Travis Richard Hymas, 29, American Fork, Utah, formerly of Meridian, Idaho, was sentenced in United States District Court to 24 months in prison followed by three years of supervised release for wire fraud.
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John Allen, 54, Laguna Hills, California, has been charged in a superseding indictment for submitting fraudulent loan applications to mortgage lenders on behalf of the straw buyers.
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Audrey Yeboah has been charged with allegedly executing a scheme to defraud mortgage lenders by means of material false and fraudulent pretenses, representations, and promises, and the concealment of material facts.
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George Cavallo, 47, Kirkland, Washington, his wife, Paula Hornberger, 41, Kirkland, Washington, and Joel Streinz, 54, Nokomis, Florida, a former police officer, were sentenced by U.S. District Court Judge Elizabeth A. Kovachevich to federal prison terms for their roles in a mortgage fraud scheme.
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Alexander Iler, 38, Middletown, New Jersey, was arrested on a charge of second-degree theft for fraudulently converting the ownership of a Middletown property to his own name.
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Seven people have been charged for their alleged involvement in a mortgage fraud scheme totaling nearly $5 million. The individuals allegedly defrauded lenders by using straw buyers, filing false liens with county officials, laundering money, and inflating prices quoted to lenders.
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Mohamed Mahmow, 34, Syracuse, New York, was sentenced to 63 months imprisonment for fronting drugs to addicts whom he knew owned real property. Once the addict had incurred a sufficiently substantial drug debt, Mahmow would require the addict to sign over any real property they owned.
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Anthony J. DeMarco, III, 33, Conshohocken, PA, was sentenced to 25 years in prison for conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $30 million in loans.
Paul L. Hartfield, 56, Overland Park, Kansas, has been sentenced to 78 months in federal prison on bank fraud charges. He was ordered to pay approximately $2.6 million in restitution.
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17 defendants have been charged with racketeering, investment fraud, mortgage fraud, bank bribery, and money laundering. 14 additional defendants have agreed to plead guilty in connection with the latest criminal charges resulting from “Operation Wax House,” a mortgage fraud investigation.
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