Archives For Louisiana

Jared Castellaw, 34, Alpine, California, and Valerie Schones, 54, Tucson, Arizona, were sentenced on Wednesday, July 17, 2019 for their role in making false statements to a financial institution.

According to court documents, beginning in or around October 2008 and continuing to on or about May 2009, Castellaw and Schones, along with co-defendant Patrick Healey, made false statements to the Federal Housing Administration “FHA” in order to assist low-income borrowers in qualifying for FHA insured loans that they would not otherwise have qualified for. Healey and Castellaw are former employees of an undisclosed entity, ABC Homes, LLC, located in St. Bernard Parish, Louisiana.  Schones worked for XYZ Financial as a loan officer. In total, due to the acts of the defendants, the FHA suffered a loss in excess of $852,415.

Both Castellaw and Schones were sentenced to time served, supervised release of 5 years, a special assessment of $100, and ordered to pay restitution in the amount of $852,415.16.

U.S. Attorney Peter G. Strasser made the announcement.

U.S. Attorney Strasser praised the work of the Department of Housing and Urban Development, Office of Inspector General and the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorneys Sharan E. Lieberman and Edward J. Rivera.

Patrick Healey, 34, New Orleans, Louisiana and a former employee of an undisclosed entity, ABC Homes, LLC, located in St. Bernard Parish, Louisiana was sentenced May 1, 2019 for his role in making false statements to a financial institution.

According to court documents, beginning in or around October 24, 2008 and continuing to on or about May 31, 2009, Healey, along with co-defendants Jared Castellaw and Valerie Schones made false statements to the Federal Housing Administration (“FHA”) in order to assist low-income borrowers in qualifying for FHA insured loans for which they would not otherwise have qualified. In total, due to the acts of the defendants, the FHA suffered a loss in excess of $852,415.

Healey was sentenced to time served, supervised release of 5 years, a special assessment of $100, and ordered to pay restitution in the amount of $852,415.

U.S. Attorney Peter G. Strasser made the announcement.

U.S. Attorney Strasser praised the work of the Department of Housing and Urban Development, Office of Inspector General and the Federal Bureau of Investigation. The case is being prosecuted by Assistant U.S. Attorneys Sharan E. Lieberman and Edward J. Rivera.

Timothy Monahan, 36, San Diego, California, a real estate developer, was sentenced after previously pleading guilty to committing wire fraud.

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Matthew Scott Bernard, 44, Baton Rouge, Louisiana, was sentenced today by U.S. District Judge James J. Brady to serve 41 months in federal prison for his role in a fraudulent scheme to secure financing.

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Reginald R. Harper, 59, Hammond, Louisiana, and Troy A. Fouquet, 45, Covington, Louisiana, were sentenced by U.S. District Judge Nannette Jolivette Brown for conspiracy to commit bank fraud.

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Calvin Davis, 48, New Orleans, Louisiana, has been sentenced by the Honorable Martin L.C. Feldman to forty (40) months imprisonment pursuant to his plea of guilty to Conspiracy to Commit Mail Fraud, Making False Statements to Obtain HUD Insurance and Making False Statements In Income Tax Returns, announced U. S. Attorney Jim Letten.  As Continue Reading...

Lorraine Miller, 45, New Orleans, has been sentenced in federal court by U. S. District Judge Ivan Lemelle to three (3) months incarceration and nine (9) months home confinement for falsifying loan applications for properties located in the New Orleans, Louisiana area.  In addition to the term of imprisonment, Judge Lemelle ordered that Continue Reading...