Andrew B. Katakis, Danville, California, is now the subject of a superseding indictment charging him with obstruction of justice related to a federal investigation into conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.
Archives For November 30, 1999
Jacob John Cunningham, 26, and John D. Silva, 28, both from Irvine, California, Justin Dennis Koelle, 23, Costa Mesa, California, and Dominic Adam Nolan, 32, Irvine, were convicted on May 8, 2013, of defrauding hundreds of victims in a real estate scam that included fraudulently collecting upfront fees for loan modification services and sending fake letters with the CitiFinancial or CitiMortgage logos offering home loan modification assistance.
Valeri Kalyuzhnyy, 41, Orangevale,California, was indicted by a grand jury and charged with making false statements on a loan and credit application and money laundering.
Ricardo Fabian Salinas, 34, Los Angeles, California, pleaded guilty to bank fraud in connection with a mortgage fraud scheme perpetrated in Bakersfield, California.
Anthony Haynes, 54, Seffner, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich to one year and one day of imprisonment on two counts of wire fraud in connection with a fraudulent mortgage scheme.
Lorraine Brown, 51, Alpharetta, Georgia, former president of mortgage document processor DocX, was sentenced to 40 months to twenty years in prison on one count of Conducting Criminal Enterprises (Racketeering) for her role in authorizing the fraudulent signing of mortgage documents filed in Michigan.
Shervin Neman, whose given name is Shervin Davatgarzadeh, 31, Century City, California, was arrested by FBI special agents after he was charged with running a Ponzi scheme and then bilking another victim out of millions of dollars that he used to pay back earlier victims after the S.E.C. took him to court.
Kareem Serageldin, the former Managing Director/Global Head of Structured Credit in the Investment Banking Division of Credit Suisse Group, pled guilty to mortgage-related fraud.
Bryan Joseph Lenton, 33, Oakdale, Minnesota, was sentenced for his role in a mortgage fraud scheme that caused losses to lenders exceeding $7 million.
Bank of America will pay $500 million to settle lawsuits by investors nationwide, including the Oregon Public Employees Retirement Fund, against Countrywide Financial Corp.