J. Christopher Daly, 49, New York, New York, and Michael Abreu, 43, Carmel, New York, two former executives at a real estate development and management company, were sentenced to 15 months and one year and one day in prison, respectively, for their roles in a scheme to fraudulently obtain $2.2 million from a foreign-owned bank.
Continue Reading...Archives For November 30, 1999
Eric H. Menden, 53, Chesapeake, Virginia, was sentenced to 138 months in prison, followed by three years of supervised release, for engaging in a $41 million bank fraud scheme that contributed to the failure of the Bank of the Commonwealth and a separate historic-tax-credit fraud scheme that cost state and federal governments over $12 million and investors more than $8 million.
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Paulette Roberts, 54, Sylvania, Ohio, has been indicted for a scheme that included falsifying documents and submitting them to bank officials to obtain credit approval for large commercial loans which would have otherwise been declined.
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Brenda East, 51, formerly of Houston, Texas, has been sentenced to 57 months in federal prison for her role in obtaining home loans in the Kirby Lofts condominium complex.
Gergawattie “Kamla” Seecharan, 49, and Bhardwaaj “Deo” Seecharan, 52, both of Orange County, Florida, were sentenced in federal court for their participation in an extensive mortgage fraud scheme.
Denise Bonfilio, 55, Pennsylvania, has been found guilty of nine counts of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.
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Francis X. Sanchez, 52, Woodstock, Illinois, was sentenced in federal court by U.S. District Judge Philip G. Reinhard to 136 months in prison for conducting a $7 million fraud scheme.
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Western Financial Planning Corporation and Louis V. Schooler, San Diego, California, have been accused of running a real estate investment fraud that raised approximately $50 million from hundreds of investors nationwide.
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Nine defendants have been charged in the latest takedown in the Operation Wax House mortgage fraud investigation in the Western District of North Carolina.
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Randal L. Walters, 55, Polk County, Iowa, appeared in federal court in Des Moines on Thursday, September 20, 2012, and pled guilty to one count of bank fraud in connection with a loan to develop a Des Moines area condominium project.
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