Paul R. Tomko, 39, Cleveland, Ohio, a former paid cooperator for a federal law enforcement agency, is the subject of an eight-count indictment for mortgage and student aid fraud.
Continue Reading...Archives For November 30, 1999
Paulo Montenegro, 45, and his wife, Rosana Pereira, 48, Weston, Massachusetts, have been sentenced in connection with fraudulently obtaining tens of thousands of dollars in Section 8 public housing subsidies and defrauding mortgage lenders.
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Joann Smith, 47, and her boyfriend, Wayne Betha, 42, Ewing, New Jersey, who ran a real estate firm, pleaded guilty to stealing from home sellers by diverting proceeds from home sales, and also defrauding mortgage companies by falsifying the earnings of loan applicants.
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Adebowale Sheba, 41, Franklin Township, New Jersey, has pled guilty to mortgage fraud in connection with his use of an alias and false information to obtain a loan.
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David C. Christian, 62, Catonsville, Maryland, real estate appraiser, pleaded guilty to conspiracy to commit wire fraud.
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Wayne L. Palmer and his firm, National Note of Utah, LC, West Jordan, Utah, have been issued a temporary restraining order and have had their asset frozen by The Securities and Exchange Commission for allegedly operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide.
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Thomas Komasa, 47, and his wife Heidi Komasa, 39, Saugerties, New York, were convicted on charges stemming from an alleged mortgage fraud scheme.
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Jeffrey Russell Huldtquist, 47, Hoover, Alabama and William Crawford Kellum, 52, Homewood, Alabama have been indicted on charges they defrauded a bank by presenting false statements in order to obtain mortgage loans.
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Jeffrey Dillard Square, 50, Center Point, Alabama has been indicted for bank fraud in connection with a $61,000 mortgage loan scheme.
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Clayton A. Coe, 45, McDonough, Georgia, a former Senior Commercial Loan Officer for FirstCity Bank of Stockbridge, Georgia, which failed and was seized by the FDIC and state banking authorities in March 2009, pleaded guilty to bank fraud in connection with an $800,000 loan that he tricked FirstCity Bank’s Board of Directors into approving and from which he personally profited.
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