Archives For Commercial loan fraud

Abolghasseni “Abe” Alizadeh, 56, Granite Bay, California, and Mary Sue Weaver, 62, Roseville, California, are the subjects of a 21-count indictment charging them with various counts of mail, wire and bank fraud in connection with schemes to defraud lenders in large commercial real estate transactions between mid-2004 and April 2008.

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Brett C. Lillemoe, 45, Minneapolis, Minnesota, Pablo Calderon, 59, Darien, Connecticut, and Sarah Zirbes, 39, Minneapolis,  were charged by a federal grand jury with conspiracy, fraud and money laundering offenses related to a multi-million-dollar scheme to defraud banks.

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Andre Lamont Chenier, 41, Houston, Texas, has been arrested on allegations he engaged in an eight-year bank fraud, identity theft and money laundering scheme. Chenier allegedly submitted a personal financial statement that listed fictitious assets as well as tax returns that contained the Social Security number of someone else.

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Joe Spaqi, 60, Cleveland, Ohio, has been indicted and charged with fraudulently obtaining nearly $1 million from the now-closed St. Paul Croatian Federal Credit Union.

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Michael Pitamber Ramdat, 30, Palm Bay, Florida, was sentenced to 21 months in prison and ordered to pay restitution for a fraud scheme he perpetrated against business owners and others seeking lines of credit around the nation.

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Steven J. Moorhouse, 62, Sandwich, Illinois, pleaded guilty before U.S. District Judge Frederick J. Kapala to a charge of making a false statement to a financial institution.  Moorhouse admitted providing a lender with false documents concerning his business assets.

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David C. Jackson, also known as “C. David Manns,” “Charles Jackson” and “Andrew D. Smithson,” 53, and Alex Hurt, also known as “Alex Dante,” 45, have been indicted and charged with various offenses related to an advance fee loan fraud scheme that defrauded individuals out of several million dollars.

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Steven Alan Standridge, 58, Mount Ida, Arkansas was sentenced to 60 months in prison followed by three years of supervised release and victim restitution totaling $7,096,417.35 for his role in obtaining loans using false and fraudulent information.

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Octavio Lombardo, a/k/a Otto Lombardo, 67, was arrested on wire fraud charges stemming from his advance fee loan scheme, which allegedly defrauded victims of more than $1 million.

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Michael Rene Berlon, 55, Grayson, Georgia, former attorney, has been arraigned on federal charges of mail and wire fraud in Utah for his role in defrauding clients in an advance fee loan scam.

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