Malgorzata Karas-Golka, also known as Margaret, 46, Newington, Connecticut, and Carmelinda Marotta, also known as Linda, 45, Manchester, Connecticut, pleaded guilty to one count of bank fraud related to an extensive mortgage fraud scam wherein the defendants falsified loan applications and HUD-1 Settlement Statements. Continue Reading…
Archives For Loan App. Misreps
Brandon Lynn Barber, 38, New York, New York, was sentenced to 65 months in prison and three years of supervised release for conspiracy to commit bankruptcy fraud, conspiracy to commit bank fraud, and money laundering for his role in providing false and fraudulent financial information and statements to Lenders in connection with loans to finance real property developments.
Derryl L. Tanner, 47, Euclid, Ohio, and Julie A. Becker, 39, Cleveland, Ohio, are the subjects of a six-count indictment charging them of engaging in a $2.1 million mortgage-fraud scheme involving a Westlake, Ohio, home.
Warren Ballentine, 43, Durham, North Carolina, an Illinois lawyer and Internet radio talk show host, was convicted on federal charges for engaging in two mortgage fraud schemes that defrauded lenders of a total of approximately $9.7 million.
Emiel A. Kandi, 37, University Place, Washington, a former hard money lender, was sentenced in U.S. District Court to five years in prison, three years of supervised release and $831,607 in restitution for structuring some hard money loans to allow him to seize control of a home if the borrower missed a single payment, in others he submitted false information to lenders regarding the borrowers’ employment, salary, and intention to live in the home.
Patrick J. Belzner, a/k/a Patrick McCloskey, 45, Selbyville, Delaware, was sentenced by U.S. District Judge J. Frederick Motz to 15 years in prison followed, by three years of supervised release, on charges of wire fraud conspiracy, wire fraud and tax evasion for his role in a scheme to rip off investors by promising to secure large loans in exchange for substantial sums deposited in an escrow bank account.
Guillermo Rincon, 36, Miami, Florida, and Enrique Hernandez, 34, Tampa, Florida, have been indicted and charged with one count of mortgage fraud conspiracy involving mail and bank fraud, and other related substantive charges, for allegedly inflating purchase prices and sharing the proceeds amongst the conspirators.
Matthew R. Shurts, 42, Beloit, Kansas, pleaded guilty to defrauding a bank for misrepresenting the extent of his collateral.
Terrence Matthew Brown, also known as Terry Brown, 49, Round Rock, Texas, was sentenced in federal court for his role in a $2.7 million mortgage fraud scheme. The scheme involved Brown buying homes at inflated prices, obtaining mortgage loans by fraud at the inflated amounts, and receiving kickbacks from the excess loan proceeds without the lenders’ knowledge.
Annika Boas, 37, Mount Rainier, Maryland, was convicted on September 19, 2014, of conspiracy, wire fraud and making a false statement on a loan application, arising from a residential mortgage fraud scheme.