Gergawattie “Kamla” Seecharan, 49, and Bhardwaaj “Deo” Seecharan, 52, both of Orange County, Florida, were sentenced in federal court for their participation in an extensive mortgage fraud scheme.
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Denise Bonfilio, 55, Pennsylvania, has been found guilty of nine counts of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.
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Randal L. Walters, 55, Polk County, Iowa, appeared in federal court in Des Moines on Thursday, September 20, 2012, and pled guilty to one count of bank fraud in connection with a loan to develop a Des Moines area condominium project.
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Eduardo Ruiz, 33, Santa Ana, California, the owner of a Pasadena mortgage brokerage firm was sentenced to 108 months in federal prison for participating in a mortgage fraud scheme that obtained more than $30 million in loans.
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Anthony Haynes, 53, Seffner, Florida, is charged with mail and wire fraud affecting a financial institution.
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Ryan William Costo, 37, Granite Bay, California, is the subject of a six-count indictment for mail, wire, and bank fraud, as well as making false statements to financial institutions, all in connection with various schemes to defraud lenders.
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Mark J. Bellotti, 56, Marlboro, New Jersey, a lawyer, was sentenced to prison for his role in a scheme to steal more than $2.6 million from lenders by filing fraudulent mortgage loan applications.
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Paul DiGiacomo, 46, Madison, New Jersey, a lawyer, was sentenced to prison for his role in a scheme to defraud a mortgage lender of $431,200 by filing a false loan application and purchasing a home in Newark, New Jersey in the name of a man who was deceased.
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Shawn L. Portmann, 40, a former senior vice president and loan officer at Pierce Commercial Bank, pleaded guilty to a mortgage fraud scheme that resulted in the collapse of the bank, pleaded guilty to conspiracy to make false statements in loan applications and to make false statements to the Department of Housing and Urban Development.
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Dorian Brown, 38, Mount Sinai, New York, and Fritz Bonaventure, 30, Lithonia, Georgia, two mortgage loan officers, were sentenced for their roles in a $9 million mortgage fraud scheme.