Kathy Chen, 49, Westminster, California, a real estate broker, was convicted of conspiring with her boyfriend and his brother to commit $17.5 million in real estate fraud by purchasing 35 properties using stolen identities and intentionally defaulting on loans in order to steal the loan money. Chen was found guilty by a jury of 136 felony counts including one count of
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D’Von Massey, 37, Waldorf, Maryland, pleaded guilty to conspiring to commit wire fraud in connection with making false statements to obtain three home mortgages within a three month period.
According to Massey’s plea agreement, between June 2007 and September 2007, Massey and others submitted three mortgage applications
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Stafford A. Hilaire, 59, Aurora, Colorado, was sentenced to serve 32 months in federal prison for conspiracy to defraud the United States and conspiracy to commit money laundering. Following the prison term, Hilaire was ordered to spend 2 years on supervised release. Hilaire was also ordered to pay restitution totaling
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Olusola Idowu, 57, Hagerstown, Maryland, was convicted by a federal jury on charges of wire fraud, bankruptcy fraud, making false statements in a bankruptcy proceeding, filing a false tax return and failing to file a corporate tax return.
Idowu was the owner and president of SSS Nutrition & Dietetic Care Services (SSS
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Ruben Rojas, 30, Vienna, Virginia, was sentenced to 60 months in prison, followed by five years of supervised release, for leading a mortgage fraud scheme that caused more than $9 million in losses. Rojas was also ordered to pay restitution in the amount of $9.5 million. A lawful permanent resident from Bolivia, Rojas will
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Joseph Miller, 63, Palm Beach Gardens, Florida, pled guilty to conspiracy to commit mail and wire fraud (Count 1), in violation of Title 18, United States Code, Section 1349. Sentencing has been scheduled for August 9, 2010 at 10:30 am.
According to documents filed with the court and as previously reported on
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Francis Alan Schmitz, also known as “F. Alan Schmitz,”58, Long Grove, Illinois, was arrested on federal charges alleging that he fraudulently obtained a $2.85 million bank line of credit year resulting in a loss of approximately $2.4 million. The defendant, Francis Alan Schmitz, a former bank executive, allegedly provided false financial information in seeking bank funds
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John Pereless, 42, Colts Neck, New Jersey, has been convicted of one count of second degree Conspiracy to Commit Theft by Deception, eight counts of second degree Theft by Deception, eight counts of fourth degree Securing Execution of Documents by Deception and eight counts of fourth degree Falsifying Records. The jury also returned a guilty verdict against John Pereless’
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Gary T. Johnson, 60, Groton, Connecticut, has been found guilty of four counts of wire fraud and two counts of engaging in illegal monetary transactions while operating his former mortgage lending business.
As previously reported on Mortgage Fraud Blog and according to the evidence presented during
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Terral Toole, 42, Lake Elsinore, California, was sentenced to 85 months and ordered to pay $291,055 in restitution to three financial institutions for his role in a mortgage fraud scheme.
Toole pleaded guilty in November 2009 to four counts of wire fraud and four counts of money laundering for his
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