Robert Ponte, 59, Denville, New Jersey, was sentenced by U.S. District Judge Robert N. Chatigny in Hartford, Connecticut, to 90 months of imprisonment, followed by five years of supervised release, for his role in two investment schemes that involved at least 100 properties, and more than $23 million in losses to lending institutions.
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Michele Carducci, 37, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution and making false statements to a federal agency.
11 companies and five individuals have been charged with running an illegal mortgage relief scheme, which operated under various names.
Lawrence Allen Wright, 46, Niceville, Florida, was sentenced to 75 months in federal prison and ordered to pay more than $3.7 million in restitution.
James Thomas Webb, 52, Leland, North Carolina, a former real estate developer, was sentenced to 327 months imprisonment, followed by five years of supervised release. The court further ordered that Webb make total restitution of $11,946,739.80 to his victims.
Jose Filgueiras, 43, and his wife, Raquel Filgueiras, 39, both of Miami, Florida, were sentenced for their roles in a $2.4 million mortgage fraud scheme.
Seven defendants have been charged with running an alleged mortgage fraud scheme which resulted in the approval of approximately $49.6 million in fraudulent loans, and millions in losses to the lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank. The properties referred to in the indictment consist of multiple vacant lots in a community development in North Carolina.
Gregory Wayne Eagle, 63, Cape Coral, Florida, was sentenced by U.S. District Judge John E. Steele to six years in federal prison for bank fraud, mail fraud, and wire fraud.
Eight people were indicted for their roles in a $40 million mortgage fraud conspiracy involving dozens of properties along Florida’s Gulf Coast.
Ten individuals have been indicted and charged for the roles in an alleged loan modification fraud scheme.