Michelle Vinas, 53, Florida, pleaded guilty before U.S. District Court Richard J. Arcara to bank fraud concerning her role in a New York mortgage fraud scheme that caused $24,000,000 in overall losses to lenders.
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John Stewart Morrison IV, 55, Columbia, Maryland, was sentenced to 15 months in prison, followed by two years of supervised release, for mail fraud in connection with a mortgage fraud scheme involving a loss of $431,377.
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Debbie Sferrazza, 47, West Chester, Ohio, was sentenced to a total of 46 months in prison followed by 10 years of supervised release. She is one of six family members and one employee that have been sentenced in U.S. District Court for a mortgage fraud scheme involving nine properties bought and sold for their own use between 2004 and 2009.
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Kerry Jon Quam, 46, Eagan, Minnesota, was sentenced on September 7, 2011, to three years of probation on one count of conspiracy to commit mail fraud for his role in submitted false loan applications and fraudulent appraisals to lenders.
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S. Pope Cleghorn, Jr., 39, Villa Rica, Georgia, was sentenced to 6 years in federal prison on charges of bank fraud in connection with two loans, one for a real estate development project and another for a personal residence.
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Joshua Brown, 31, New Hampshire, has been sentenced to four years in jail for leading a mortgage scheme that defrauded more than a dozen financial lending institutions and several homebuyers of more than $2 million in connection with the purchase of 26 multi-family properties in the Boston, Massachusetts area.
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Javier Siveroni, 48, Springfield, Va., was sentenced to 24 months in prison, followed by two years of supervised release, for using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in the Northern Virginia area.
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Thirteen individuals, including an alleged member and an associate of the Lucchese organized crime family, are charged with racketeering and related offenses for fraud including making false statements in a loan application to secure a fraudulent mortgage.
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Talal Ashek, 42, Holland, Arizona, was sentenced to two years in federal prison by U.S. District Judge Neil V. Wake and ordered to pay over $2.9 million in restitution for his role in a mortgage fraud conspiracy.
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Justin Michael Ray, Cedar Rapids, Iowa, a mortgage broker who schemed with his father to defraud a mortgage lender was sentenced October 12, 2011, to more than three years in federal prison.
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