Michael Pouls, 50, Gladwyne, Pennsylvania, was charged by information with fraudulently inducing National Penn Bank in 2007 and the former Wilmington Bank in 2008 to lend him a total of $13.35 million on the basis of fraudulent securities statements.
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Robert Coyle, Sr., 67, Glassboro, New Jersey, pleaded guilty to two counts of loan fraud. Coyle owned and/or rented more than 300 properties in Philadelphia, Pennsylvania.
Harry Anthony, 42, Washington, Pennsylvania, was sentenced in federal court to five years of imprisonment on his convictions for mail fraud.
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Anthony J. DeMarco III, 33, Conshohocken, Pennsylvania, was sentenced to serve 25 years in prison for conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $30 million in loans.
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Denise Bonfilio, 55, Pennsylvania, has been found guilty of nine counts of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.
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Satish Suri, 57, Philadelphia, Pennsylvania, was arrested on an indictment charging him with bank fraud, false statements on loans, and false statements to the Department of Housing and Urban Development (“HUD”) on a HUD-insured loan.
Joanne M. Seeley, 42, formerly of East Berlin, Pennsylvania, has been sentenced to 238 months’ incarceration for defrauding 36 homeowners in Cumberland, York and Adams Counties in Pennsylvania out of $2,470,666 between 2006 and 2008.
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Joel Reck, 47, McKeesport, Pennsylvania, pleaded guilty to one count before United States District Judge Nora Barry Fischer for his role in a mortgage fraud scheme.
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Eric Itzi, 30, Philadelphia, Pennsylvania, pleaded guilty to his role in a scheme to fraudulently obtain mortgages for properties in North Wildwood, New Jersey.
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Jason Sheppard, 31, Pittsburgh, Pennsylvania, president of TruClose Financial Services, has been sentenced to 55 months in prison for failing to pay off prior mortgages at closing.
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