Kristen Anne Way, 32, Houston, Texas area resident, has been convicted by a jury for conspiracy to commit wire and mail fraud, wire fraud, conspiracy to commit money laundering, engaging in a monetary transaction in criminally derived property and money laundering.

Way was a loan officer at Consumer Direct Mortgage in 2005

Grant William Gondrezick, 45, Benton Harbor, Michigan, previously a resident of Houston, Texas, has pleaded guilty to conspiring to commit wire fraud. Sentencing is set for Dec. 4, 2009, when he faces up to five years in prison, a fine of up to $250,000 and up to $1.9 million in restitution. Gondrezick will remain on bond pending his sentencing.

According to the factual basis in

Arshad Hussain, 49, Dumfries, Virginia, was sentenced to 24 months in prison after previously escaping to Pakistan and ultimately returning to the United States to face charges in this case. All seven conspirators have now been sentenced for stealing more than $5 million through a fraud scheme involving identity theft and credit card, bank and mortgage fraud. Hussain was

Reginald Davis, 41, West Palm Beach, Florida, and formerly of Dallas, has pled guilty to conspiracy to commit mail fraud and wire fraud before U.S. Magistrate Judge Don D. Bush.

According to information presented in court, Davis admitted he conspired with another individual, identified as a real estate

Rosario Divins, 55, San Antonio, Texas, has been found guilty by a federal jury on seven counts each of criminal contempt and mail fraud for engaging in a fraudulent foreclosure prevention scheme. Testimony during the three-day trial revealed that Divins unjustly enriched herself by collecting over $100,000 in cash from individuals in desperate financial situations who responded to

Pierre Sowell, 37, Dallas, Texas, was indicted by a federal grand jury in Plano, Texas, for several counts of mail fraud and conspiracy to commit mail fraud in connection with a mortgage fraud scheme.

According to the indictment, Sowell and an unindicted, unnamed co-conspirator are alleged to have engaged in a scheme to make false statements to mortgage lenders to obtain

Robert Wilfred Stanley, 35, Katy, Texas, has been convicted of conspiring to commit mail fraud and wire fraud as part of a scheme to defraud residential mortgage lenders and money laundering conspiracy.

As previously reported by Mortgage Fraud

Kandace Yancy Marriott, 52, Gun Barrel City, Texas, having been found guilty by a Navarro County jury of engaging in organized criminal activity, was sentenced to 99 years in prison for her role in a mortgage fraud scheme. According to prosecutors, evidence presented at the punishment stage showed Marriott received monthly mortgage payments from her clients, failed to remit