Archives For New Mexico

Robert O. Moore, 68, Albuquerque, New Mexico, was sentenced in federal court for his bank fraud conviction. Moore was sentenced to a 27-month term of imprisonment followed by three years of supervised release. Moore also was ordered to pay $150,535.10 in restitution to the victim of his criminal conduct.

On April 26, 2016, a federal grand jury filed an indictment charging Moore, a licensed real estate broker, with bank fraud and aggravated identity theft. According to the indictment, between April 2014 and September 2014, Moore perpetuated a scheme to defraud a loan and finance business that was involved in real estate closings and settlement out of more than $150,000, and facilitated the scheme by using the identification of another person.

On November 10, 2016, Moore entered a guilty plea to a felony information charging him with bank fraud. In entering the guilty plea, Moore admitted fraudulently transferring the ownership of a house that he was leasing to himself by presenting fraudulent documents to a financial institution so that he could obtain a mortgage against the house. Moore admitted that he used the name of an actual person as the notary public on the warranty deed without authorization.

The case was investigated by the Albuquerque office of the FBI and was prosecuted by Assistant U.S. Attorney Nicholas Jon Ganjei.

Fraudsters are advertising by mailings and phone calls, including a mailing titled “Payment Reduction Notification.” The scammers are using documents that have a Making Home Affordable logo and appear to set out a payment plan to reinstate the loan or modify the loan terms.

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Derek Barnhill, 49, Rio Rancho, New Mexico, was sentenced to three months in federal prison, followed by three years of supervised release, which is to include nine months of home confinement, for his bank fraud and money laundering conviction.

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Keith Michael Courtney, 31, Albuquerque, New Mexico, a real estate broker, and Jason Johns, 40, Albuquerque, New Mexico, a loan officer, will be serving federal prison sentences for their wire fraud convictions.

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Vincent J. Garcia, 61, Albuquerque, New Mexico, a real estate developer, was sentenced to 27 months in federal prison followed by five years of supervised release for his bank fraud conviction. Garcia also was ordered to pay $722,543.76 in restitution to the banks that were the victims of his criminal conduct.

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Keith Michael Courtney, 31, Albuquerque, New Mexico, was found guilty by a federal jury of wire fraud charges after a three-day trial.

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Manuel Garcia, 70, Los Angeles, California, was sentenced in Santa Fe, New Mexico district court, to a 13-month prison sentence, to be followed five years of supervised release, for his bank fraud conviction.

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Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.

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Manuel Garcia, 69, who now resides in Los Angeles, California, entered a guilty plea to an indictment charging him with six counts of bank fraud.

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Kevin Powers, 51, Albuquerque, New Mexico, a real estate agent, was sentenced in United States District Court to a 56-month term of imprisonment for his conviction on 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions.

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