Sergio Martinez, 35, Tucson, Arizona, is the subject of an indictment, which was returned by a federal grand jury on March 29, 2012, and now unsealed, which charges the former loan officer with bank fraud, false statement to influence a financial institution, wire fraud, and conspiracy to commit wire fraud.
Continue Reading...Archives For Arizona
Eitan Maximov, 40, a citizen of Israel and lawful permanent resident of the United States, was sentenced by U.S. District Judge David G. Campbell to nearly eight and half years in federal prison for his leadership role in a cash back mortgage fraud scheme.
Continue Reading...
Joseph N. Gagliano, 43, Scottsdale, Arizona, was arraigned on a seven-count indictment charging three counts of bank fraud, one count of wire fraud, and three counts of false loan and credit applications in connection with loan application misrepresentations to obtain a mortgage and small business administration loan.
Continue Reading...
Robert Alexander, 36, Phoenix, Arizona, was sentenced to 30 months in prison by U.S. District Court Judge James A. Teilborg. Alexander, a real estate agent, represented buyers who purchased multiple homes with loan applications containing false information and concealing from the lenders “kick backs” to the buyers.
Â
Continue Reading...
Luis Belevan, Phoenix, Arizona, was sentenced on February 27, 2012, by U.S. District Judge James A. Teilborg to 60 months’ imprisonment for his role in a 2009-2010 mortgage rescue scheme that affected at least 1,800 local distressed homeowners.
Eitan Maximov, 39, a citizen of Israel and lawful permanent resident of the United States, was convicted after a six-day jury trial on one count of conspiracy to commit wire and bank fraud and one count of wire fraud as a result of his leadership in a cash-back mortgage fraud scheme that took place during 2006-2008.
Continue Reading...
Talal Ashek, 42, Holland, Arizona, was sentenced to two years in federal prison by U.S. District Judge Neil V. Wake and ordered to pay over $2.9 million in restitution for his role in a mortgage fraud conspiracy.
Continue Reading...
Jaco Huguet, 29, Phoenix, Arizona, a former loan officer, was sentenced by U.S. District Court Judge Frank Zapata to 24 months in federal prison for his role in conspiracy to defraud lenders.
Continue Reading...
Consumers are being warned to be wary of any notices or advertisements that claim to offer homeowners facing foreclosure “complete forgiveness of the loan” or other monetary relief if they join a class-action lawsuit. Such ploys are likely a pretext to collect illegal up-front fees for foreclosure assistance.
Continue Reading...
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.
Continue Reading...