Samir Nel Cabrera, 31, Fort Meyers, Florida, a real estate agent, was indicted on charges that he devised a scheme to defraud, to obtain money, and to deprive persons and entities of the intangible right of honest services. According to media reports, Cabrera was found
Continue Reading...Archives For January 2009
Nicole Lyder, 34, Dorchester, Massachusetts, pled guilty in Suffolk Superior Court to multiple charges in connection with her fraudulent activity in securing subprime mortgages for several unqualified home buyers.
Lyder pled guilty to charges of Forgery (6 counts), Larceny of Bank Credit by False Pretenses (5 counts), Uttering a False Document (6 counts), and Making or Publishing
Continue Reading...
The State of Michigan has been appointed lead plaintiff in the national securities class action lawsuit against the Bear Stearns Companies and five current and former executives and directors for allegedly misleading pension funds and other investors by failing to appropriately mark down its huge portfolio of securities containing subprime mortgage-backed securities.
The lawsuit claims Bear
Continue Reading...
LaDonna Mullins, 74, Denver, Colorado, was sentenced by U.S. District Court Judge Marcia S. Krieger to serve 3 years probation, during which the first 15 months are to be spent in home detention for wire fraud. Mullins was also ordered to forfeit $44,292 in a money judgment as well as pay restitution totaling $66,459.
LaDonna
Continue Reading...
Ronald E. Brown, Jr., 39, Gladstone, Missouri, pleaded guilty before U.S. Chief District Judge Fernando J. Gaitan to to his role in a $12.6 million mortgage fraud scheme that involved 25 residential properties in Lee’s Summit and Raymore, Missouri. Brown was charge in an Oct. 29,
Continue Reading...