Kevin M. Mahoney, 44, Stilwell, Kansas, has been sentenced to 15 months in federal prison on bank fraud charges. In addition, he was ordered to pay a $5,000 fine.
Continue Reading...Archives For November 30, 1999
Jesse C. Litvak, 38, New York, was indicted by a federal grand jury sitting in New Haven, Connecticut, on 16 counts of securities fraud, Troubled Asset Relief Program (TARP) fraud, and making false statements to the federal government.
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David F. Baker III, 62, Sewickley Heights, Pennsylvania, pleaded guilty in federal court to a charge of bankruptcy fraud conspiracy admitting that he defrauded two lenders.
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Willie G. Manley, Jr., 62, Lansdale, Pennsylvania, was charged by criminal Information, with one count of conspiracy to commit loan and wire fraud, three counts of loan fraud, one count of making a false statement in connection with a Federal Housing Administration Loan, two counts of wire fraud, and aiding and abetting.
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Ronald Vernon Cupp, Randall Gilbert Heyden and Angelle Wertz have been arrested and charged for their roles in an alleged mortgage fraud scheme targeting struggling Northern California homeowners.
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Philip Rucker, 39, Gary, Indiana, was sentenced to 30 months in prison for his role in a mortgage fraud scam involving loan application misrepresentations. Rucker was a recruiter in the scheme locating individuals to purchase real estate.
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Finlock Financial Group, LLC, is the subject of an order to immediately cease and desist from conducting unlicensed activities as a mortgage broker and lender without first obtaining a license or registering under the Mortgage Brokers, Lenders, and Servicers Licensing Act (MBLSLA).
Nine people involved in a long-running, large-scale mortgage fraud scheme that caused losses of approximately $10 million were charged in two complaints with conspiracy to commit bank fraud.
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10 individuals have been indicted on 44-counts for their alleged roles in a mail and wire fraud conspiracy involving timeshare mortgages.
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Arthur R. Seaborne, 70, Sarasota, Florida, was sentenced by U.S. District Judge Steven D. Merryday to 5 years in federal prison for conspiring to commit bank fraud in connection with his role in a residential loan program.
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