette Mojardin, 32, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield.
Richard Demaria, 45, Glenview, Illinois, a former managing director of Panorama Global Partners, LLC, a company that falsely purported to trade in certain financial instruments, was sentenced to 40 months in federal prison for fraudulently obtaining approximately $4.2 million in investor funds and for misappropriating approximately $3.9 million of those funds.
Anatoliy Azarov, 33, Sacramento, California, pleaded guilty to mail fraud for a mortgage fraud scheme involving 24 residential properties. The defendant and his co-conspirator convinced investors to purchase their inventory of properties at inflated prices and used the excess funds as working capital to continue their business. Continue Reading…
Hencorp Becstone Capital L.C., Miami, Florida, has agreed to pay $3.8 million to resolve allegations under the False Claims Act that it made false statements and claims to the Export-Import Bank of the United States in order to obtain loan guarantees. Continue Reading…
Ray M. Mubarak, 54, Knoxville, Tennessee, Dianna Mubarak, 52, Knoxville, and Blythe Bond Sanders, III, 35, Norris, Tennessee, were arrested by federal agents for allegedly participated in a bank fraud conspiracy involving fraudulent loans exceeding $6.7 million.
Anthony Carta, 53, Detroit, Michigan, has pleaded guilty to seven felonies associated with his formation of a faith-based mortgage assistance scam.
Linda Sue Newcomb, 63, Madison Heights, Virginia, who was the former manager of the Lynrocten Federal Credit Union, pled guilty in United States District Court for the Western District of Virginia to embezzlement, bank fraud and identity theft charges for her role in originating loans in the names of credit union members without those members’ knowledge or consent, including forging the member’s name to fictitious loan documents. Continue Reading…