Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan, New York, federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11 have pled guilty.
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Josephine Santana, 57, a mortgage broker, of Miami-Dade County, Jose Rafael Martinez, 36, of Miami-Dade County, and Basilio Gomez, 52, of Miami-Dade County, pled guilty to charges of conspiracy to commit mail fraud in connection with a multi-million dollar mortgage fraud scheme at the luxury Jade apartment complex
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Linda Irene Rovetto, 69, Lake County, Florida, was sentenced in federal court for her participation in a bank fraud conspiracy scheme. Rovetto had previously pled guilty to converting and misdirecting more than $3.5 million of real estate escrow funds
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Xi A. “Andy” Lieng, aka A. Xi Lieng, 43, Fresno, California, a self-employed produce broker, was sentenced to 10 years and one month for his involvement in cultivating nearly 4,000 marijuana plants in homes in Fresno and Mendocino Counties, California, that had been acquired through mortgage fraud.
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Timothy McCabe, 47, and Theresa Morales, 48, Hypoluxo, Florida, have been indicted for bank fraud.
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Making All Homes Affordable, LLC (“MAHA”) and its owner Albert Figueroa, Phoenix, Arizona and La Paz Source, LLC, its owners, Maria Beltran and her husband, Francisco Ramos, Tucson, Arizona and their new operation La Placita Multi Services, LLC owned and operated by Beltran and an individual named Arturo Gomez Leon had lawsuits filed against them for selling mortgage modification services to distressed homeowners.
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William David (Bill) Strong, Missouri, has been convicted of securities fraud and unlawful merchandising practices for his role in the real estate investment scheme perpetrated by Greenleaf Companies and The Real Estate Company in Springfield, Missouri.
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Chad Arthur Anderson, 38, and Troy Allen Huston, 42, both of Chisago City, Minnesota, two mortgage loan officers, pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
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Danli Liu, Fremont, California, a Northern California real estate investor, has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Michael Hodges, 53, New London, Connecticut, was sentenced to 18 months of imprisonment, followed by two years of supervised release, for his participation in an eastern Connecticut mortgage fraud scheme.
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