Derrick Reuben Smith, 47, Midwest City, Oklahoma, was sentenced by United States District Judge Timothy D. DeGiusti to serve forty months in federal prison for his role in a conspiracy to commit wire fraud in connection with mortgage loans.
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Alex Gambini, 44, Greeley, Pennsylvania, the former owner of a financial services firm was sentenced to spend more than four years in prison for participating in a scheme to fraudulently inflate mortgages during 1999-2002.
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Robert Alexander, 36, Phoenix, Arizona pleaded guilty for his role as a real estate agent representing buyers who purchased multiple homes with loan applications containing false information and concealing from the lenders “kick backs” to the buyers.
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Two residential real estate appraisers are among 14 defendants who allegedly engaged in three separate mortgage fraud schemes involving four homes. Federal agents posed as straw buyers of houses, seeking assistance in financing and closing fraudulent mortgage transactions.
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Jose Arnaldo Rosario, Miami-Dade County, Florida, pled guilty to conspiracy to commit money laundering and wire fraud, in violation of Title 18, United States Code, Section 371. At sentencing, Rosario faces a maximum term of imprisonment of five years. Sentencing is scheduled for August 3, 2011 at 1:30 PM in Miami, FL, before U.S. District Judge Jose A. Martinez.
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A total of 13 defendants have been indicted in Ohio on mortgage fraud offenses involving nearly 13 million dollars in fraudulent loans, 9 of which worked for Argent Mortgage Company.
Denise (O’Brock) Kobus – Argent account manager
James J. Goldberg, who did business as JJG Real Estate Appraisal Services (“Goldberg“), and Robert Micheline, who did business as P&M Appraisals (“Continue Reading...
The U.S. Attorney’s Office for the District of Columbia has successfully built upon the efforts of Operation Stolen Dreams, a nationwide initiative against mortgage fraud, with prosecutions of defendants accused of crimes that resulted in losses of more than $10 million. Those convicted include:
Ronald Johannes Sneijder, Herndon, Virginia, 48, a former owner of a title and escrow company based in the District of Columbia.
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Joseph Bowen Brown, 30, pleaded guilty in federal court conspiracy to commit wire fraud in a mortgage fraud scheme based in Phoenix, Arizona. Five others have entered guilty pleas in the same scheme and are awaiting sentencing.
As previously reported by Mortgage Fraud Blog, and as confirmed by his guilty plea,Continue Reading...
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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