Richard Pilewicz, 54, Scottsdale, Arizona, an unlicensed real estate agent, pleaded guilty to federal bribery charges for offering to pay thousands of dollars to an individual he believed was a Bank of America employee in exchange for shortened approval times and lower appraisal values in short-sale transactions.
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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...
Brett Matheson, 46, pleaded guilty in federal court to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix, Arizona. Two others have also entered guilty pleas and are awaiting sentencing.
Matheson acknowledged in his guilty plea that as President and CEO of Continue Reading...
Thomas Gregory Alexander, 60, San Diego, California, a loan originator, pleaded guilty to 10 felony counts for his role in a multi-million-dollar mortgage fraud scheme. Alexander entered guilty pleas for one count of Conspiring to Commit Wire Fraud and nine counts of Wire Fraud before U.S. Magistrate Judge David K. Duncan. He will be sentenced on September 19, 2011, before
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Guillermo Ricardo De La Vara, 68, Phoenix, Arizona, has been sentenced in Maricopa County Superior Court to three-and-a-half years in prison on charges of theft and fraudulent schemes and artifices.
Over a two-year period from 2005 to 2007, De La Vara fraudulently obtained millions of dollars from investors by selling promissory notes and interests in deeds of trust, called
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Ammar Dean Halloum, 46, Phoenix, Arizona, a former real estate agent, has pleaded guilty to felony charges in connection with a fraudulent real estate transaction with an elderly Tucson resident.
At a hearing before Judge Richard S. Fields in Pima County Superior Court, Halloum pleaded guilty to one count of theft/financial exploitation of a vulnerable adult and one count of
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Bobby John Herrera, 33, Glendale, Arizona, has been sentenced to five years in prison as the result of a mortgage loan assistance scam he orchestrated that victimized 47 Valley homeowners. Herrera was also ordered to pay $80,541 in restitution to victims.
Richard Winer, 33, Tempe, Arizona, has been sued by Attorney General Terry Goddard for an alleged foreclosure rescue operation believed to have defrauded approximately 400 Arizonans of their homes.
The Complaint alleges that between 2003 and 2007, Winer, through his limited liability
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