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.
Archives For November 30, 1999
Scott S. Schuhriemen, 38, Sarasota, Florida, pleaded guilty to conspiring to make false statements to Branch Banking and Trust, an FDIC insured financial institution.
Continue Reading...
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).
Continue Reading...
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.
Continue Reading...
Frederick “Freddie” Grippo, 32, Old Bridge, N.J., admitted his part in a phony foreclosure rescue scheme that was part of a $4.4 million mortgage fraud.
Continue Reading...
Michael G. Bouchard, 49, Albany, New York, was convicted by a jury on four felony counts resulting from Bouchard’s role in a series of mortgage frauds in the Northern District of New York.
Continue Reading...
LaShawn K. Ford, 40, Chicago, Illinois, an Illinois State Representative who also invested in real estate in Chicago, was indicted on federal bank fraud and related charges for allegedly fraudulently obtaining a line of credit from the failed ShoreBank and obtaining multiple advances by making false statements about his intended use of the funds.
Continue Reading...
Michele Marie Mitchell, 45, was sentenced by U.S. District Judge James A. Teilborg to a term of 30 months in federal prison, restitution of $110,490 and three years of supervised release.
Continue Reading...
Alexander Sivels, II, 28, Baltimore, Maryland, pleaded guilty to wire fraud involving the fraudulent purchase of at least nine properties in Baltimore using fraudulent loan documentation and settlement documents, resulting in actual or attempted losses of more than $1 million.
Continue Reading...