Jeffrey Garbinski, 44, Butler, Pennsylvania, pleaded guilty in federal court to charges of conspiracy and money laundering in connection with siphoning money from real estate closings intended to pay off mortgages.
Archives For False Documents/HUD
David Kinney, 54, Woodbridge, Connecticut, was sentenced by Senior United States District Judge Alfred V. Covello in Hartford to 21 months of imprisonment, followed by two years of supervised release, for participating in a mortgage fraud scheme and for making false statements to federal law enforcement.
A 34-count indictment was unsealed charging five people with various crimes stemming from their participation in a mortgage fraud scheme between May 2004 and February 2009 that involved fraudulent documents, inflated purchase prices on loan documents for more than 100 Philadelphia properties and resulted in more than $20 million in fraudulent loan proceeds.
Mark Murphy, 47, Williamstown, New Jersey, was charged by information with participating in a mortgage fraud conspiracy involving more than 100 properties and more than $20 million in fraudulent loan proceeds.
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Kenneth Koehler, 43, Baltimore, Maryland, was sentenced to 18 months in prison followed by two years of supervised release for conspiracy to commit wire fraud in connection with a mortgage fraud scheme in which fraudulent loans were obtained on six properties, all of which subsequently went into foreclosure.
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Quincy Dynell Harrington, Corinth, Texas, has been sentenced for his role in a mortgage fraud scheme.
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George Kubini, 48, Verona, Pennsylvania; Dov Ratchkauskas, 46, Pittsburgh, Pennsylvania; Sandra Svaranovic, 52, Pittsburgh, Pennsylvania; and Arthur Smith, 63, Pittsburgh, Pennsylvania, have been indicted by a federal grand jury on charges of conspiracy, wire fraud, bank fraud, filing false tax returns, and failing to file tax returns.
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James Thomas Webb, 51, has been charged in a 50 count indictment for his alleged role in an appraisal fraud scheme resulting in blighted neighborhoods after borrowers defaulted on the loans.
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David Burrus, Jr., 39, Burns, Tenneesee, formerly of Virginia Beach, pleaded guilty in Norfolk, Virginia, federal court to conspiring to commit mail and wire fraud in conjunction with mortgage loans he obtained from 2005 through 2007.
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Michael Wilkerson, 47, Pottstown, Pennsylvania, and Denise Haines, 43, Birdsboro, Pennsylvania, were convicted of engaging in a scheme to defraud JP Morgan Chase’s predecessor, Chase Manhattan Bank, by fraudulently obtaining home loans valued at more than $6 million
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