LaShawn K. Ford, 40, Chicago, Illinois, an Illinois State Representative who also invested in real estate in Chicago, was indicted on federal bank fraud and related charges for allegedly fraudulently obtaining a line of credit from the failed ShoreBank and obtaining multiple advances by making false statements about his intended use of the funds.
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Bruce Hawkins, 62, formerly of Algonquin, Illinois, the prior owner of a home building company that went bankrupt in 2008 leaving unfinished a commercial and residential property development in northwest suburban Algonquin, is facing federal bank fraud charges related to the collapse of the project.
Cherron Marie Phillips, 42, Chicago, Illinois, has been indicted for filing false liens against the real property of a dozen federal employees in the Northern District of Illinois.
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Bassam Hajyousif, 44, Oak Park, Illinois, pleaded guilty to defrauding a bank of approximately $48.8 million involving two failed condominium conversion projects in downtown Chicago, Illinois, that he and a partner were involved with between 1999 and 2003.
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Francis X. Sanchez, 52, Woodstock, Illinois, was sentenced in federal court by U.S. District Judge Philip G. Reinhard to 136 months in prison for conducting a $7 million fraud scheme.
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James Pilon, 68, and Verna Pilon, 59, Joliet, Illinois, have been sentenced to federal prison terms for engaging in a brazen investment fraud scheme that swindled more than $1 million from approximately 40 victims, causing some of them to lose their homes and financial security while the couple spent the money primarily on themselves.
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Steven Klebosits, 40, St. Charles, Illinois, Thomas Hyland, 40 Glen Ellyn, Illinois, Joseph Natalizio, 39, Bloomingdale, Illinois, Diomede Cardone, 32, Addison, Illinois, Jason Strever, 30, formerly of Sandwich, Illinois, Joseph Abate, 48, Downers Grove, Illinois, and Yusef Allan, 31, Chicago, Illinois were indicted for allegedly participating in a scheme to fraudulently obtain more than 20 residential mortgage loans totaling approximately $8.5 million from various lenders.
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John Farano, 50, Palos Park, Illinois, and Charles Murphy, 65, Chicago, Illinois, both attorneys, were sentenced along with two others following their convictions for participating in a multi-million dollar mortgage fraud scheme involving at least 40 residential properties.
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Jason Dade, 37, Chicago, Illinois, a licensed real estate agent and the owner of Round Table Enterprises, Inc., Cheryl Ware, 47, Shorewood, Illinois, a licensed loan originator, Tiffini Chism, 36, Glenwood, Illinois, also a licensed loan originator, and Tamika Peters, 34, Country Club Hills, Illinois were indicted for allegedly participating in a scheme to fraudulently obtain at least 42 residential mortgage loans totaling approximately $9.1 million from various lenders.
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A Chicago area real estate investor, the president of a Colorado real estate financing company, and a licensed appraiser were indicted for allegedly participating in a scheme to fraudulently attempt to obtain mortgage loans totaling more than $750,000 by selling three residential properties in Chicago to nominee buyers.
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