Jeffrey Gonsiewski, 56, Wood Dale, Illinois, a former suburban bank vice president pleaded guilty to federal fraud charges, admitting that he changed the terms of at least 100 loans for at least 50 customers and caused the bank to lose at least $5.5 million. Gonesiewski, formerly vice president of the loan department at First Security
Continue Reading...Archives For August 31, 2010
Aaron V. Hernandez, 41, McLean, Virginia, was sentenced to 63 months in prison, followed by four years of supervised release, for running a mortgage fraud scheme that caused more than $4.5 million in losses. Hernandez was ordered to pay more than $4.5 million in restitution and was ordered to forfeit approximately $2.4 million.
On May 21, 2010, Continue Reading...
Olusola Idowu, 57, Hagerstown, Maryland, was sentenced by U.S. District Judge Marvin J. Garbis to 46 months in prison, followed by three years of supervised release, for wire fraud, bankruptcy fraud, making false statements in a bankruptcy proceeding, filing a false tax return and failing to file a corporate tax return. Judge Garbis also entered an order requiring Idowu to pay restitution of $425,000.
Mark Alan Abrams, 49, Los Angeles, California, a former mortgage broker who helped orchestrate a massive mortgage fraud scheme that caused well over $40 million in losses, was sentenced to 78 months in federal prison.
Abrams was sentenced by United States District Judge Dean D. Pregerson. In addition to the prison term, Judge Pregerson ordered Continue Reading...