Kevin Lee Grady Sr., 47, Grand Rapids, Michigan, was found guilty on all counts for conspiracy to commit wire fraud and for commission of wire fraud and a single bank fraud count in conjunction with multiple mortgage loans.
Archives For Appraisal Fraud
Kerry Jon Quam, 46, Eagan, Minnesota, was sentenced on September 7, 2011, to three years of probation on one count of conspiracy to commit mail fraud for his role in submitted false loan applications and fraudulent appraisals to lenders.
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Joshua Brown, 31, New Hampshire, has been sentenced to four years in jail for leading a mortgage scheme that defrauded more than a dozen financial lending institutions and several homebuyers of more than $2 million in connection with the purchase of 26 multi-family properties in the Boston, Massachusetts area.
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Deborah Kitay, 53, Leetsdale, Pennsylvania, was sentenced by United States District Judge Joy Flowers Conti to 18 months in prison for her participation in a mortgage fraud conspiracy involving loan application misrepresentations and appraisal fraud.
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William Doug Mitchell, 50, Fort Worth, Texas, was convicted by a jury after one hour of deliberation for his role in a complex mortgage fraud scheme that targeted homes across North Texas.
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John F. Hochrek, Jr., 50, Spring Grove, Illinois, was sentenced by United States District Judge Lynn S. Adelman to 6 months in prison for his role in a mortgage fraud scheme involving at least 44 residential properties and millions of dollars of loss.
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Morris Olmer, 83, New Haven, Connecticut, was sentenced by Chief United States District Judge Alvin W. Thompson to 60 months of imprisonment, followed by three years of supervised release, for his involvement in an extensive mortgage fraud conspiracy that defrauded lenders of more than $4.4 million.
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James Merrill Roberts was sentenced to 37 months in prison to be followed by 60 months of supervised release in conjunction with Mail Fraud and Money Laundering charges related to a mortgage fraud scheme. In addition, Roberts was ordered to pay $609,991 in restitution.
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Barbara Lynnae Puro, 48, Savage, Minnesota, a real estate agent, has been indicted for her participation in a multi-million dollar mortgage fraud scheme that victimized lenders across the country.
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Richard A. Maize, 53, Beverly Hills, California, a West Los Angeles mortgage banker, has been sentenced to 18 months in federal prison for his role in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employer.
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