Stephen B. Lopez, 57, Lafayette, California, was arrested on Thursday, March 28, 2013, on mail fraud, wire fraud and money laundering charges for allegedly misrepresenting assets to lenders.
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Joe Don Johnson, 43, Midwest City, Oklahoma, was sentenced by United States District Judge David L. Russell to serve 118 months in prison for conspiracy to commit money laundering in connection with a Ponzi scheme involving a real estate investment scam.
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John Bravata, 45, and Antonio Bravata, 25, Brighton, Michigan, a businessman and his son, were found guilty by a federal jury of conspiracy and multiple counts of wire fraud.
Gershon Barkany, 29, Far Rockaway, New York, was arrested by the FBI based on a criminal complaint alleging that the he defrauded investors by promising to use their money in risk-free deals to purchase and then immediately re-sell at a profit large real estate properties located in New York City and New Jersey.
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Aaron G. Seltzer, 36, Trappe, Maryland, on nine counts of wire fraud in connection with a scheme in which he converted funds intended for real estate investments to his personal use.
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Aboulmalik Negedu, 50, formerly of Stratford, Connecticut, was sentenced to serve five years in prison for stealing more than $120,000 from friends and others who pooled their money expecting to invest in real estate.
Paul Mancuso, 46, Glen Rock, New Jersey, and Pasquale Stiso, a/k/a Pat Stiso, 52, West Harrison, New York, were arrested and charged with engaging in a real estate investment fraud conspiracy that defrauded more than 15 victims of approximately $5 million from 2009 to the present.
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Gary Dimattia, 62, Las Vegas, Nevada, pled no contest in connection with his operation of a mortgage lending fraud scam, including four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.
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Alicia Holmes, 49, pled guilty to a three-count indictment, charging Holmes with devising and operating a scheme to defraud individuals and entities of hundreds of thousands of dollars in accommodations, goods, services, and money.
Jean Marc Eljwaidi, 44, Las Vegas, Nevada, who fraudulently enticed persons to give him almost $2 million for the development of a local commercial real estate project that never materialized, was sentenced to 21 months in federal prison and ordered to pay $1.8 million in restitution.
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