Tara Denise Bonelli, 33, Santa Cruz, California, pleaded guilty to promoting false and fraudulent real estate investments by knowingly making false promises about how investor funds were to be invested and repaid.
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Gilbert Chung, Burlingame, California, a real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Ronald Vernon Cupp, Randall Gilbert Heyden and Angelle Wertz have been arrested and charged for their roles in an alleged mortgage fraud scheme targeting struggling Northern California homeowners.
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Hoda Samuel, 60, Elk Grove, California, was found guilty of a conspiracy to commit mortgage fraud and of 30 individual counts of mail fraud after a 10 day jury trial.
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Five people have been arrested by Federal authorities for their alleged involvement in a builder bailout real estate scheme that fraudulently purchased more than 100 condominium units around the country with mortgages that mostly went into default, resulting in foreclosures and millions of dollars in losses.
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Frank Ferris, 71, Sacramento, California, pled no contest to one felony count of grand theft and three misdemeanor counts of collecting illegal up-front fees for loan modification services.
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Karen Hanover, 46, Seal Beach, California, was indicted on mail fraud charges for allegedly running an investment scam that falsely promised ownership in real estate and cost victims more than $2 million.
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William A. Hirst, Pleasanton, California, an attorney, pleaded guilty to one count of making a false statement to the Internal Revenue Service for re-drafting three missing deeds and signing his client’s name.
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David Kaup, 29, San Gabriel, California, who was scheduled to be sentenced for defrauding homeowners, but failed to appear in court, is being sought by the FBI.
Brian Armet, 36, Santa Margarita, California, Rigoberto Hernandez, 37, Santa Maria, California, and Julio Tamayo, 42, Santa Maria, who participated in a complex mortgage fraud scheme, were sentenced to federal prison terms and ordered to pay $2.4 million in restitution to various lenders
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