Archives For Debt Elimination

Urmila Sri Thakur, also known as Urmila Buddhu-Thakur and Indro Buddhu-Thakur, 72, Wethersfield, Connecticut was charged in a nine-count grand jury indictment with conspiracy, mail fraud and money laundering offenses related to a fraudulent debt elimination scheme.

According to court documents, from 2009 to June 2012, Thakur, her former husband, Deowraj “Deo” Buddhu and their daughter, Sunita Buddhu, sold a debt elimination “program” to vulnerable individuals through various businesses, including Paradise Consulting Service, Hema, Inc., and Secured Redemption. In exchange for substantial fees, Deo Buddhu told victims about a little-known government fund that could be used to pay off their mortgages and other debts. In fact, no such fund exists. Buddhu instructed his victims to stop making payments on their mortgages, credit cards and other debts, and to stop paying their property taxes. He also provided his victims with fictitious promissory notes, which he called “bonds,” as well as other frivolous documentation, and advised his victims to use them to pay their debts.

The indictment alleges that Thakur participated in the scheme by signing documents provided to victims as a witness, taking money from victims in exchange for their participation in the purported program, and managing payroll operations for the various businesses used for the purpose of selling and attempting to sell the program to the victims.

The indictment further alleges that, on June 12, 2012, the day after Deo Buddhu’s arrest, Thakur withdrew $75,000 from a certificate of deposit account that contained funds from the scheme. Thakur also obtained several cashier’s checks, including one for $50,000 made payable to Thakur, which she thereafter negotiated using accounts in the name of SDK SYS Solutions and TRK Consulting Services.

The indictment was returned on February 15, 2017. Thakur appeared before U.S. Magistrate Judge Donna F. Martinez in Hartford, Connecticut, entered a plea of not guilty to the charges, and was released on a $250,000 bond.

The indictment charges Thakur with one count of conspiracy to commit mail fraud and wire fraud, one count of mail fraud and seven counts of money laundering. If convicted, she faces a maximum term of imprisonment of 20 years for the conspiracy count, 20 years for the mail fraud count and 10 years on each count of money laundering.

Deo Buddhu and Sunita Buddhu were previously convicted in Hartford federal court.

Deirdre M. Daly, United States Attorney for the District of Connecticut announced the indictment. The matter is being investigated by the Internal Revenue Service – Criminal Investigation Division and the U.S. Department of Housing and Urban Development – Office of Inspector General. The case is being prosecuted by Assistant U.S. Attorneys John T. Pierpont, Jr. and Liam Brennan.

Alan David Tikal, 46, the principal operator of a large-scale mortgage fraud/mortgage elimination scheme, was sentenced to 24 years in prison.

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Jerry Elmo Hartsoe, 57, West Columbia, South Carolina; James Chappel Dew, 59, North Myrtle Beach, South Carolina; and Mark Shannon Manuel, 49, Franklin, Tennessee, were found guilty after a jury trial on eight counts of mail fraud.

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Melanie Ferreira, 61, Lagrangeville, New York, was found guilty on all counts of a four-count Indictment that charged her with engaging in a series of frauds, which included cheating the Internal Revenue Service (“IRS”) out of nearly half a million dollars, and perpetrating a bank fraud scheme.

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William Chrissikopoulos, 43, Las Vegas, Nevada, Alan Dornhuber, 63, Las Vegas, and Lynda Finch-Estrada, 54, Las Vegas, who were indicted in April 2013, by a Clark County grand jury for their operation of a mortgage lending fraud scam, are being sought by the Nevada Attorney General.

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Jennifer McTigue, 46, and Sakara Blackwell, a/k/a: Dawn Sakaguchi, 38, both of Honolulu, Hawaii, were arraigned in United States District Court after a federal grand jury returned a forty-five (45) count indictment against them and Marc Melton, 43, for fraud, money laundering and other offenses relating to a debt elimination scheme to defraud lending institutions, buyers of real property and escrow companies through a process of filing fraudulent mortgage release documents with the Hawaii Bureau of Conveyances.

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Yanay Aguirre, 24, Las Vegas, Nevada, Maria Lorena Anzu, 39, in custody in the Clark County Detention Center, Jose Benjamin Rodriguez, 39, (whereabouts unknown), Rodolfo Cruz, 75, Las Vegas, Silvia Patricia De La Cruz, 34, Franklin David Marquez, 49, in custody in Los Angeles County Jail, Jose Gilberto Navidad, 54, in custody in the Clark County Detention Center, and Roberto Vargas, 51, Hesperia, California, have each been charged with multiple counts of mortgage lending fraud and theft.

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Francis Santore, a/k/a Frank Martin, 53, Northfield, New Jersey, a former employee in the New Jersey offices of the Vacation Ownership Group LLC admitted that he conspired to defraud owners of timeshare properties by offering phony consulting services and debt elimination while also illegally collecting unemployment benefits.

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Gary Dimattia, 62, Las Vegas, Nevada, pled no contest in connection with his operation of a mortgage lending fraud scam, including four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.

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Eric Reilly, 34, Galloway, New Jersey, a former employee of The Vacation Ownership Group LLC, admitted to conspiring to defraud owners of timeshare properties.

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