Antoinette Payne, 44, North Royalton, Ohio, a loan officer, was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million.
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Simon Saeid Koli was sentenced in federal court to serve 30 months in custody, followed by three years’ supervised release, for his role in a conspiracy to commit mail fraud, wire fraud, and money laundering in connection with a mortgage fraud scheme involving four expensive homes.
Joann Smith, and her boyfriend, Wayne Betha, Ewing, New Jersey, who ran a real estate firm, were sentenced for stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifying the earnings of loan applicants.
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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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Dane Little, Jeffersonville, Indiana, was sentenced to 15 months in prison and ordered to pay $487,111 in restitution after pleading guilty to engaging in a conspiracy, with five indicted co-defendants, to commit bank and wire fraud.
David P. Gaylord, 52, Rochester, New York, who was convicted of bank loan application fraud, was sentenced to time served and five years’ supervised release and ordered to pay $46,914.73 in restitution.
Richard B. Gillette, 30, Springfield, Missouri, has been sentenced in federal court for mortgage fraud.
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Heidi Haischer, 44, Las Vegas, Nevada, was found guilty for participation in a mortgage fraud scheme that netted $1.2 million in fraudulent mortgage loans.
Thomas Gregory Alexander, 61, San Diego, California, was sentenced by U.S. District Chief Judge Roslyn O. Silver to 10 years in federal prison, to be followed by five years of supervised release.
Lynn Truong, aka Linh Thi Truong, 40, Clovis, California, was sentenced today to 21 months in prison for a conspiracy to defraud lenders while buying homes to use to grow marijuana.
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