Hubert Rotteveel, 52, Dixon, California, was convicted by a federal jury of one count of mail fraud affecting a financial institution relating to his role in a mortgage fraud scheme. The defendant and his conspirators inflated the values of 13 properties then worked with loan officers to provide false information to lenders about the income and liabilities of the buyers.
Archives For Loan App. Misreps
Howard Drossner, 53, Ambler, Pennsylvania, was sentenced to 40 months in prison for conspiring to defraud FirstPlus Financial Group Inc., a Texas-based financial services company, which had been targeted for extortionate takeover and looting by a group led by Lucchese organized crime family member Nicodemo S. Scarfo.
Selim Zherka, 46, Somers, New York, was indicted by a federal grand jury in White Plains for submitting multiple false loan applications to banks, tax fraud, wire fraud, and witness tampering. Zherka allegedly obtained over $146 million in loans from three banks for the purchase and/or refinancing of apartment house complexes by lying about the purchase prices, the down payments, his assets, income, and tax returns.
Larry Fullenwider, 63, Belleville, New Jersey, admitted conspiring to defraud financial institutions as part of a $15 million mortgage fraud scheme that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Richard Stromberg, 49, Bethel Park, Pennsylvania, the founder of a mortgage brokerage firm, pleaded guilty in federal court to a charge of conspiracy to commit wire fraud and bank fraud.
The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme.
Soo Kyung Hong, aka Maria Hong, 48, Los Angeles, California, was sentenced to three years in federal prison for orchestrating a scheme that led to the fraudulent purchase of four properties worth more than $2 million.
Kevin Patrick Sluga, 60, and his wife, Leslie Sluga, 57, Bakersfield, California, have been sentenced for their roles in the Crisp & Cole mortgage fraud scheme wherein the defendants and other individuals defrauded lenders by causing materially false and fraudulent statements to be submitted in mortgage loan applications and related documents to obtain loans from lenders for property purchases.
Luis Michael Mendez, 44, and Wilkie Perez, 39, both of Miami, Florida, pleaded guilty to participating in a mortgage fraud scheme involving the sale of condominium units to straw buyers in the Miami area.
Roger Dean Bailey, Jr., 41, Hickory, North Carolina, was sentenced to 30 months in prison for his role in a mortgage and consumer fraud conspiracy involving manufactured and modular homes. From 2004 to 2008, Bailey was involved with the origination of up to 154 fraudulent HUD/FHA-insured mortgages.