Thomas E. Arney, 56, Chesapeake, Virginia, pled guilty to engaging in a massive bank fraud scheme that contributed to the failure of the Bank of the Commonwealth.
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Jean Marc Eljwaidi, 44, Las Vegas, Nevada, a former employee of Triple Five Development, a company which built retail shopping malls in Las Vegas, including Boca Park and Village Square, Minneapolis, and Edmonton, Canada, pleaded guilty to wire fraud for using investor’s funds for himself, instead of for the development of commercial real estate projects.
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Gary Dimattia, 62 and Lawrence Bateman, Jr., 36, both of Las Vegas, Nevada, were indicted on August 15, 2012, for their involvement in a mortgage lending fraud case operating under the name Financial Link Services involving numerous victims.
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Pervaiz Arshad, 58, Annandale, Virginia, pleaded guilty to conspiring to commit mail fraud and wire fraud in connection with his role in fraudulent mortgage loan transactions involving nine homes in northern Virginia and approximately $1.7 million in losses to lenders.
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Andrew Brosnac, 47, Keller, Texas, a real estate broker and investment consultant, is charged with allegedly defrauding investors and lenders out of approximately $16 million in connection with the sales and leasebacks in Pennsylvania, New York, North Carolina, and Wyoming.
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Taze Claiborne “TC” Ellis, 45, and his son, Taze Jordan “TJ” Ellis, 23, both of Sacramento, California, allegedly stole more than $3.2 million from investors who were told their money was being invested in a real estate venture to buy and re-sell foreclosed homes.
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J. Patrick Brester, 40, Sarasota, Florida, is the subject of an indictment charged with one count of conspiracy to commit wire fraud affecting a financial institution and nine counts of wire fraud affecting a financial institution.
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Mark E. Greenlee, 50, Charleston, North Carolina, a former West Virginia licensed real estate appraiser, was sentenced for preparing a false and fraudulent appraisal in 2006 in furtherance of a multi-million-dollar mortgage fraud scheme perpetrated by Deborah L. Joyce and others in the Stonegate subdivision in Hurricane, Putnam County, West Virginia.
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Victor John Sifton, 47, a Canadian citizen, was convicted by a federal jury of five counts of wire fraud stemming from a hard money lending scam perpetrated by Sifton and a co-conspirator, Jason Lawson, 45, a former Park City mortgage broker.
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Satish Suri, 57, Philadelphia, Pennsylvania, was arrested on an indictment charging him with bank fraud, false statements on loans, and false statements to the Department of Housing and Urban Development (“HUD”) on a HUD-insured loan.