Alexander Kaplan, 36, Brooklyn, New York, formerly a Brooklyn-based real estate lawyer and the owner of a title insurance company, was sentenced on Friday, June 17, 2011, in Manhattan federal court to 46 months in prison by United States District Judge Richard J. Holwell for his role in a multimillion dollar mortgage fraud scheme. Kaplan was convicted, on February 6, 2009, of eighteen
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Lloyd V. Barriger, Monticello, N.Y., an investment adviser, was charged with fraudulently offering and selling securities in two upstate New York real estate funds he managed. The allegations include that Barriger told investors in the Gaffken & Barriger Fund (G&B
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Elviston Ramasir, 28, Manorville, New York, the former president of Home Free Realty, Inc., Long Island, New York, a real estate services company, was sentenced to 51 months in prison for committing two separate real estate fraud schemes, to which he pled guilty in January 2011. In one scheme, he stole approximately $1.5 million from an investor by promising huge rates of return on
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After a two-year investigation, four indictments charging 17 people with more than 108 crimes were handed down for their roles in mortgage fraud and identity theft schemes that stole more than $20 million from homeowners, banks, and the County government. Among those arrested are lawyers, mortgage brokers, real estate brokers, bank employees, an appraiser, a financial consultant and one United States Postal worker. The investigation was dubbed “Operation Sweet Deal.”
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Barnett R. Rogers, Orangeburg, New York has been arrested and arraigned for stealing over $175,000 from two former clients that he represented during the sale of their home in Piermont, New York. Rogers is charged with one count of Grand Larceny in the Second Degree, a Class “C” felony.
During the summer of 2004, Mr. Ralph Libone and his wife, Georgia Libone, retained Rogers to
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Steven Carlson, 52, Jamestown, New York, pled guilty before U.S. District Judge Richard J. Arcara to evading the payment of taxes and mortgage fraud. The charges carry a maximum sentence of 35 years in prison, a fine of $1,000,000, or both.
According to court documents, the defendant has a long history in the restaurant business. Carlson evaded the payment of his
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Patrick Reidy, 46, Gansevoort, New York, a Saratoga Springs-based lawyer, was sentenced in Saratoga County Court to 5 to 15 years in state prison for a felony grand-larceny charge stemming from a mortgage fraud scam that took $2.37 million from unsuspecting clients. He was convicted in August 2010, after having pleaded guilty to the charges and agreeing to repay restitution over the next 10 years.
As sole operator of
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Cheddi Goberdhan, 57, Elmont, New York, a real estate attorney, pled guilty before U.S. District Judge Shira A. Scheindlin in Manhattan federal court to a seven-count Indictment charging him with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. Goberdhan made
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Elviston Ramasir, 27, Manorville, New York, the former president of Home Free Realty, Inc., a Long Island real estate services company, pled guilty in Manhattan federal court to committing two separate real estate fraud schemes. In one of the schemes, Ramasir stole over $1.5 million from investors by promising them huge rates of return on investments in properties that he promised to
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Michael Cassadei, 54, Schenectady, New York, was sentenced by Senior United States District Judge Thomas J. McAvoy to twenty-seven (27) months in prison, to be followed by three years’ supervised release, for his role as organizer of a local mortgage fraud scheme. Cassadei also was ordered to make full restitution, due immediately, in the total amount of $135,148.45.
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