Alexander A. Romaniolis, 48, Irvine, California, pleaded guilty to mortgage fraud. A federal grand jury returned the three-count indictment on March 21, 2013, charging Romaniolis with mail fraud.
Archives For Straw Buyer
Teresa Rose, Ramona, California, a real estate agent, was sentenced to 15 months in custody by U.S. District Judge John A. Houston for her role in an investment and mortgage loan fraud scheme that generated tens of millions of dollars in fraudulent loans and millions in illegal kickbacks to the participants.
Eight people were indicted for their roles in a $40 million mortgage fraud conspiracy involving dozens of properties along Florida’s Gulf Coast.
Lloyd Gardley, 60, currently in federal custody in Pahrump, Nevada, the mastermind of a Las Vegas mortgage fraud scheme that caused approximately $15 million in losses to the lenders and financial institutions, has been sentenced to just over 11 years in federal prison for his guilty pleas to conspiracy and fraud charges.
Nicholas Lindsey, 40, Billings, Montana, who worked as a loan officer in Las Vegas, Nevada, during 2006 and 2007 was sentenced to 11 years in prison, five years of supervised release and ordered to pay over $2.2 million in restitution for his fraud and identity theft convictions related to a mortgage fraud scheme.
Michael Rumore, 55, Toms River, New Jersey, and Kenneth Jones, 64, Elizabeth, New Jersey, an attorney and a tax preparer, respectively, admitted their roles in a long-running, large-scale mortgage fraud that caused losses of more than $30 million.
David Crisp, 34, and his wife Jennifer Anne Crisp, 31, both of San Diego, California, pleaded guilty in U.S. District Court to charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
James Olivos, 47, Lake Mary, Florida, was sentenced by U.S. District Judge Gregory A. Presnell to 5 years in federal prison for bank fraud and money laundering.
Jeffrey Youngheim, 47, Portage, Indiana, and Richard Loveless, 52, Gary, Indiana, were sentenced by District Judge Joseph Van Bokkelen for their roles in a large-scale mortgage fraud scheme.
Jeriel Salinas, 32, Bakersfield, California, pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud, and bank fraud relating to his involvement in an extensive mortgage fraud scheme while working at Crisp & Cole Real Estate.