Alex Soria, 68, Las Vegas. Nevada, and Sonia Rodis, 54, Las Vegas, each pled guilty to one count of pattern of mortgage lending fraud, a category “B” felony, in connection with a mortgage fraud scam that operated under the name BioGreen Teck, LLC.
Donald V. Totten, 58 Oakland, California, who had previously operated a lucrative mortgage business from his Rancho Santa Fe home, was sentenced to 30 months in prison by U.S. District Judge Michael M. Anello for orchestrating a host of mortgage fraud schemes.
Mohammed Rafikian, aka Mo Kian, 54, Queens, New York, has been re-sentenced to a term of 16 to 50 years in prison after being tried again and re-convicted of holding himself out as an attorney and a registered investment advisor and then stealing $5 million from seven individuals through fraudulent real estate and capital investment transactions.
Brandon Lynn Barber, 38, New York, New York, was sentenced to 65 months in prison and three years of supervised release for conspiracy to commit bankruptcy fraud, conspiracy to commit bank fraud, and money laundering for his role in providing false and fraudulent financial information and statements to Lenders in connection with loans to finance real property developments.
Vincent Singh, 45, formerly of Elk Grove, California, was sentenced by United States District Judge Morrison C. England Jr. to 15.5 years in prison for wire fraud and false statements in bankruptcy for stealing funds intended for hard money lending.
Intermundo Media, LLC, using the name Delta Prime Refinance, an Internet-based operation that finds potential borrowers for mortgage refinancing lenders, will pay a $500,000 civil penalty to settle charges that it deceived borrowers with false claims that they could refinance their mortgages for free.
The U.S. Circuit Court of Appeals for the Sixth Circuit has issued a decision upholding a district court ruling that several defendants based in the United States and Canada deceived consumers through a telemarketing scheme designed to sell them phony mortgage assistance and debt relief programs.
A fraud alert has been issued for all property owners of Miami-Dade County, Florida. Taxpayers are being targeted via a fraudulent letter, which claims that property owners can receive “a 5% discount property tax relief” if they have a running Home Equity Line of Credit.
Craig S. On, 62, Berkeley, California, CFO of United Commercial Bank, was charged in a criminal Information with one count of Conspiracy to Make a Materially False and Misleading Statement to an Accountant, for his role in an alleged scheme to defraud auditors by decreasing borrower defaults, which allowed the bank to increase its net assets on the balance sheet and increase net income on the income statement.
Jeremy Michael “Mike” Head, 34, Huntington Beach, California, was sentenced to 10 years in prison for a nationwide foreclosure rescue scam. The case began on February 28, 2008, when a grand jury indicted Mike Head, his brother Charles Head, and 14 other defendants with violations of mail fraud, conspiracy to commit mail fraud, and other charges. Eleven of Heads co-defendants have entered guilty pleas.