Joseph Pasquale, 38, Worcester, MA, has been charged with with one count of mortgage fraud conspiracy involving bank fraud and two counts of bank fraud. He faces a maximum penalty of 30 years’ imprisonment for each count.
Archives For False Documents/HUD
Five defendants have been sentenced for their roles in a mortgage fraud conspiracy perpetrated in the Eastern District of Texas involving illegal property flipping, falsification of documents, including HUD-1 Settlement Statements, down payment fraud, and loan application misrepresentations.
Five defendants have been sentenced for their roles in a mortgage fraud conspiracy involving down payment fraud in the Eastern District of Texas.
Jason Springer, an attorney, and Rick Makohoniuk, a real estate agent, were both convicted of bank fraud after an eight-day jury trial. Springer was convicted of seven counts of bank fraud, and Makohoniuk was convicted of one count of bank fraud, in connection with a short sale/property flipping scheme.
Ronald Hutchison Jr., 52, Hopewell Junction, New York, a former corrections officer, was sentenced to 28 months in prison for his role in a down payment mortgage fraud scheme arising from the purchases of more than 50 properties in New Haven, Connecticut.
Four defendants were sentenced on February 4, 2015, by U.S. District Judge Richard L. Voorhees for their involvement in a consumer and mortgage fraud conspiracy which resulted in multi-million dollar losses for consumers and federal agencies. Continue Reading…
Karl Oreste, 56, Miramar, Florida, was sentenced to 100 months imprisonment, to be followed by five years of supervised release, and ordered to pay $8,215,197.28 in restitution for his recruitment of straw buyers and other conduct in an $8,000,000 mortgage fraud scheme.
Joseph Brogan, 41, St. Louis, Missouri, pled guilty to multiple fraud charges related to a scheme involving applications for home loans.
Menachem Yosef Levitin (a/k/a Joseph), 29, New Haven, Connecticut, both a property manager and real estate agent, was sentenced to 22 months in prison for his role in a mortgage fraud scheme arising from the purchases of more than 40 properties in New Haven.
11 people, as well as a closing attorney, have been indicted on charges that they allegedly conspired to steal nearly $1 million from lenders through a short-sale mortgage fraud scheme.