Peter McDonough, Pleasanton, California, and Michael Renquist, Livermore, California, two real estate investors, have agreed to plead guilty for their roles in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
Continue Reading...Archives For November 30, 1999
Paul Mancuso, 46, Glen Rock, New Jersey, and Pasquale Stiso, a/k/a Pat Stiso, 52, West Harrison, New York, were arrested and charged with engaging in a real estate investment fraud conspiracy that defrauded more than 15 victims of approximately $5 million from 2009 to the present.
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Randolph Branham, 46, Destin, Florida, a former mortgage broker, was sentenced in federal court to two years in prison and ordered to pay over $1.8 million in restitution, having been adjudicated guilty of multiple bank fraud violations.
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Michael Wayne Harding, 59, Keswick, Virginia, a local businessman and former commercial real estate agent, pled guilty to federal fraud charges.
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Gary Dimattia, 62, Las Vegas, Nevada, pled no contest in connection with his operation of a mortgage lending fraud scam, including four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.
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Four Tucson, Arizona area individuals have pled guilty to their roles in a mortgage fraud case: William Michael Naponelli, Bryan Atwood, Walter Scott Fruit and Sandra Jackson.
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Derrick Phelps, 44, Katy, Texas, who owned and operated two mortgage industry businesses, Cynthia Phelps, 34, his wife, and Linda Mack, 49, North Las Vegas, Neveada, an escrow officer, were indicted by a federal grand jury on conspiracy and bank fraud charges in relation to an $83 million mortgage fraud scheme.
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William R. “Rusty” Beamon, Jr., 52, DeKalb County, Georgia, a former bank employee, has been indicted by a federal grand jury on February 26, 2013, on charges arising out of a scheme to defraud his former employer Appalachian Community Bank (also known as Gilmer County Bank).
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Alicia Holmes, 49, pled guilty to a three-count indictment, charging Holmes with devising and operating a scheme to defraud individuals and entities of hundreds of thousands of dollars in accommodations, goods, services, and money.
Che M. Brown, 45, Washington, D.C., was sentenced to three months of incarceration on a federal charge of bank fraud stemming from a scheme in which he submitted false documents to a mortgage lending service to win approval of a modification on a mortgage for his residence.