Archives For Commercial loan fraud

Eva Barroso, 54, Broken Arrow, Oklahoma, a former manager of a credit union was sentenced to serve 27 months for each count of bank fraud and tax evasion for fabricating at least three false loans in the name of nominee entities and individuals without the knowledge and authorization of the purported borrower

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Timothy P. Fitzgerald, 56, Leawood, Kansas, pleaded guilty in federal court to taking part in a fraud scheme wherein he falsified asset information to obtain a loan, which ultimately cost the Bank of Blue Valley more than $877,000.

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Michael C. Kaufman, Pittsford, New York, who was convicted following a federal jury trial of conspiracy to commit bank and loan fraud, as well as bank and loan fraud, was sentenced to a 12 months in prison and ordered to pay restitution in the amount of $1,360,893.72 by U.S. District Judge Frank P. Geraci.

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Matthew Amato, 31, Philadelphia, Pennsylvania, was charged in an criminal Information with one count of making false statements to banks. Amato allegedly made false claims to influence lenders to approve his loan application.

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Christopher Shawn Linton, 35, Alabaster, Alabama, was sentenced to five years and 11 months in prison for his role in an investment fraud scheme through which he submitted a fraudulent loan application to Iberia Bank for a $908,650 loan, and took more than $2.8 million from 12 investors spending the funds on a lavish home, private jets, championship football trips and island vacations.

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Michael Edward Filmore, 52, Chesterfield, Missouri, was sentenced on May 22, 2014, to four years in federal prison for defrauding TARP recipient Pulaski Bank in obtaining at least 15 loans and more than $6 million in financing.

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Hrong Arman Gasparian, 67, Fishers, Indiana, was convicted of 10 counts of wire fraud after a three-day jury trial before U.S. District Judge Sarah Evans Barker.  He was convicted for his involvement in two fraudulent schemes that swindled prospective borrowers of hundreds of thousands of dollars.

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Jayesh Dahyabhai Patel, 48, Knoxville, Tennessee, has been indictment and charged with five counts of bank fraud. Patel allegedly provided false income tax returns for himself and his businesses to induce First Community Bank to issue the loan.

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Jeong Joon Moon, a/k/a Patrick Moon, 46, Germantown, Maryland, has been indicted on charges arising from a scheme to defraud financial institutions.

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William Glasgow, 72, Town and Country, Missouri, James Crews, 56, Wentzville, Missouri, and Michael Hilbert, 62, St. Charles, Missouri, surrendered on January 10, 2014, to authorities on two separate indictments alleging bank fraud against TARP recipient Excel Bank.

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