Ryan Daryl Krutzig, 31, Maple Grove, Minnesota, a real estate appraiser, and Jesse Scott Hoffman, 32, St. Cloud, Minnesota, a real estate agent, were indicted in connection with a $1.8 million mortgage fraud scheme that involved 28 properties. The defendants were charged with five counts of wire fraud in connection to the scam. In addition, Continue Reading...
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John Edward Pitlick, 44, Shoreview, Minnesota, appeared before Chief U.S. District Judge Karen E. Schreier on June 2, 2011, and pled guilty to the indictment that charged him with mail fraud. The maximum penalty upon conviction is 20 years in prison and/or a $250,000 fine.
Starting in April 2007, Pitlick represented that he would broker a loan from one South Dakota farming family
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Ralph Appolon, 30, formerly of Watertown, Massachusetts, a loan originator, the 12th and final defendant in a large-scale mortgage fraud ring, was sentenced in federal court for his role in fraudulent property transactions that were part of a larger mortgage fraud conspiracy involving 21 property deals and more than $10.6 million in loan proceeds. In February 2011, Appolon was
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Brett A. Thielen, 42, Savage, Minnesota, was sentenced by United States District Court Judge Patrick J. Schiltz in federal court in Minneapolis for executing a scheme to defraud mortgage lenders by arranging for the fraudulent purchase of condominiums located in the Sexton Building in downtown Minneapolis, Minnesota.
Specifically, Continue Reading...
Zack Zafer Dyab 46, Golden Valley, Minnesota, pleaded guilty earlier today in federal court in Minneapolis to orchestrating a mortgage fraud scheme that resulted in the theft of more than $2.5 million from lenders nationally. Dyab pleaded guilty to one count of conspiracy to commit wire fraud and one count of money laundering in connection to the crime. The scheme centered on obtaining
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Michael Fiorito, 41, Prior Lake, Minnesota, was sentenced by United States District Court Judge Patrick J. Schiltz on charges connected to an equity-skimming scheme that targeted vulnerable homeowners. Fiorito was sentenced to 270 months in prison on one count of conspiracy to commit mail fraud and six counts of mail fraud. Continue Reading...
Michael Anthony Prieskorn, 35, Ellendale, Minnesota, pleaded guilty in federal court to charges stemming from a mortgage fraud scheme that resulted in losses of at least $20 million for mortgage lenders. Prieskorn was charged with orchestrating the scheme, which involved the purchase of approximately 70 residential properties in Continue Reading...
Gerald James Greenfield, 64, Bloomington, Minnesota, was charged with one count of conspiracy to commit mortgage fraud through the use of wires, four counts of mortgage fraud by means of interstate wire, one count of conspiracy to commit concealment money laundering, and one count of engaging in a monetary transaction with criminally derived property. Nicholas Ryan Delon
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Jason Eric Fischer, 38, Hudson, Wisconsin, a lawyer, pleaded guilty to mortgage fraud by stealing more than $3 million from the escrow account at the real estate title and settlement company he jointly owned. Fischer pleaded guilty to one count of mail fraud and one count of money laundering in connection to his crime. Fischer
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Micah John Beaumia, 29, Alexandria, Minnesota, has pleaded guilty to one count of wire fraud and one count of money laundering for to concealing more than $400,000 in payments to himself and others from mortgage loan proceeds. He entered his plea in Minneapolis before United States District Court Judge James Rosenbaum. As previously
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