David Singui, 49, Inglewood, California, and Aziz Meghji, 35, Los Angeles, California, the top two managers at a mortgage brokerage company have been arrested on federal charges relating to a foreclosure avoidance and equity-skimming scheme that targeted distressed homeowners.
Continue Reading...Archives For November 30, 1999
James Thomas Webb, 51, North Carolina, has been charged in a 50-count indictment which includes conspiracy to commit bank and wire fraud, and making false statements to influence banks on loans and aiding and abetting.
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Dean Counce, 42, Spring Hill, Florida, pleaded guilty to conspiracy to commit wire fraud in connection with inspections of foreclosed properties.
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Michael Wayne Harding, 59, Albemarle County, Virginia, has been charged in a seven-count indictment with two counts of mortgage fraud, two counts of money laundering and three counts of bankruptcy fraud.
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Tashia Winstanley, 38, Holly, Michigan, who ran a fraudulent foreclosure-rescue operation that scammed at least 60 victims across the state out of more than $250,000, has been sentenced for her crimes.
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Gregory Lashon Thomas, 41, Desoto, Texas, has been convicted of various offenses related to a multimillion dollar mortgage fraud scheme he ran in the Dallas,Texas area.
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Lester Soto, 56, Freehold, New Jersey; Klary Arcentales, 44, Lyndhurst, New Jersey; Antonio Pimenta, 44 Irvington, New Jersey; Adilson Silva, 46, Union, New Jersey; Linda Cohen, 54 Orange, New Jersey;Michael Rumore, 54, New Jersey; Issac DePaula, 33, and Rodrigo Costa, 32, both of Brazil, have been charged with conspiracy to commit bank fraud and money laundering in a long-running, large-scale mortgage fraud scheme that caused losses of over $30 million
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Kenneth Koehler, 42, Baltimore, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme in which fraudulent loans were obtained on six properties, all of which subsequently went into foreclosure.
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Michael Sweigart, the last suspect in a multi-state real estate telemarketing ring, is now in custody.
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James Pilon, 68, and Verna Pilon, 59, Joliet, Illinois, have been sentenced to federal prison terms for engaging in a brazen investment fraud scheme that swindled more than $1 million from approximately 40 victims, causing some of them to lose their homes and financial security while the couple spent the money primarily on themselves.
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