Ralph Leyva pleaded no contest to three counts of grand theft and one count of burglary. The defendant, who had no previous criminal history, received the maximum prison sentence and was ordered to pay full restitution to the victims.
Prosecutors said Leyva solicited money from two victims under the false pretenses that he was selling them bulk foreclosed properties owned by Fannie Mae and Freddie Mac at a 30 percent discounted price. The victims believed that the sales were being facilitated by California R.E.O. Services, LLC, which Leyva operated out of a Fresno address.
Porn studio Malibu Media files a lot of copyright lawsuits—more than any other entity in the US. In all, the company has filed more than 4,300 lawsuits since 2009, according to a report by Lex Machina. Malibu relies on a network of attorneys in several states to sue thousands of Internet users for downloading Malibu’s pornographic movies.
Now, one of the main figures behind the litigation, attorney Paul Nicoletti, is in trouble with the law. This summer, Nicoletti was indicted on four charges of bank fraud, stemming from real estate deals he did back in 2005. The charges were unsealed three weeks ago and published on Saturday by the blog Fight Copyright Trolls.
Brent Barber’s presence in Kansas City was once likened to that of a hurricane.
That comparison was made by the U.S. Attorney who in 2006 prosecuted the Belton man for his mortgage fraud scheme, which left sections of midtown and the East Side in ruins.
A former Anna Maria Island real estate agent accused of bilking vacationers of $200,000 was indicted Sept. 1 and now faces a federal mail fraud charge and trial.
The U.S. District Court arrested Michael Perry Carleton of Bradenton Sept. 3 when he turned himself in the day after a federal clerk issued a warrant in connection with a grand jury indictment, according to U.S. Postal Inspector Alexandra Papageorge.
A Florida homebuilder pleaded guilty Friday in federal court in connection with a $2.4 million bank fraud scheme involving Joseph Nocito Jr., president of Castle Mortgage in McCandless.
Mark Sosso, 43, owner of Sosso Homes in Sarasota, waived indictment and pleaded to a count of conspiracy before U.S. District Judge Arthur Schwab, who set sentencing for January.
A Vallejo man was sentenced to prison Thursday for one count of selling unregistered securities, according to an announcement by the U.S. Attorney’s Office.
Ken Sarna, 50, was one of a number of people indicted in 2010 in a real estate investment scheme operated under the name Heaven Investments Holding Co. (HIHC).
Federal prosecutors are charging a Charleston mortgage lender with raising $800,000 from investors and spending most of the proceeds on personal expenses.
U.S. Attorney Bill Nettles said Alison Vance White told his financial backers that their money would go to clients who wanted to buy homes but couldn’t qualify for traditional loans
A senior loan officer at a defunct South Hills mortgage company pleaded guilty Tuesday to his role in an extensive mortgage fraud scheme just as he and the former company president were set to go on trial in federal court.
Robert Denne of Jefferson Hills, a former top loan officer at Century III Home Equity and later CrossCountry Mortgage, pleaded to bank and wire fraud and will be sentenced in December.
A former Minnesota real estate developer was sentenced to 6 1/2 years in prison for tax evasion and fraud.
Fifty-seven-year-old Bartolemoea Montanari, formerly of Bayport, was sentenced Wednesday. Montanari was also ordered to pay mandatory restitution of $100,000 and, additionally, to pay more than $1.5 million as a special assessment for the taxes, interest and penalties owed.