Robert Ilunga, Naugatuck, Connecticut, was sentenced by U.S. District Judge Alvin W. Thompson to 18 months in federal prison for operating a multimillion-dollar mortgage fraud scheme that involved more than 40 properties in Bridgeport, Connecticut.
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Jun Michael Dirain, 41, Antelope, California, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme.
Michael Stewart, 66, Phoenix, Arizona, and John Packard, 63, Long Beach, California, the owners of a now-defunct Southern California real estate investment firm were arrested for allegedly perpetrating a Ponzi scheme that ended with the bankruptcy of their company and caused private investors and banks collectively to lose well over $110 million when the scheme collapsed.
Jared Fanning, 35, Potomac, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 22 months in prison followed by three years of supervised release for wire fraud in connection with a scheme to fraudulently obtain mortgages worth approximately $13 million.
Gari-Mark Thomas, 38, Michigan, formerly of Norwalk, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Thomas P. Smith in Hartford to one count of conspiracy to defraud the Federal Housing Authority through a mortgage fraud scheme.
Winston Shillingford, 56, and his wife, Marleen Shillingford, 47, Nesconset, New York, were sentenced by U.S. District Judge Alvin W. Thompson in Hartford, Connecticut, to prison terms of 48 months and 36 months, respectively, for operating a multimillion-dollar mortgage fraud scheme that involved more than 40 properties in Bridgeport, Connecticut.
Dwayne H. Means, 46, Cincinnati, Ohio, pleaded guilty in U.S. District Court to conspiracy to commit bank fraud in connection with a loan to buy a lot in the Villages of Sugar Ridge, Lawrenceburg, Indiana, in 2007.
James Lee Lankford, 74, Modesto, California, a former real estate broker, was sentenced by Senior U.S. District Judge Anthony W. Ishii to 10 years in prison for orchestrating an 11-year mortgage fraud scam that looted elderly homeowners and lending institutions of close to $10 million dollars.
Edgar Galdamez, 37, Rockville, Maryland, was sentenced by U.S. District Judge Peter J. Messitt to 18 months in prison, followed by three years of supervised release, for wire fraud in connection with a mortgage fraud scheme.
Martin Sacci, 65, South Plainfield, New Jersey, was charged with making false statements and representations in connection with a Federal Housing Administration (FHA) insured mortgage with intent to defraud the Department of Housing and Urban Development.