Billy Cannon, Sr., Milwaukee, Wisconsin, a loan officer, and Margaret Keefe, a closing agent, allegedly devised and participated in a scheme to defraud banks and real estate lending institutions by submitting materially false and fraudulent loan applications.
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Randez Long, Milwaukee, Wisconsin, has been indicted for his participation in an alleged mortgage fraud scheme, which included short sale fraud.
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Lilia Casal-Diaz, a real estate attorney, Andres Mendez, and his son, Andy Mendez, who both worked as real estate brokers, Josephine Santana, a mortgage broker, Jose Rafael Martinez and Basilio Gomez have been sentenced to terms of imprisonment for their participation a multi-million dollar mortgage fraud scheme.
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Jill Reding, Tonya Ruf, and Katherine J. Frisk, three former employees of now defunct Pierce Commercial Bank, were sentenced to prison terms for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank.
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Teresa Jean Whitten, 39, Liberty, Missouri, who operated a real estate business has been indicted by a federal grand jury for her role in a $5 million mortgage fraud scheme.
Antoinette Payne, 44, North Royalton, Ohio, a loan officer, was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million.
Scott S. Schuhriemen, 38, Sarasota, Florida, pleaded guilty to conspiring to make false statements to Branch Banking and Trust, an FDIC insured financial institution.
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Simon Saeid Koli was sentenced in federal court to serve 30 months in custody, followed by three years’ supervised release, for his role in a conspiracy to commit mail fraud, wire fraud, and money laundering in connection with a mortgage fraud scheme involving four expensive homes.
Joann Smith, and her boyfriend, Wayne Betha, Ewing, New Jersey, who ran a real estate firm, were sentenced for stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifying the earnings of loan applicants.
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Frederick “Freddie” Grippo, 32, Old Bridge, N.J., admitted his part in a phony foreclosure rescue scheme that was part of a $4.4 million mortgage fraud.
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