Robert Rivernider, 47, Wellington, Florida, Loretta Seneca, 50, Boynton Beach, Florida, and Robert Ponte, 59, Stonington, Connecticut, who had been on trial in Hartford, Connecticut, federal court, have pleaded guilty to various offenses stemming from two separate investment schemes.
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Patience Lavon Jackson, 50, Arlington, Texas, was sentenced by U.S. District Judge Jane J. Boyle to 63 months in federal prison and ordered to pay $2,801,661.95 in restitution, following her conviction for leading a conspiracy to defraud residential mortgage lenders.
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Fred Davis Clark, Jr., president and CEO, David W. Schwarz, chief accounting officer, Cristal R. Coleman, manager and sales agent, Barry J. Graham, sales director, and Ricky Lynn Stokes, sales director, former Cay Clubs executives, have been charged with an investment fraud scheme.
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Randall Causey, 48, Gary, Indiana, was sentenced by Senior District Judge Rudy Lozano to 108 months imprisonment and 3 years of supervised release after being found guilty at trial of the felony offenses of conspiracy to commit wire fraud and wire fraud.
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Russell N. Daniel, 63, Louisville, Kentucky, a purported real estate entrepreneur, was sentenced to 37 months in federal prison and was ordered to pay $2,797,000 in restitution for a single count of mail fraud connected to real estate schemes that resulted in the loss of more than $1 million to investors.
Tara Denise Bonelli, 33, Santa Cruz, California, pleaded guilty to promoting false and fraudulent real estate investments by knowingly making false promises about how investor funds were to be invested and repaid.
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Taya Romano (a/k/a “Taya Waldon”), 36, Oklahoma, formerly of Ridgewood, New Jersey, was sentenced to 48 months in prison for a scheme to defraud two New Jersey families relating to the purchase, financing, and improvement of real estate in Oklahoma.
David Connolly, 51, Watchung, New Jersey, pleaded guilty to one count of securities fraud and one count of money laundering, admitting that he defrauded victims of an investment scheme by misusing their capital contributions and misrepresenting the performance of their investments.
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Eric Reilly, 34, Galloway, New Jersey, a former employee of The Vacation Ownership Group LLC, admitted to conspiring to defraud owners of timeshare properties.
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Arthur R. Seaborne, 70, Sarasota, Florida, was sentenced by U.S. District Judge Steven D. Merryday to 5 years in federal prison for conspiring to commit bank fraud in connection with his role in a residential loan program.
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