Alan Tikal, 46, Brentwood, California, was found guilty after a one-day bench trial on stipulated facts by United States District Judge Troy L. Nunley of 11 counts of mail fraud and one count of money laundering. Tikal targeted struggling homeowners, many of whom did not speak English, and promised them that their outstanding mortgage debt would be reduced by 75 percent, among other misrepresentations.
Christopher Jackson, 46, Elk Grove, California, was sentenced to 30 years in prison; Michael Bolden, 60, Sacramento, California, was sentenced to 20 years in prison; and Victor Alvarado, 53, Sacramento, was sentenced to 10 years in prison for their roles in the Diversified Management Consultants real estate Ponzi scheme. .
Michael Rene Berlon, 55, Grayson, Georgia, former attorney, has been arraigned on federal charges of mail and wire fraud in Utah for his role in defrauding clients in an advance fee loan scam.
Filippos Milios, also known as Filip Milios, 55, Newington, Connecticut, pleaded guilty before U.S. Magistrate Judge Donna F. Martinez to conspiracy and money laundering offenses stemming from his role in a mortgage fraud scheme that involved dozens of Connecticut properties.
David C. Jackson, also known as C. David Manns, 53, has been arrested on a federal criminal complaint charging him with operating an advance fee loan fraud scheme that defrauded individuals out of more than $3 million.
Dana Jefferson, 53, O’Fallon, Missouri, has been indicted on multiple fraud charges involving a scheme to lure lenders by falsely representing that he was the beneficiary of a multi-million dollar inheritance. Jefferson made false promises to lenders that once he gained access to his inheritance, he would use the funds to purchase homes for them, or in some cases would repay double the amount of the loan.
Timothy Jon Oliver, 60, a Minnesota attorney, pleaded guilty to felony wire fraud for his role in scheme wherein he took funds from a construction company to secure financing for a nonexistent real estate development project.
Rosaura Hernandez, aka Rosa Diaz, South Ozone Park, New York, was arrested on a charge of grand larceny for allegedly taking funds intended for a loan modification and using them for her personal use.
Don A. Langford, 63, Gibsonia, Pennsylvania, a former senior vice president and chief credit officer of TierOne Bank, a publicly traded commercial bank formerly headquartered in Lincoln, Nebraska, pleaded guilty to defrauding TierOne’s shareholders and regulators by falsely inflating the value of TierOne’s loan and real estate portfolio. Continue Reading…
Fred Todd, 61, Lakewood, New Jersey, admitted his role in a scheme that defrauded investors in connection with several real estate deals and a Facebook IPO.