Gloria Arias, 44, Weston, Florida, pleaded guilty to making material misrepresentations to a financial institution. Arias faces a maximum penalty of 30 years in federal prison for her involvement in this mortgage fraud offense. According to the plea agreement, Arias worked as a mortgage broker for Synergy Lending Group. The owner of Synergy Lending also […]
Continue Reading...Archives For November 30, 1999
Seven people were charged with mail fraud, wire fraud, and making false statements in connection with a mortgage fraud scheme involving the purchase of at least 23 homes.
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Kevin Hymes, 40, North Castle, New York, pled guilty to his role in a real estate fraud scheme whereby he misappropriated deposits and closing funds.
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Edward Johnson, 52, Milton, Massachusetts, pled guilty to bank and wire fraud charges in connection with a property flipping scheme.
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Six of seven defendants indicted in connection with the CDC Investments mortgage fraud scheme have been sentenced by U.S. District Judge Robert J. Jonker.
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Michael Saad, 49, an Iowa resident, was sentenced to six months’ imprisonment, followed by six months’ home confinement, for willfully overvaluing property for the purpose of influencing a federally insured credit union.
Stephen B. Lopez, 57, Lafayette, California, was arrested on Thursday, March 28, 2013, on mail fraud, wire fraud and money laundering charges for allegedly misrepresenting assets to lenders.
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Joe Don Johnson, 43, Midwest City, Oklahoma, was sentenced by United States District Judge David L. Russell to serve 118 months in prison for conspiracy to commit money laundering in connection with a Ponzi scheme involving a real estate investment scam.
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Keith Michael Courtney, 31, Albuquerque, New Mexico, was found guilty by a federal jury of wire fraud charges after a three-day trial.
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LaFrances Dudley O’Neal, 49, Clinton, Maryland, has been found guilty by a jury for her part in a mortgage fraud scheme that cost lenders more than $900,000.
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