Barry Winnett, 49, Roseville, California, was sentenced by United States District Judge Morrison C. England Jr. to three years and two months in prison and full restitution for wire fraud for his participation in a scheme that defrauded real estate investors of $2.9 million.
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James Darrell Ober, 43, Hudson, Wisconsin, pleaded guilty to one count of racketeering in connection with a mortgage fraud scheme that involved dozens of properties and millions of dollars in Federal Housing Administration-insured mortgages.
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John E. Evans, III, 32, Fort Myers, Florida, was sentenced to 18 months in federal prison for wire fraud in connection with making false representations in a mortgage loan application.
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Gaston E. Cantens, 73, of Miami, was charged in a criminal Information with one count of conspiracy to commit mail and wire fraud for making false promises to investors that their investments would be guaranteed by properties or mortgages that acted as collateral.
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Consumers are warned to be cautious in dealing with several enterprises offering seminars on how to “get rich quick” in real estate, which may include illegal practices such as equity skimming, preparation of false documents and pass-through escrows.
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Eitan Maximov, 39, a citizen of Israel and lawful permanent resident of the United States, was convicted after a six-day jury trial on one count of conspiracy to commit wire and bank fraud and one count of wire fraud as a result of his leadership in a cash-back mortgage fraud scheme that took place during 2006-2008.
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The Fourth District Court of Appeal has been asked to certify that its recent decision in Law Offices of David Stern, P.A. v. State of Florida passes upon a question of great public importance. The Stern case is significant because FDUPTA is the principal enforcement tool available to the Attorney General’s Office to remedy foreclosure-related misconduct.
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Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.
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David Shawn Moffitt, 34, the owner of a loan modification business with offices in Lehi and St. George, Utah, has been charged with 9 felony counts for allegedly defrauding hundreds of desperate homeowners.
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Chad Evans, 37, Brookville, Indiana, was sentenced by U.S. District Judge James Moody to 70 months in federal prison for conspiracy to commit wire fraud, bank and mail fraud, and money laundering for his role in a straw buyer scheme.
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