Thomas Richard Jager, 66, Bettendorf, Iowa, was sentenced by United States Chief District Court Judge James E. Gritzner to 97 months imprisonment, after pleading guilty to four counts of wire fraud for failing to forward monthly remittance payments to investors, providing false reports, failing to distribute lump sum payoffs of mortgages to investors, and transferring money held in escrow to his personal bank account..
Joel Wilson, 31, Saginaw, Michigan, who was extradited from Germany after being on the lam in Europe for more than a year, will proceed to trial for his alleged role in an extensive real estate Ponzi scheme. Wilson allegedly defrauded investors by telling them he would use their funds to purchase distressed properties, then sell them at a profit.
Charles Lightbody, 54, Revere, Massachusetts, Dustin DeNunzio, 37, Cambridge, Massachusetts, and Anthony Gattineri, 56, Winchester, Massachusetts, have been indicted on state and federal charges in connection with their efforts to hide the financial interest of a convicted felon in a parcel of land in Everett, Massachusetts.
Jose Christian Delgado, 39, Las Vegas, Nevada, was arrested in connection with his involvement in a mortgage lending fraud scheme involving five known victims.
Gernot Sebastian Zepernick, Concord, California real estate investor has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Hometown Lenders, LLC, NMLS No. 65084, Huntsville, Alabama, and its owners, William E. Taylor, Jr., William E. Taylor, Sr. and Byron Heath Quick entered into a consent order with the Georgia Department of Banking & Finance to resolve allegations that they employed two felons and transacted business with an unlicensed mortgage processing company.
Anthony Keslinke was charge by superseding indictment in a scheme involving short sale mortgage fraud. The defendant allegedly used straw buyers to purchase real estate throughout Northern California.
Kurosh Mehr, 53, Charlotte, North Carolina, was convicted by a federal jury for his role in a $75 million racketeering conspiracy. According to trial evidence, Mehr was a promoter and buyer in the enterprise’s mortgage fraud operations.
Ronnie Singleton, 41, Lithonia, Georgia, a business owner who held himself out to be an investor and loan broker was sentenced to 27 months in prison for his role in defrauding investors of more than $800,000.
An indictment was filed charging six people, including a couple and their daughter, in a wide-reaching mortgage fraud conspiracy in which the defendants allegedly stripped the equity from the homes of desperate homeowners facing foreclosure. The scheme caused losses to mortgage lenders of approximately $3.8 million.