Five defendants, who each pleaded guilty to one count of conspiracy to commit wire fraud stemming from their participation in a mortgage fraud scheme that involved approximately $9 million in fraudulent loans, have been sentenced.
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Lynn Truong, aka Linh Thi Truong, 40, Clovis, California, was sentenced today to 21 months in prison for a conspiracy to defraud lenders while buying homes to use to grow marijuana.
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Ryan Zimmerman, previously of Culver City, California, Consumer Advocates Group Experts, LLC, and Advocates for Consumer Affairs Experts, LLC, are the subjects of a civil lawsuit for violations of Ohio’s consumer laws, including failure to deliver and failure to provide refunds for home loan modification assistance.
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Sandy P. Kim, 43, Ellicott City, Maryland, was sentenced by U.S. District Judge Ellen L. Hollander to two years in prison followed by three years of supervised release for wire fraud.
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Lisa Wright, 46, and Cathy Saffer, 52, Pompano Beach, Florida, were sentenced to serve 66 and 60 months respectively for defrauding homeowners and mortgage lenders as part of a foreclosure rescue scheme.
11 individuals were sentenced by U.S. District Judge Elizabeth A. Kovachevich for their participation in a large-scale, Sarasota, Florida-area mortgage fraud scheme.
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Regina M. Preetorius, 45, Goodyear, Arizona, has been charged by a federal grand jury in a 13 count indictment for defrauding investors and homeowners and laundering the proceeds of that fraud.
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Dameene R. Dedrick, 39, Sacramento, California, pleaded guilty to two counts of bank fraud and one count of mail fraud.
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Norman Montalvo, Concord, California, a Northern California real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Bassam Hajyousif, 44, Oak Park, Illinois, pleaded guilty to defrauding a bank of approximately $48.8 million involving two failed condominium conversion projects in downtown Chicago, Illinois, that he and a partner were involved with between 1999 and 2003.
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