Loan Tech Inc., Encinitas, California, a mortgage loan processor, and its president, Emily Kaye-Eddie, agreed to settle a lawsuit seeking damages and civil penalties for a 2008-2009 mortgage fraud scheme that caused losses to the Federal Housing Administration.
Archives For Loan App. Misreps
Kimberly Eileen McMillian, a/k/a Kimberly Simmons and Kimberly Simmons McMillian, 46, Baltimore, Maryland, was sentenced by U.S. District Judge George L. Russell III sentenced to two years in prison, followed by five years of supervised release, for wire fraud in connection with a fraud scheme involving more than $1 million in fraudulently obtained mortgages.
Alois Craig Weingart, 60, Castle Rock, Colorado, was sentenced to 30 months in prison for his role in mortgage fraud scheme with losses to lenders totaling $12 million.
Michael Rory Woods, 44, Buffalo, New York, was charged by criminal complaint with making false statements on a loan application in order to secure a refinance mortgage.
Joseph N. Gagliano, 45, Phoenix, Arizona, was sentenced to 30 months in prison and ordered to pay $2,903,010.26 in restitution by U.S. District Court Judge G. Murray Snow.
Bonnie Kathleen Kreamer, a/k/a Bonnie Meehan, 47, Riva, Maryland, pleaded guilty today to conspiring to commit wire fraud in connection with a mortgage fraud scheme which resulted in losses of more than $4.8 million.
Myra Holmes, 56, Vallejo, California, was sentenced on October 7, 2013, to 27 months’ imprisonment and ordered to pay over $196,000 in restitution on bankruptcy and mortgage fraud related changes..
Quelyory A. Rigal, 38, Homestead, was sentenced to 200 months in prison, followed by five years of supervised release by U.S. District Judge William J. Zloch.
John Tuozzo, 48, Woodbury, New York, was sentenced by Judge Susan T. Kluewer to one to three years in prison after tricking his mother-in-law into signing various real estate documents that allowed him to steal more than $600,000 from several financial institutions and leaving her facing civil lawsuits in addition to foreclosure proceedings on a nearly $1 million home she had no idea she owned.John Tuozzo.
Dino Sisneros, Tuscon, Arizona, has been sentenced to 5 years in prison for his role in a mortgage fraud conspiracy to obtain loans totaling almost $13.5 million between 2003 and 2007.