Diana Yates, former Chief Financial Officer of the Bank of Oswego (Oregon), Sherwood, Oregon and Dan Heine, former Chief Executive Officer of the Bank of Oswego, Naples, Florida, were indicted by a grand jury and charged with one count of conspiring to defraud The Bank of Oswego and 26 counts of false entries in bank records. Both were arrested on Friday, June 26, 2015 and Yates made her appearance in Portland, Oregon before the Honorable John Acosta. Heine was arraigned in the Middle District of Florida and will make an appearance in the District of Oregon on a later date. Continue Reading…
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You know those people who live in foreign countries and place calls into the US in an attempt to defraud people here? Those calls your mother or grandfather receive telling them that they won $1,000,000 in the Jamaican lottery and will receive the money as soon as they wire $20,000 to cover the taxes and administrative costs?
I was very pleased to read that the U.S. extradited Damian Bryan Barrett from Jamaica and prosecuted him for his role in an international lottery scheme perpetrated against elderly victims in the United States. The prosecution is part of the United States’ ongoing crackdown on fraudulent international lottery schemes. Continue Reading…
Adam Lacerda, 31, Egg Harbor Township, New Jersey, was sentenced to 324 months in prison for his role in a $3 million conspiracy to scam customers by offering phony consulting services to owners of timeshares through the New Jersey-based Vacation Ownership Group LLC. Lacerda was convicted in September 2013 of one count of conspiracy to commit mail and wire fraud, nine counts of mail fraud and three counts of wire fraud flowing a seven-week trial before U.S. District Judge Noel L. Hillman in Camden, New Jersey federal court.
According to documents filed in this case and the evidence presented at trial: Continue Reading…
James Richard Currey, 55, Winter Park, Florida, was sentenced in federal court on one count of conspiracy to commit mail and wire fraud in connection with telemarketing of timeshares. Currey was sentenced to one year in prison, to be followed by five years of supervised release and was ordered to pay $67,137.50 in restitution to the individual victims. Continue Reading…
Jasper Buck, 59, formerly of Westminster, Maryland and elsewhere including Sanford, Florida and Lake Mary, Florida, pled guilty to mail fraud arising from an investment fraud scheme in which Buck stole more than $1.96 million from clients.
According to his plea agreement, Buck worked for mortgage companies, but held himself out to investors as an experienced investment advisor. Buck admitted that from October 2006 through at least December 2014, he told his victims that he was a representative of Portfolio Financial Group (PFG). Buck told the victims that PFG would loan money provided by the victims to borrowers who needed funds quickly or were unable to obtain traditional bank loans and were therefore willing to pay a higher interest rate on the loans. In fact, there were no such borrowers, and Buck used the victims’ money for his own personal use or to further his fraud scheme. Continue Reading…
Dwayne Onque, 47, Belleville, New Jersey, Mashon Onque, 44, East Orange, New Jersey, and Nancy Wolf-Fels, 58, Toms River, New Jersey, were sentenced for their respective roles in conspiring to defraud financial institutions as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Grady Wayne Fricks, 65, Nashville, Tennessee, pleaded guilty to conspiracy charges arising out of a scheme to defraud Cornerstone Community Bank, Dalton, Georgia, using false appraisals, settlement statements and misrepresentations to qualify for more than a million dollars in loans.
Ravindranauth “Ravi” Roopnarine, 55, Guyana, was indicted on charges stemming from his leadership and participation in an extensive mortgage fraud scheme, which resulted in the issuance of more than $50 million in fraudulent mortgage loans. The co-conspirators then used the proceeds to purchase additional properties, fund pre-existing fraudulent mortgage loans, and pay kickbacks to the straw buyers.
Julian Martin Gaspar Vazquez, 52, Mexico, was sentenced on May 22, 2015, by United States District Judge William P. Dimitrouleas, to forty-one months imprisonment, to be followed by five years of supervised release for executing a $4 million dollar bank fraud scheme.
Timothy Ricks, 47, East Orange, New Jersey, was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.