Jill Reding, Tonya Ruf, and Katherine J. Frisk, three former employees of now defunct Pierce Commercial Bank, were sentenced to prison terms for their roles in the mortgage fraud scheme that substantially contributed to the demise of the bank.
Continue Reading...Archives For November 30, 1999
Thomas Joseph O’Meara, III, 66, Palm Desert, California, a real estate developer, was sentenced to 78 months in prison for wire fraud and money laundering arising out of a real estate investment fraud scheme in which he defrauded more than 50 victims of more than $16 million.
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Teresa Jean Whitten, 39, Liberty, Missouri, who operated a real estate business has been indicted by a federal grand jury for her role in a $5 million mortgage fraud scheme.
Samuel Thomas Geren Jones, 32, Spokane, Washington, was sentenced in federal court in Coeur d’Alene, Idaho, to 37 months in prison, followed by three years of supervised release for his role in a real estate investment scam.
Jonas Rogers, 54, Detroit, Michigan, was sentenced to 78 months in prison for his role in a mortgage fraud and identity theft scheme.
Antoinette Payne, 44, North Royalton, Ohio, a loan officer, was sentenced to more than two years in prison for a mortgage-fraud scheme that resulted in a loss of more than $1 million.
Scott S. Schuhriemen, 38, Sarasota, Florida, pleaded guilty to conspiring to make false statements to Branch Banking and Trust, an FDIC insured financial institution.
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Simon Saeid Koli was sentenced in federal court to serve 30 months in custody, followed by three years’ supervised release, for his role in a conspiracy to commit mail fraud, wire fraud, and money laundering in connection with a mortgage fraud scheme involving four expensive homes.
Douglas E. Brandewie, Port Huron, Michigan, a bank president, will pay $185,000 and was permanently barred from the banking industry as a result of his felony conviction for making false statements to the Federal Deposit Insurance Corporation (FDIC).
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Joann Smith, and her boyfriend, Wayne Betha, Ewing, New Jersey, who ran a real estate firm, were sentenced for stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifying the earnings of loan applicants.
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