Robert Timothy Koger, 48, formerly of Oakton, Virginia, the president of an international brokerage firm, was sentenced to 11 years in prison for conducting a wide-ranging set of fraud schemes involving the sale of several properties. Koger located legitimate buyers at fair market price, then he recruited straw buyers with whom he arranged the sale for considerably less than the legitimate buyers in exchange for a kickback when the straw sold the property to the legitimate buyer.
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Robert Bacon, 35, West Newbury, Massachusetts, was sentenced by U.S. District Judge Kenneth Marra to 72 months in prison, to be followed by three years of supervised release and payment of restitution in an amount to be determined. Bacon is one of ten defendants in a scheme to bilk thousands of homeowners who were struggling to make their mortgage payments.
Brandon Bolger, 40, Chicago, Illinois, pleaded guilty to conspiracy to commit wire, mail and bank fraud for failing to disclose to purchasers’ mortgage lenders material facts about the financing of the sale of condominium units.
Darryl Burke, 50, and Vicki Garland, 50, both of Delray Beach, Florida, were sentenced by U.S. District Judge James I. Cohn for their roles in a multi-million dollar bank fraud scheme spanning from at least 2002 through 2013, wherein they used fake documents, including false wage and tax documents, and false claims of employment and income, to obtain bank loans for investment properties in low-income neighborhoods.
Luis Michael Mendez, 44, and Wilkie Perez, 39, both of Miami, Florida, pleaded guilty to participating in a mortgage fraud scheme involving the sale of condominium units to straw buyers in the Miami area.
Robert Kahan, 68, Sunny Isles Beach, Florida, the developer of three Trenton, New Jersey, affordable housing projects admitted that he made false statements to a financial institution to divert project money for personal and other unauthorized purposes, and to conducting a transaction with the proceeds of this crime.
Gregory Fusca, 46, Palm Beach Gardens, Florida, was sentenced to 170 months in prison, in connection with his operation of RC Innovations, Inc. (RCI), a fraudulent timeshare company located in Palm Beach County. Among the false representations for which he was sentenced were claims that: RCI had buyers for their timeshare units; RCI had closing scheduled for their timeshares; and that RCI would actively market their timeshares to potential buyers.
Karl Oreste, 56, Miramar, Florida, pled guilty before U.S. District Judge Robert N. Scola, Jr., to one count of conspiracy to commit wire fraud affecting a financial institution, in violation of Title 18, United States Code, Section 1349. The defendant and his co-conspirators operated a multi-million dollar straw buyer mortgage fraud scheme.
Pedro “Pete” Benevides, 44, Astatula, Florida, pleaded guilty to conspiracy to commit bank fraud and faces a maximum penalty of 30 years in federal prison for his role in obtaining 20 commercial and residential loans based on false information and documents.
Joseph Daniele, 42, Tampa, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich to 10 years and 1 month in federal prison for conspiracy to commit wire fraud. Daniele illegally flipped approximately 80 homes across Florida using a “no money down” scam.