Eight people accused of illegally taking possession of other people’s vacant or abandoned houses have been indicted. All of the defendants were indicted in connection with the abuse of affidavits of adverse possession and are now facing trial on charges of burglary of a habitation and theft.
Archives For November 30, 1999
Gregory Flores, former manager at All Fund Mortgage in Anaheim Hills, was sentenced to 144 months imprisonment and three years of supervised release for his role in a mortgage fraud conspiracy and evading taxes.
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Jeffrey Egan, Troy, Michigan, pleaded guilty to bank fraud in connection with an investment fraud scheme in which over a dozen victims were defrauded of over $1 million. Egan, operated a company called Real Estate Capital Group (RECG) from 2004 through 2008. He promised investors that their investments were fully secured with real estate.
Menachem Yosef Levitin, 27, New Haven, Connecticut, waived his right to indictment and pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud and bank fraud. The charge stems from Levitin’s participation in a $10 million mortgage fraud scheme in New Haven.
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Kelly Gearhart, 50, Wadsworth, Ohio, a real estate developer who formerly resided in Atascadero, California, was indicted on federal fraud and money laundering charges that accuse him of bilking investors who put money into Central Coast California real estate projects””money that was siphoned off for other purposes, including maintaining a lavish lifestyle.
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All Net Escrow, a purported online escrow company engaged in escrow transactions, has been issued a cease and desist order for a scam involving the sale of time share properties.
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Kevin Grady Sr., 48, Grand Rapids, Michigan, was sentenced for wire fraud, bank fraud and making false statements to the FBI and Edward Hessie Sumrell, 55, Grand Rapids, Michigan, was sentenced for making a false statement to the FBI, both in connection with a mortgage fraud scam.
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Scott Eric Perry, 35, Brookwood, Alabama, was sentenced to 18 months in prison on false statement charges related to an almost $750,000 mortgage fraud scheme in the Birmingham, Alabama area.
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Gaetano Antonell, 62, Brooksville, Florida, has been arrested and charged with organized fraud for his role in a foreclosure rescue scam. The defendant persuaded homeowners to deed their properties to him then he would list the properties on Craigslist for sale.
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Jason Dade, 37, Chicago, Illinois, a licensed real estate agent and the owner of Round Table Enterprises, Inc., Cheryl Ware, 47, Shorewood, Illinois, a licensed loan originator, Tiffini Chism, 36, Glenwood, Illinois, also a licensed loan originator, and Tamika Peters, 34, Country Club Hills, Illinois were indicted for allegedly participating in a scheme to fraudulently obtain at least 42 residential mortgage loans totaling approximately $9.1 million from various lenders.
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