Timothy D. Burns, 33, Phoenixville, Pennsylvania, was charged by Information in a $20 million fraud scheme that involved mail fraud, wire fraud and loan fraud.
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George Lindell, 65, and Holly Hoaeae, 39, Honolulu, Hawaii, are the subjects of a 17-count indictment for allegedly operating a pyramid or Ponzi scheme between January 2005 and November 2010.
Samuel Ray Palasota, 52, Houston, Texas, has surrendered to federal authorities following the return of a 24-count indictment alleging he operated a fraudulent real estate investment scheme and defrauded a woman of $650,000.
Robert M. Brannon, Laurel, Mississippi, and his son, Jason R. Brannon, Mobile, Alabama, both real estate investors, were sentenced in U.S. District Court for the Southern District of Alabama in Mobile, for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama.
Michael Morawski, 56, Sleepy Hollow, Illinois, and Frank Constant, 59, West Dundee, Illinois, whom swindled investors out of millions of dollars in a Ponzi fraud scheme, were sentenced to federal prison and ordered to pay full restitution to their victims.
William Kevin Kelly, 59, Ocean City, New Jersey, was sentenced to 60 months in prison for a real estate scam that victimized clients and investors in the Lancaster area.
David Romo, 42, Folsom, California, was sentenced by United States District Judge Garland E. Burrell, Jr. to 10 years and one month in prison for mail fraud related to a real estate investment scheme that defrauded investors of more than $6.9 million.
Wayne Reed Ogden, 48, Koosharem, Utah, charged with wire and securities fraud in connection with a Ponzi scheme involving real estate, pleaded guilty in federal court to one count of wire fraud and one count of securities fraud.
Francis Santore, a/k/a Frank Martin, 53, Northfield, New Jersey, a former employee in the New Jersey offices of the Vacation Ownership Group LLC admitted that he conspired to defraud owners of timeshare properties by offering phony consulting services and debt elimination while also illegally collecting unemployment benefits.
Nicholas Lindsey, 40, Billings, Montana, following a six-day jury trial, was convicted of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme.
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