Antonio Perez Marcial, 41, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud in connection with a mortgage fraud scheme in Bakersfield.
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Jayson Peter Costa, 41, Bakersfield, to 78 months’ imprisonment United States District Judge Lawrence J. O’Neill sentenced for his role in an extensive mortgage fraud scheme that ran from January 2004 to September 2007. Costa was ordered to self-surrender by May 5, 2014.
Albert Greer, Sr., Shelby Township, Michigan, was found guilty on March 20, 2014, of conspiracy to commit bank fraud and of aiding and abetting bank fraud.
Robert Serao, 48, Bayville, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy in which he used his position as a loan officer of Wells Fargo Home Mortgage, Inc. to get the company to release more than $4.6 million based on fraudulent mortgage loan applications.
Mohammad N. Islam, also known as “Tanveer,” 38, Trumbull, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Leslie G. Foschio to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County, Connecticut.
Mariano Vincente Cano, Tuscon, Arizona, was sentenced by U.S. District Judge David C. Bury to 14 months in prison and ordered to pay over $350,000 in restitution for his role in a straw buyer mortgage fraud scheme.
Stephen G. Doherty, Doylestown, Pennsylvania, has been sentenced for his role in a $14.6 million mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans.
Ronnie Edward Duke, Fenton, Michigan, was sentenced to 13 years in prison in connection with a multi-million-dollar mortgage fraud conspiracy. On June 3, 2013, he was scheduled to self-surrender and begin serving his sentence. Duke failed to appear. After being on the run for eight months, he was arrested on February 24, 2014.
Carlyle “Carl” Lee Cole, 66, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 17 years and seven months in prison and Caleb Lee Cole, 37, Bakersfield, was sentenced to six months in prison for charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
Claudia Montes, 41, San Diego, California, was sentenced to 20 months in prison and ordered to pay $1,337833.16 in restitution for her role as a straw buyer in a mortgage fraud scheme.