Bassam Hajyousif, 44, Oak Park, Illinois, pleaded guilty to defrauding a bank of approximately $48.8 million involving two failed condominium conversion projects in downtown Chicago, Illinois, that he and a partner were involved with between 1999 and 2003.
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Wanda Coleman, 59, Glenoma, Washington, pleaded guilty to orchestrating a mortgage fraud scheme that used fraudulent loan applications and supporting documents to convince lenders to fund more than $20 million in loans.
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Kathy J. Mascarenas, aka Kathy Oliver, 53, Westminster, Colorado, was sentenced by U.S. District Court Judge Blackburn to serve 24 months in federal prison for wire fraud.
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Audrey Yeboah has been charged with allegedly executing a scheme to defraud mortgage lenders by means of material false and fraudulent pretenses, representations, and promises, and the concealment of material facts.
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George Cavallo, 47, Kirkland, Washington, his wife, Paula Hornberger, 41, Kirkland, Washington, and Joel Streinz, 54, Nokomis, Florida, a former police officer, were sentenced by U.S. District Court Judge Elizabeth A. Kovachevich to federal prison terms for their roles in a mortgage fraud scheme.
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Paul L. Hartfield, 56, Overland Park, Kansas, has been sentenced to 78 months in federal prison on bank fraud charges. He was ordered to pay approximately $2.6 million in restitution.
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Steven Llloyd Knudsen, 50, Malta, Montana, appeared for sentencing for his role in defrauding a lender. Knudsen was sentenced to a term of 35 months in prison, a special assessment in the amount of $200, restitution in the amount of $948,555.11 and Supervised Release for 3 years.
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Sean McClendon, 46, West Sacramento, California, pleaded guilty to mortgage fraud charges arising from home sales in the Sacramento, California, area.
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Michael Pouls, 50, Gladwyne, Pennsylvania, was charged by information with fraudulently inducing National Penn Bank in 2007 and the former Wilmington Bank in 2008 to lend him a total of $13.35 million on the basis of fraudulent securities statements.
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Aaron Michael Hymas, 38, and Tiffany Kim Hymas, 37, former Treasure Valley, Idaho, residents now living in Bountiful, Utah, pled guilty in United States District Court in Boise, Idaho, to one count of wire fraud.
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