Nine defendants have been indicted in two separate mortgage fraud cases. Seven defendants were charged together in one case, and two in the second case, together alleging schemes to fraudulently obtain at least four residential mortgage loans totaling more than $1 million from lenders.
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Charles R. Sammon, 37, West Pittston, Pennsylvania, formerly an attorney practicing in Boston, Massachusetts, was convicted of mortgage fraud.
Michael Angelo Munoz, 34, Bakersfield, California, pleaded guilty today to two counts of mail fraud relating to his involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007. On November 12, 2013, co-defendant Jayson Peter Costa, 40, also of Bakersfield, pleaded guilty to conspiracy to commit mail fraud, wire fraud, and bank fraud relating to the same mortgage fraud scheme.
Ging—Hwang “Felicia” Tsoa, 59, Broadlands, Virginia, was convicted by a federal jury of conspiracy to commit bank fraud and two counts of bank fraud in connection with her role in a large-scale mortgage fraud scheme.
David Joe Cano, 41, Arlington, Texas, was sentenced by Chief U.S. District Judge Sidney A. Fitzwater to 87 months in federal prison and ordered to pay $1,795,125 in restitution for his nearly two-year role in a scheme to launder the proceeds of mortgage fraud.
Carlyle “Carl” Lee Cole, 66, and Caleb Lee Cole, 37, and Sneha Ramesh Mohammadi, 41, all of Bakersfield, California, pleaded guilty to charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.
Michael Wilkerson, 47, Pottstown, Pennsylvania, was sentenced yesterday to 170 months in prison and ordered to pay $1,353,111.93 in restitution for a mortgage fraud scheme. Wilkerson and his co-defendants defrauded JPMorgan Chase Bank N.A. by fraudulently obtaining home loans valued at more than $6 million for properties located in Schwenksville and Glenmoore, Montgomery County, Pennsylvania.
Lester Soto, 57, Freehold, New Jersey, owner of a mortgage company that was responsible for a long-running, large-scale mortgage fraud that caused losses of more than $30 million admitted his role in the scheme.
Bhardwaaj “Deo” Seecharan, 53, Orange County, Florida, was sentenced for his participation in an extensive mortgage fraud scheme.
Keith Michael Courtney, 31, Albuquerque, New Mexico, a real estate broker, and Jason Johns, 40, Albuquerque, New Mexico, a loan officer, will be serving federal prison sentences for their wire fraud convictions.