Ronnie Singleton, 41, Lithonia, Georgia, a business owner who held himself out to be an investor and loan broker, admitted his role in defrauding real estate investors of more than $800,000.
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Archives For New Jersey
Randy Poulson, 42, Woolwich Township, New Jersey, the owner and operator of Equity Capital Investments LLC, is charged with allegedly scamming distressed homeowners into giving him their houses and then soliciting fake real estate investments from private investors, secured by those same properties, that netted him more than $3 million in illicit profits.
Abbe Edelman, 50, Livingston, New Jersey, was arrested at his home by federal law enforcement officers on charges that he allegedly ran a real estate investment scheme that bilked victims out of $4 million.
Delio Coutinho, 71, Colonia, New Jersey, admitted his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses. The defendant conspired with others to release liens on encumbered properties via fraudulently arranged short sale transactions.
Eliyahu Weinstein, 38, Lakewood, New Jersey, who was sentenced less than two months ago to 22 years in prison for running a Ponzi-style real estate scheme, was indicted by a federal grand jury on new charges of conspiracy, wire fraud, and transacting criminal proceeds while on pretrial release.
Anna S. Lee, 54, Englewood Cliffs, New Jersey, and her daughter, Jennifer H. Lee, 25, New York City, New York, were arrested on Monday, April 14, 2014, in connection with an alleged real estate loan scam wherein the defendants fraudulently obtained over $300,000 in payments from victims for loan modifications services.
Ki Sung Chung aka Ken Jung, 55, Norwood, New Jersey, Soon Hwa Park–Bergman, 53, Norwood, Ki Jung Yun, 51, Fairview, New Jersey, Hyang Son Yi aka Paula Yi, 56, Fairview, Dennis Oak aka Dae Sok Ok, 73, formerly of Palisades Park, New Jersey, currently a fugitive, and Beverly Oak aka Young Ae Oak, 63, formerly of Palisades Park, also a fugitive, have been charged with running an elaborate short sale fraud scheme.
Robert Serao, 48, Bayville, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy in which he used his position as a loan officer of Wells Fargo Home Mortgage, Inc. to get the company to release more than $4.6 million based on fraudulent mortgage loan applications.
Daniel Mumbower, 35, Glassboro, New Jersey, a former banker, was sentenced to 41 months in prison for two counts of bank fraud and one count of receiving bribes by a bank employee for his role in a scheme that defrauded lenders of nearly $3 million.
Teresa Giudice, 41, and Giuseppe “Joe” Giudice, 43, both of Towaco, New Jersey, two of the stars of the Bravo TV television show “The Real Housewives of New Jersey,” admitted committing a string of crimes as part of a long-running financial fraud conspiracy.