Scott C. Allmon, 38, Easley, South Carolina, pled guilty in federal court in Anderson to making false statements in connection with a real estate investment scheme, a violation of Title 18, United States Code, Section 1001.
Archives For Straw Buyer
Fred Haywood, 42, Chicago, Illinois, a former loan officer, was sentenced to more than 12½ years in federal prison for engaging in a mortgage fraud scheme involving 65 real estate transactions with properties located mostly in economically-depressed neighborhoods, which netted him personally more than $700,000.
Timothy E. Shannahan pled guilty to conspiring to commit mortgage fraud by acting as a straw buyer in a $5 million mortgage fraud scheme.
Frank Garcia, 51, Florida, pleaded guilty before U.S. District Court Judge Richard J. Arcara to fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
Ricardo Fabian Salinas, 34, Los Angeles, California, pleaded guilty to bank fraud in connection with a mortgage fraud scheme perpetrated in Bakersfield, California.
Bryan Joseph Lenton, 33, Oakdale, Minnesota, was sentenced for his role in a mortgage fraud scheme that caused losses to lenders exceeding $7 million.
John Lebron, 33, Tampa, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich sentenced to 26 years in federal prison for conspiracy to commit wire fraud, wire fraud affecting a financial institution, and making false statements to a financial institution.
Mark Murphy, 47, Williamstown, New Jersey, was charged by information with participating in a mortgage fraud conspiracy involving more than 100 properties and more than $20 million in fraudulent loan proceeds.
Continue Reading...
Nicholas Lindsey, 40, Billings, Montana, following a six-day jury trial, was convicted of nine counts of wire fraud and one count of aggravated identity theft for his role in a mortgage fraud scheme.
Continue Reading...
Ronnie Edward Duke, 45, Fenton, Michigan, was sentenced to 13 years in prison in connection with a multi-million-dollar mortgage fraud conspiracy.