Veldora Arthur was sentenced by U.S. District Judge Patricia Seitz to 57 months in prison, to be followed by 3 years of supervised release for her role in a mortgage farud scam that resulted in losses to lenders of approximately $2.5 million.
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James Robert Sweet, 44, Westbury, New York, the kingpin of the largest mortgage fraud and identity theft ring in Nassau County, New York, history has been sentenced to four to 12 years in prison for his role in leading an organization that stole more than $20 million from homeowners, banks, and the County government.
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Genaro R. Hathaway, 47, Weston, Connecticut, was sentenced by United States District Judge Mark R. Kravitz in New Haven to 33 months of imprisonment, followed by three years of supervised release, for participating in two mortgage fraud conspiracies.
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Thirteen additional defendants were charged in two separate indictments in the Vera Kuzmenko mortgage fraud investigation in California. The current indictments bring the total charged in this investigation to twenty-three. The two most recent indictments involve some of the straw buyers that participated in the scheme.
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Juan Carlos Hernandez, 42, West Warwick, R.I., a former loan officer with National City Mortgage Company, pleaded guilty to his role in a “straw-borrowing” scheme that netted more than $3.5 million in fraudulently obtained mortgages on 13 properties in five Rhode Island communities.
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Jaco Huguet, 29, Phoenix, Arizona, a former loan officer, was sentenced by U.S. District Court Judge Frank Zapata to 24 months in federal prison for his role in conspiracy to defraud lenders.
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William Doug Mitchell, 50, Fort Worth, Texas, was convicted by a jury after one hour of deliberation for his role in a complex mortgage fraud scheme that targeted homes across North Texas.
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Henry J. Papale, 60, Southington, Connecticut, has been charged with two counts of wire fraud stemming from an alleged mortgage fraud scheme involving the use of another’s name and credit information.
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A 25-count indictment charging eight individuals with conspiracy to commit financial institution fraud and wire fraud was unsealed. The defendants, Jacob Moynihan, Gerald Moynihan, John Greco, Raymond Foakes, Desiree Maclean, Josh Leo Johnson, Jerry Mays and Justin Batemon, were also charged with money laundering, conspiracy to maintain drug-involved premises and possession with intent to distribute a controlled substance.
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Dustin LaFavre, 28, Webster, Minnesota, was sentenced for bilking more than $7 million from at least 15 real estate mortgage lending companies between 2005 and 2008.
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