Hasina Safdari, Idriss Safdari, Josue Loayza, Thomas Gomez, and Nicolas Munoz have pleaded guilty in federal court in San Francisco to conspiracy to commit wire fraud, wire fraud, and false statements in connection with numerous fraudulent loan applications submitted to lenders.
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Joel Martinez, 41, Phoenix, Arizona, has been charged in a 43 count indictment involving nine other individuals in connection with a mortgage fraud scam.
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Edward M. Bangasser, 66, Boca Raton, Florida, was sentenced by United States District Judge Virginia Hernandez Covington to 15 months in federal prison for conspiring to commit wire fraud and for making false statements to federally insured banks for the purpose of influencing those banks in connection with mortgage loans.
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Sandra Artichoker, 51, has been indicted by a federal grand jury for allegedly falsifying her spouse’s employment status on a bank loan application and thereafter receiving funds.
Hamlet Sardariani, 42, Sylmar, California, has pleaded guilty to federal conspiracy and tax evasion charges, admitting that he plotted with others to fraudulently obtain four loans for more than $5 million by pledging houses that they did not own as collateral, falsely claiming that the houses had enough equity to secure the loans, forging documents, and falsifying notary stamps.
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Tarl Brandon, 46, Las Vegas, Nevada, who recruited straw buyers and used fictitious identities to purchase more than 20 houses in the Las Vegas area in order to obtain millions of dollars of cash from the loan proceeds, was convicted by a jury of conspiracy and fraud charges.
Dennis O. Edwards, 49, Silver Spring, Maryland, pleaded guilty to conspiracy to commit bank fraud in connection with a scheme in which he submitted fraudulent loan applications to obtain over $2.241 million to purchase or refinance homes. During the scheme, Edwards was unemployed and received Social Security disability payments of approximately $1,000 a month.
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Francisco Rodriguez, 41, Chicago, Illinois, was charged in an indictment with two counts of wire fraud for his role in defrauding mortgage lenders. The indictment was returned on June 6, 2012 and unsealed on June 11, 2012.
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Jack R. Coppenger, Jr., 49, Akron, Ohio, is the subject of a two-count criminal information charging him for his roles in a mortgage fraud scheme that resulted in losses of approximately $36 million.
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Abacus Federal Savings Bank and 11 of its former employees in a false document mortgage fraud scheme resulting in the sale of hundreds of millions of dollars worth of fraudulent loans to the Federal National Mortgage Association have been indicted. An additional 8 former employees have already waived indictment and admitted their guilt in connection with this conspiracy.
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