Larry P. Corbi Jr., 36, Buellton, California, was sentenced to 21 months in federal prison for defrauding banks by nearly simultaneously seeking home equity lines of credit from four different federally insured financial institutions.
Corbi, who resided in Marina del Rey during the course of the scheme and has since relocated to the Central Coaset, was sentenced by United States
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Ronald Johannes Sneijder, 48, Herndon, Virginia, a former owner of a title and escrow company based in the District of Columbia, pled guilty to the lead count in a recently filed indictment, bank fraud. As previously reported by Mortgage Fraud Blog, the indictment against Continue Reading...
Shafik Hirji was arrested on charges of theft in excess of $2,500 – a class B felony, and three counts of Uttering Forged Instruments – class D felonies. The arrest was made in connection with Hirji‘s alleged theft of home equity in connection with a mortgage loan.
The Office of the Nevada Attorney General announced the arrest.
“This incident is yet one more
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Marc Robert Engelman, 59, Davenport, Iowa, appeared in United States District Court on May 20, 2011, to answer an indictment charging him with two counts of bank fraud, six counts of wire fraud, and one count of conspiracy.
The indictment alleges that Engelmann, an attorney, participated in a scheme to defraud banks
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William Warren Baker, 59, Laguna Nigel, California, was convicted of stealing over $900,000 from investors in a Ponzi scheme by fraudulently promising to buy, refurbish, and re-sell distressed homes for a profit.
As previously reported by Mortgage Fraud Blog, Continue Reading...
Imelda Sanchez, 39, Nipomo, California, was arrested and arraigned on charges of orchestrating a tax scheme involving stolen identities, as well as a loan fraud scheme in which she allegedly submitted false income tax returns that overstated her income in an effort to obtain a $1.6 million loan. Sanchez was arrested at her place of business by special agents with IRS –
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Ronald Harris Jr., 41, Piscataway and West Orange, New Jersey, who owned and operated multiple foreclosure rescue companies, admitted his role in a mortgage fraud scheme that defrauded numerous mortgage lenders of over $10 million.
Harris pleaded guilty before U.S. Magistrate Judge Patty Shwartz to an Information
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Scott Olson, after pleading guilty to count 1 of the Superseding Indictment, was sentenced to probation for a term of 5 years, home confinement for a period of 9 months, a special assessment of $100 and restitution in the amount of $734,353.66.
As previously reported by Mortgage Fraud Blog, Continue Reading...
David Romo, 42, Folsom, California, a real estate developer, has been indicted by a federal grand jury returned a 12-count indictment with mail fraud, wire fraud, and money laundering, related to a real estate investment scheme that defrauded investors of more than $2.5 million.
According to the indictment, Romo, using his Sacramento, California companies Continue Reading...
Robert Randal Jones, 50, Cornelia, Georgia, was sentenced by United States District Judge William C. O’Kelley to serve 10 years in federal prison for orchestrating a conspiracy to defraud Community Bank & Trust (“CB&T“). Three other co-defendants were also sentenced for their participation in the scheme.
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