Archives For Falsified HUD1

Antonio Pimenta, 47, Neshanic Station, New Jersey, admitted his role in a scheme that used straw buyers and phony loan documents to fraudulently obtain a $400,500 loan on a property in Irvington, New Jersey.

According to documents filed and statements made in court: Pimenta owned and managed Kelmar Construction Co. Kelmar built multiple properties in Irvington, New Jersey. These properties were sold to straw buyers utilizing fraudulent mortgage loans brokered by loan officer, Klary Arcentales, 47, Lyndhurst, New Jersey, and closed by settlement agent Linda Cohen, 57, Orange, New Jersey, who used fraudulent settlement statements to hide the true sources and destinations of the mortgage funds. The straw buyers had no means of paying the mortgages, and many of the properties entered into foreclosure proceedings. Continue Reading…

Christopher Brecciano, 37, of Stamford, Connecticut was sentenced  to 14 months of imprisonment, followed by five years of supervised release, for conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County, Connecticut.

According to court documents and statements made in court, between 2006 and 2010, Brecciano, while working as an associate at a Stamford law firm, participated in mortgage fraud conspiracy that involved the purchase of numerous single and multi-family properties, primarily in Bridgeport, Norwalk and Stamford, Connecticut. Brecciano acted as a closing attorney for at least 50 mortgage loan transactions in which materially false information was provided to mortgage lenders by Brecciano or his co-conspirators. The fraudulent information included false verifications of down payments for real estate transactions, false deeds, and false HUD-1 Forms. In many of the transactions, Brecciano knew that the borrower was a “straw buyer,” and that other individuals intended to control the property and collect rent from the property. In many transactions, Brecciano distributed mortgage loan funds to the straw buyer and other co-conspirators at the closing. Continue Reading…

Joseph Brogan, St. Louis, Missouri, was sentenced to 14 months in prison and ordered to pay more than $350,000 in restitution after pleading guilty to multiple fraud charges related to a scheme involving applications for home loans.

According to court documents, Brogan was employed as a loan officer for USA Mortgage, Inc. where he handled both conventional mortgages and FHA loans.  Michael Wallis owned and operated a company known as Missouri Builders and Home Remodeling (Missouri Builders), which performed interior construction and remodeling work on houses.  Continue Reading…

Gabriel Serrano, 47, West Hartford, Connecticut, waived his right to indictment and pleaded guilty before United States Magistrate Judge Donna F. Martinez in Hartford to conspiracy charges stemming from his role in an extensive mortgage fraud scheme. Serrano, an attorney, is a partner in the law firm of Serrano & Serrano, LLC.

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George Anderson, 55, Copperopolis, California, a man who orchestrated a double escrow mortgage fraud scheme involving eight houses in the Las Vegas, Nevada area, has been sentenced to 5½ years in federal prison, three years of supervised release, and ordered to pay over $3.5 million in restitution.

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Josephine Santana, 57, a mortgage broker, of Miami-Dade County, Jose Rafael Martinez, 36, of Miami-Dade County, and Basilio Gomez, 52, of Miami-Dade County, pled guilty to charges of conspiracy to commit mail fraud in connection with a multi-million dollar mortgage fraud scheme at the luxury Jade apartment complex

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Scott Eric Perry, 35, Brookwood, Alabama, was sentenced to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham, Alabama area.

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James Delbert McConville, 61, Fremont, California, was sentenced to 93 months in prison, and ordered to pay more than $7 million in restitution for conspiring to commit mail and wire fraud related to approximately 80 fraudulent loan applications secured by real property in Escondido and San Marcos, California.

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Jacquelyn Drago-Hunter, 61, Merrillville, Indiana, a defendant in the case US v Haymon et al., was sentenced by Judge Rudy Lozano to 15 months imprisonment and 1 year of supervised release after pleading guilty to the felony offense of wire fraud in a mortgage fraud scheme.

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David Kinney, 52, New Haven, Connecticut, a licensed attorney, pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy and one count of making a false statement for his role in a mortgage fraud conspiracy.

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