Shih Siang Shawn Liao, 35, Manhattan, New York, an international businessman has been sentenced to three to nine years in state prison for having used a forged power of attorney to unlawfully obtain a mortgage on his mother-in-law’s condominium in the Little Neck section of Queens, New York and steal more than $300,000. The
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Eliyahu Ezagui, 49, a real estate developer in the Crown Heights neighborhood of Brooklyn, New York, has been found guilty of conspiracy to commit bank and wire fraud, and five counts of bank fraud.
According to evidence presented at the trial, and as previously reported on Mortgage Fraud Blog, Continue Reading...
Loius Cherico, 69, Eastchester, New York, a lawyer who practiced in New York City and Westchester County, New York, has been charged with participating in a wide-ranging scheme to commit mortgage fraud, obstruction of justice, and money laundering.
According to the Indictment filed in federal court, from July through December of 2002, Cherico participated in a
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Adam C. Hochfelder, 38, New York, New York, has been arrested and indicted on charges of defrauding investors in two real estate deals, following an investigation by the Manhattan, New York, District Attorney’s Office. The indictment charges Hochfelder with engaging in schemes to steal approximately $2.5 million from investors in his purported acquisition of the Continue Reading...
Janet Salazar, a.k.a. Yanet Salazar, 37, Queens Village, New York, a loan officer, has been convicted of stealing the personal identity of a former client to help another client purchase a house in Brooklyn. Salazar was convicted of first-degree identity theft, third-degree unlawful possession of personal identification information and third degree criminal possession of
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BernardB. Kerik, 54, former Commissioner of the New York City Police Department and the Department of Corrections, pleaded guilty in White Plains federal court to eight felonies, two of which were separately charged in an Indictment in the District of Columbia.
Kerik pleaded guilty to one count of obstructing and impeding the due
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Hugh Zuber, 39, Monsey, New York, a lawyer formerly employed by the Office of the Corporation Counsel for the City of New York, pleaded guilty to two counts of mail fraud arising from his participation in schemes to defraud two former clients. Zuber had represented the clients, in a personal capacity, in connection with their sale of real estate to Continue Reading...
Ethan Ellner, 54, Plainview, New York, pleaded guilty to three counts of Grand Larceny 2nd degree, one count of Conspiracy 4th degree and one count of Scheme to Defraud 1st degree on charges stemming from the indictment wherein Ellner, George Guldi, a former Suffolk County Legislator and others were charged with grand larceny,
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Kevin M. O’Connell, 35, Albany, New York pled guilty to a one-count information charging him with the felony offense of laundering of monetary instruments in violation of Title 18, United States Code, Section 1956(a)(1)(A)(i), in connection with his role in an extensive mortgage fraud scheme that defrauded financial institutions and other mortgage lenders of over $5.3 million in loans.
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Kosta Kovachev, 58, formerly a registered broker with the National Association of Securities Dealers, pleaded guilty this morning to one count of conspiracy to commit securities and wire fraud and one count of wire fraud stemming from his participation with Marc Dreier in the sale of over $100 million dollars in fictitious promissory notes to various hedge funds, as part of a larger
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