Kwame Nkrumah, a/k/a Roger Woodson, 57, Meriden, Connecticut, admitted his role in an extensive mortgage fraud scheme related to the purchases of numerous homes in New Haven, Connecticut.
Archives For Mortgage Fraud
Shela Amos, Indianapolis, Indiana, was sentenced to 34 years for defrauding victims by using the vacant home sale scheme whereby the defendant sold homes she did not own.
Fred Haywood, 42, Chicago, Illinois, a former loan officer, was sentenced to more than 12½ years in federal prison for engaging in a mortgage fraud scheme involving 65 real estate transactions with properties located mostly in economically-depressed neighborhoods, which netted him personally more than $700,000.
Michael Morawski, 56, Sleepy Hollow, Illinois, and Frank Constant, 59, West Dundee, Illinois, whom swindled investors out of millions of dollars in a Ponzi fraud scheme, were sentenced to federal prison and ordered to pay full restitution to their victims.
Mark P. Troehler, 38, Herrin Illinois, was indicted by a federal grand jury sitting in Benton, Illinois, on May 9, 2013, and charged with Bank Fraud.
Timothy E. Shannahan pled guilty to conspiring to commit mortgage fraud by acting as a straw buyer in a $5 million mortgage fraud scheme.
William Kevin Kelly, 59, Ocean City, New Jersey, was sentenced to 60 months in prison for a real estate scam that victimized clients and investors in the Lancaster area.
Frank Garcia, 51, Florida, pleaded guilty before U.S. District Court Judge Richard J. Arcara to fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
Oscar Torres, 47, Weston, Florida, pleaded guilty to participating in two separate mortgage fraud conspiracies. He faces a maximum penalty of 30 years in federal prison on each of the two counts.
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.