Olusola Idowu, 57, Hagerstown, Maryland, was convicted by a federal jury on charges of wire fraud, bankruptcy fraud, making false statements in a bankruptcy proceeding, filing a false tax return and failing to file a corporate tax return.
Idowu was the owner and president of SSS Nutrition & Dietetic Care Services (SSS
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Ruben Rojas, 30, Vienna, Virginia, was sentenced to 60 months in prison, followed by five years of supervised release, for leading a mortgage fraud scheme that caused more than $9 million in losses. Rojas was also ordered to pay restitution in the amount of $9.5 million. A lawful permanent resident from Bolivia, Rojas will
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Edward William Farley, 47, Hoschton, Georgia, was sentenced to serve 25 years in federal prison on charges of bank fraud and conspiracy involving mortgage fraud, a real estate investment “Ponzi” scheme with over a hundred victims, a check-kiting scheme and bankruptcy fraud. Walter Julius Hermann, 41, Dunwoody, Georgia, was also sentenced to serve over 2 years in federal
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John Pereless, 42, Colts Neck, New Jersey, has been convicted of one count of second degree Conspiracy to Commit Theft by Deception, eight counts of second degree Theft by Deception, eight counts of fourth degree Securing Execution of Documents by Deception and eight counts of fourth degree Falsifying Records. The jury also returned a guilty verdict against John Pereless’
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Milton Retana, 46, Huntington Park, California, a man who preyed on Spanish-speaking investors with promises of hefty returns during the real estate bubble was sentenced to 25 years in federal prison for bilking approximately 2,300 victims who suffered losses of approximately $33 milion. Retana was sentenced by United States District Judge R. Gary Klausner.
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Michael Anthony Prieskorn, 35, Ellendale, Minnesota, pleaded guilty in federal court to charges stemming from a mortgage fraud scheme that resulted in losses of at least $20 million for mortgage lenders. Prieskorn was charged with orchestrating the scheme, which involved the purchase of approximately 70 residential properties in Continue Reading...
Gerald James Greenfield, 64, Bloomington, Minnesota, was charged with one count of conspiracy to commit mortgage fraud through the use of wires, four counts of mortgage fraud by means of interstate wire, one count of conspiracy to commit concealment money laundering, and one count of engaging in a monetary transaction with criminally derived property. Nicholas Ryan Delon
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William Warren Baker, 57, Laguna Nigel, California, was arrested for stealing over $900,000 from investors in a Ponzi scheme by fraudulently promising to buy, refurbish, and re-sell distressed homes for a profit. Baker is charged with 13 felony counts of using untrue statements in the purchase or sale of securities and 13 felony counts of selling securities in issuer transactions
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Angela M. Moore, 42, a Florida resident, has been charged with a scheme to defraud, grand theft, and operating as a real estate broker without a license in a case involving online real estate sales.
The initial investigation began in October 2008 when the Florida Office of the Attorney General received a complaint and referred it to the Lee County Sheriff’s Office Economic Crimes Unit. The victim had participated in an online auction
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Marvin Earl “Toby” Alback, 62, Billings, Montana, was arraigned and pled guilty to wire fraud and bankruptcy fraud. A sentencing date will be set later. He is currently released on special conditions.
In an Offer of Proof filed by Assistant U.S. Attorney Ryan M. Archer, the government stated it would have proved at trial the following:
Alback is an attorney in
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