David P. Gaylord, 52, Rochester, New York, who was convicted of bank loan application fraud, was sentenced to time served and five years’ supervised release and ordered to pay $46,914.73 in restitution.
Archives For November 30, 1999
Thomas Richard Jager, 64, Bettendorf, Iowa, has been charged with drafting and faxing false remittance reports to investors in mortgage pools and submitting false end of the year reports to mortgagors.
Carline M. Charles, 41, Silver Spring, Maryland, who ran a business that supposedly would rescue distressed homeowners from foreclosure, has been sentenced to three-and-a-half years in prison for her role in a mortgage fraud scheme that cost homeowners over $774,000 and lenders more than $1 million.
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Richard B. Gillette, 30, Springfield, Missouri, has been sentenced in federal court for mortgage fraud.
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Pervaiz Arshad, 58, Annandale, Virginia, was sentenced to 48 months in prison, followed by three years of supervised release, for his role in fraudulent mortgage loan transactions involving nine homes in northern Virginia and nearly $1.7 million in losses to lenders.
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Bradford J. Rieger, 56, Branford, Connecticut, was sentenced by United States District Judge Janet C. Hall to 24 months of imprisonment, followed by five years of supervised release, for his role in a multimillion dollar mortgage fraud scheme.
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Daniel Gherasim, 36, Citrus Heights, California, was indicted by a federal grand jury for bank fraud, false statements on a loan and credit application, money laundering, and structuring in connection with an alleged scheme to defraud a bank in obtaining a home equity loan.
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Walter R. Zimmerer, III, age 70, Colts Neck, New Jersey, formerly owner of Zimmerer Custom Homes in LeClaire, Iowa, was sentenced by United States District Judge Stephanie M. Rose to one-month imprisonment and 12 months home confinement, having previously pleaded guilty to nine counts of bank fraud.
Michael T. Pines, 60, Carlsbad, California, an attorney who made national headlines for advising clients to break into their foreclosed homes, may be stripped of his law license.
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Peter Wilkinson, 43, Eugene, Oregon, pled guilty to conspiracy to commit bank fraud and bank fraud charges related to a mortgage fraud scheme in Central Oregon.
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