Kathleen Niew, 57, Burr Ridge, Illinois, an attorney who operated Niew Legal Partners LLC and whose law license was suspended in May 2013, was arrested on federal fraud charges for allegedly misappropriating approximately $2.34 million from a husband and wife who were her clients.
Archives For Mortgage Fraud
Theresa Sanders, a/k/a Theresa Hayes, 55, most recently of Westerville, Ohio, an attorney, Tracie Clark, 41, Wimauma, Florida, Michelle Powers, 51, DeRuyter, New York, an attorney, Steven Essig, 60, an appraiser, and Paul Sakowski, 44, both of Syracuse, New York, have been indicted for their roles in a mortgage fraud ring that operated for years and netted more than $1 million by preying upon first-time home buyers and institutional lenders.
The five defendants bilked consumers by advertising a rent-to-own opportunity in which first-time home buyers with low credit were offered the chance to own their own homes with no down payments and no closing costs. The accused then took out fraudulent loans against those properties, conned lenders into believing they were paying off underlying mortgages, and then pocketed the money. Continue Reading…
Frederick Tropeano, 47, Holmdel, New Jersey, was sentenced to 12 years with a five year, ten-month period of parole ineligibility, in a New Jersey state prison after he admitted he laundered millions of dollars through an extensive mortgage refinance fraud scheme bilking more than 40 homeowners in New Jersey and New York out of more than $7.5 million,
Mario Coniglione, 50, Staten Island, New Jersey, surrendered himself and was arrested on Friday, August 23, 2013, on charges of second degree Theft by Failure to Make Required Disposition of Property Received.
Daniel Ofei, 39, Bowie, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 37 months in prison, followed by five years of supervised release, for conspiracy to commit wire fraud in connection with a mortgage fraud scheme involving losses of at least $5 million. Judge Messitte also entered an order that Ofei pay restitution of $5,950,000.
Darin John Henecke, 37, Pocatello, Idaho, and Karen DeWall Shaw, 59, Chubbuck, Idaho, pleaded guilty in United States District Court to making false statements to the Department of Housing and Urban Development (HUD), a misdemeanor.
Aaron Michael Hymas and Tiffany Kim Hymas, both 38, North Salt Lake, Utah, were sentenced in United States District Court in Boise, Idaho, for their roles in a mortgage fraud scheme.
Pamela Stacey Gerber-Gressier, 53, Cerritos, California, is facing 108 counts of misconduct including the unauthorized practice of law in another jurisdiction, aiding in the unauthorized practice of law, collecting an illegal fee, moral turpitude and failing to return unearned fees.
Stephen Lyster Siringoringo, 32, Garden Grove, California, bar # 264161, has been disbarred for defrauding homeowners in a loan modification scam.
Brenda Ashcraft, 43, Milford, Ohio, is charged with defrauding investors of at least $15 million between 2009 and 2013 in a scheme to purchase and sell real estate through real estate investment trusts, known as REITs.