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.
Archives For November 30, 1999
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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John Bravata, 45, and Antonio Bravata, 25, Brighton, Michigan, a businessman and his son, were found guilty by a federal jury of conspiracy and multiple counts of wire fraud.
Gershon Barkany, 29, Far Rockaway, New York, was arrested by the FBI based on a criminal complaint alleging that the he defrauded investors by promising to use their money in risk-free deals to purchase and then immediately re-sell at a profit large real estate properties located in New York City and New Jersey.
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Hussein “Sam” Nazzal, 58, Dearborn, Michigan, a businessman, and Edward A. Schneider, 59, Dearborn, an attorney, were found guilty of multiple counts of fraud and commercial bribery after a three-week trial before U.S. District Judge David M. Lawson.
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George Kubini, 48, Verona, Pennsylvania; Dov Ratchkauskas, 46, Pittsburgh, Pennsylvania; Sandra Svaranovic, 52, Pittsburgh, Pennsylvania; and Arthur Smith, 63, Pittsburgh, Pennsylvania, have been indicted by a federal grand jury on charges of conspiracy, wire fraud, bank fraud, filing false tax returns, and failing to file tax returns.
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Alexander A. Romaniolis, 48, Irvine, California, was arrested in Huntington Beach, California, for mortgage fraud relating to an alleged straw buyer scheme.