Bella Homes LLC was sued in a civil action for orchestrating a foreclosure rescue scheme, which has ended in a Consent Judgment and signals the end of a national foreclosure rescue scheme.
Continue Reading...Archives For November 30, 1999
Shawna Lea Pennington, 40, Caldwell, Idaho, pleaded guilty in U.S. District Court to bank fraud and bankruptcy fraud for making misrepresentations in a loan application and for failing to disclose creditors in her bankruptcy proceeding.
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Anthony J. DeMarco, III, 33, Conshohocken, Pennsylvania, pleaded guilty to conspiracy and fraud charges in connection with a mortgage fraud scheme involving more than $30 million in loans.
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Terry Scott Hyder, 51, Orlando, Florida, was sentenced by U.S. District Judge Martin Reidinger to serve seven years in a federal prison for defrauding eldery investors by advising them to invest in “real estate trusts.”
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George Gary O’Neal, 71, Anne Arundel County, Maryland, was sentenced to 57 months in prison for wire fraud in connection with three separate fraud schemes one of which involved soliciting investors to purchase real property under the guise of rehabbing the properties and flipping them.
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Aruna Kumari Chopra, 63, Modesto, California, was indicted by a federal grand jury and charged with two counts of mail fraud and two counts of aggravated identity theft for allegedly forging the signature of a notary on two occassions.
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Speaking at a hearing in Washington, D.C., the Appraisal Institute urged a federal judicial agency to require the use of real estate appraisals when calculating loss in mortgage fraud cases. The Appraisal Institute is the nation’s largest professional association of real estate appraisers.
Michelle Austin-Wilks, 38, Parkland, Florida, was charged in an Information with four counts of wire fraud for her participation in a straw buyer mortgage fraud scheme. If convicted, Austin-Wilks faces up to thirty years’ imprisonment on each count.
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Barbara Lynnae Puro, 49, Savage, Minnesota, a real estate agent, pleaded guilty to participating in a multi-million-dollar mortgage fraud scheme that victimized lenders across the country.
Barbara Lynnae Puro, 49, Savage, Minnesota, a real estate agent, pleaded guilty to participating in a multi-million-dollar mortgage fraud scheme that victimized lenders across the country.
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