Daniel Lee Rosales, 21, Killeen, TX, was sentenced to two years in federal prison for stealing money from U.S. Army soldiers though a fraudulent loan scam.
A federal grand jury in San Francisco returned three multi-count indictments against eleven real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California.
Patrice Hairston, 52, Lawrenceville, Georgia, Bonnie Rose, 54, Jonesboro, Georgia, Sarah Hyldahl, 32, Marietta, Georgia, and Ronnika Allen, 30, Powder Springs, Georgia, have been sentenced for their roles in a scheme to defraud mortgage lenders of over $2 million in mortgage loans.
Melvin Russell “Rusty” Shields, 45, Granite Falls, North Carolina, and Michael Sims, 60, Gilroy, California, the founders of the S3 Partners, were sentenced to prison for investment fraud and fraudulently obtaining millions of dollars from banks by submitting forged and fraudulent invoices and loan closing documents.
Christopher Burhans, 65, Lebanon County, Pennsylvania, was sentenced by Chief U.S. District Court Judge Christopher C. Conner to 37 months’ imprisonment, two years’ supervised release and $1,658,205 in restitution for his role in falsely representing to investors that their money would be solely used to make loans for the purchase of real estate.
John Struna, 52, Concord Township, Ohio, pleaded guilty to defrauding Taupa Lithuanian Credit Union. The defendant received $112,105 from a bank co-conspirator for the purchase of a condominium located in Ft. Myers, Florida, but at no time did Struna submit any credit applications or loan documents.
James Berghuis, 42, Sacramento, California, was sentenced to 14 years in prison for orchestrating a Ponzi scheme in the Sacramento area that defrauded family members, friends, and other acquaintances of more than $2.7 million.
Mariame Robinson-Cowan, 66, Yonkers, New York, waived her right to indictment and pleaded guilty in New Haven, Connecticut, federal court to one count of wire fraud related to her participation in an advance fee fraud scheme.
Peter W. Hayes, 49, Newark, Delaware, pleaded guilty to one count of accepting a gift for procuring loans, in violation of Title 18, United States Code, Section 215. United States District Judge Richard G. Andrews scheduled a sentencing hearing for March 17, 2015, at 9 a.m.
Sneha Ramesh Mohammadi, 52, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 18 months in prison, to be followed by five years of supervised release, for her involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.