Raymond Paul Morris, 51, South Weber, Utah, pleaded guilty in federal court for his involvement in a sophisticated multi-million-dollar mortgage fraud scheme linked to properties at a Putnam County, West Virginia, subdivision.
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Ronnie Edward Duke, 45, Fenton, Michigan, pleaded guilty in connection with an extensive multi-million dollar mortgage fraud conspiracy.
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Celia Gallardo, 42, North Hills, California, a real estate agent and self-described real estate investor charged with running a million dollar-plus Ponzi scheme out companies based in the Santa Clarita Valley, has been arrested on federal wire fraud and mail fraud charges.
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John Farano, 50, Palos Park, Illinois, and Charles Murphy, 65, Chicago, Illinois, both attorneys, were sentenced along with two others following their convictions for participating in a multi-million dollar mortgage fraud scheme involving at least 40 residential properties.
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With still-high delinquency and foreclosure rates, little economic progress in depressed markets, and unscrupulous individuals taking advantage of the financially disenfranchised, 2011 was a bleak year for the mortgage industry.
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Jeffrey Weisman, 43, 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 stemming from his role as a closing attorney in a multimillion dollar mortgage fraud scheme in New Haven.
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Taya Romano, (a/k/a Taya Waldon), 36, an Oklahoma woman who formerly lived in Ridgewood, New Jersey. pleaded guilty to her role in a scheme to defraud two New Jersey families relating to the purchase, financing, and improvement of real estate in Oklahoma.
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Jay Fischer has been charged in a criminal complaint with racketeering, embezzlement, fraud, and tax crimes. The complaint filed in Marathon County, Wisconsin, included twenty-one felony and four misdemeanor counts for his alleged role in misappropriating escrow funds intended to pay off prior mortgages.
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.
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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