Barry C. Westergom, 60, Jacksonville, Florida, has been sentenced to four years in federal prison for conspiracy to commit wire and bank fraud. The court also ordered restitution in the amount of $866,141.62 and entered a money judgment for $100,000, the amount that Westergom had obtained from the fraud. Westergom had Continue Reading...
Archives For Appraisal Fraud
Wayne Puff, 61, Old Bridge, New Jersey, the ringleader of a massive Ponzi scheme which defrauded hundreds of investors and mortgage lenders of more than $100 million through a purported real estate investment business, was sentenced to 216 months in federal prison and ordered to pay approximately $101.1 million in restitution and to serve 3 years of supervised
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Barry C. Westergom, 60, Jacksonville, Florida, pleaded guilty to conspiring to commit wire and bank fraud. Westergom faces a maximum penalty of thirty years in federal prison and a fine of $1million.
According to court documents, the charges arise out of Westergom‘s involvement in a scheme in which a co-conspirator, Juan Carlos
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Ronald Brvenik, Prince Frederick, MD, a real estate appraiser licensed in the state of Maryland, was charged in 2003, along with 9 others, for allegedly providing false appraisals in an illegal flipping scheme. The charges against Brvenik were dismissed before trial. Brvenik then moved to obtain an order against the
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12 defendants and 3 companies were indicted on mortgage fraud offenses, including engaging in a pattern of corrupt activity, a first degree felony, for securing $14,766,515 in fraudulent loans used to purchase seven homes in Cuyahoga, Ottawa and Lucas counties, Ohio. Six of the seven houses fell into foreclosure. The
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