Archives For Pennsylvania
A financial broker who is serving time in federal prison in connection with a $2 million mortgage scheme took the stand Wednesday in the conspiracy trial of ex-Eagle Irving Fryar and his mother, Allene McGhee, in the Burlington County Courthouse in Mount Holly.
William Barksdale is the key witness in a high-profile case in which the state Attorney General’s Office alleges Fryar and McGhee conspired to defraud six banks and a mortgage company of more than $1 million in 2009. Barksdale, of Levittown, had pleaded guilty to conspiracy to commit wire fraud for assisting Fryar, McGhee, and several other Burlington County clients with the scheme.
Michael P. Bernick, 51, Pittsburgh, Pennsylvania, a former bank director, was sentenced in federal court to 144 months of imprisonment on his conviction on nine counts of misapplication and theft of funds by a bank director. Bernick did not complete any loan applications, sign notes, or provide security for the monetary advances, yet received more than $350,000.
Amanda Bishop, 35, Martinsburg, Pennsylvania, was convicted in federal court after she submitted fraudulent mortgage documents during court proceedings.
Dov Ratchkauskas, 48, Allegheny County, Pennsylvania, has been indicted by a federal grand jury on a charge of Contempt of Court for allegedly trying to obtain a passport while out on bond in connection with a mortgage fraud prosecution.
Dean Rossi, 49, Warrington, Pennsylvania, was arrested in connection with an alleged mortgage fraud scheme for misappropriating funds from real estate closings intended for paying off mortgages.
Richard Stromberg, 50, Bethel Park, Pennsylvania, has been sentenced in federal court to 60 months of imprisonment, to be followed by five years of supervised release, for submitting false loan applications to lenders that included inflated income/assets and appraisals.
David Andrew Glynn, 47, Charleston, West Virginia, was sentenced in federal court in Charleston to two and a half years in prison for conspiring to defraud timeshare owners throughout the United States and Canada by promising buyers in exchange for a fee. Continue Reading…
Eric Sijohn Brown, 46, Philadelphia, Pennsylvania, Kevin Joseph Franklin, 51, Albany, Georgia, and Roderick L. Foxworth, Sr., 57, Philadelphia, defendants in a mortgage fraud conspiracy involving KREW Settlement Services were sentenced by U.S. District Court Judge Berle M. Schiller for their roles in the multi-million dollar scheme involving more than 100 fraudulent mortgage loans. Continue Reading…
Six people, including a lawyer, real estate agent and funeral home director, have been charged with conspiring to steal a Philadelphia, Pennsylvania, home from an elderly widow after she passed away.