Timothy Ricks, 45, East Orange, New Jersey, a former property manager, admitted to conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Continue Reading...Archives For November 30, 1999
Brandon Shepherd, owner of Freedom Financial, the CORE Foundation, and the Sberna Foundation, pleaded guilty to two counts of theft. An employee of Shepherd, Garland Ward, pleaded guilty to a charge of attempted theft. Laura Habre George and Jeff Sadler, both appraisers, also pleaded guilty to their roles in the scam.
Continue Reading...
Brent Edward Lovett, 50, Henderson, Nevada, following a six-day jury trial, was convicted of bank fraud for making false statements to a federally insured credit union to obtain a $7.5 million commercial real estate loan.
Joel Blanford, 44, San Ramon, California, was sentenced by U.S. District Judge William B. Shubb to 30 months in prison, to be followed by three years of supervised release, for a mortgage fraud scheme.
Michael Wilkerson, 47, Pottstown, Pennsylvania, and Denise Haines, 43, Birdsboro, Pennsylvania, were convicted of engaging in a scheme to defraud JP Morgan Chase’s predecessor, Chase Manhattan Bank, by fraudulently obtaining home loans valued at more than $6 million
Continue Reading...
Cynthia Suratos Lorica, 51, Hayward, California, was sentenced to 18 months in prison and ordered to pay more than $1 million in restitution for bank fraud and tax evasion.
Continue Reading...
John Cooper Bolt, Jr., 39, Greenville, South Carolina, a commercial loan officer, pled guilty in federal court to mail fraud, a violation of Title 18, United States Code, Section 1341.
George Zevada, 33, Tony Phan, 35, Miguel Arenas Sr., 53, and Troy Chattariyangkul, 34, all of Southern California, were arrested for their alleged roles in a mortgage fraud scam.
Continue Reading...
Jonathan Propp, 48, McLean, Virginia, pleaded guilty to conspiring with others to steal more than $20 million from Host Hotels and Resorts L.P. (Host), one of the nation’s largest hotel owners, by executing a series of illegal sales of hotels.
Continue Reading...
Ashley Elizabeth Prasil, 28, a North Carolina resident, formerly of Eden Prairie, Minnesota, was sentenced in federal court for her role in a scheme that defrauded mortgage lenders out of approximately $8.9 million.
Continue Reading...