Tyler Fitzsimons, 33, appeared before U.S. District Judge Michael R. Hogan and pleaded guilty to a variety of mortgage and loan fraud charges arising out of the collapse of his company, Desert Sun Development (DSD).
Archives For November 30, 1999
Kevin Lee Grady Sr., 47, Grand Rapids, Michigan, was found guilty on all counts for conspiracy to commit wire fraud and for commission of wire fraud and a single bank fraud count in conjunction with multiple mortgage loans.
Gabriel Viramontes, 49, Elk Grove, California, was sentenced by United States District Judge Edward J. Garcia to four years and nine months in prison and ordered to pay restitution to his victims for a mortgage fraud scheme.
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Many Virginians have reported receiving scam phone calls or emails about the recent multi-state mortgage servicer settlement.The caller claims to be calling residents eligible for money from the settlement. They then ask for the consumer’s bank account so a direct deposit can be made.
H. Gregory Cordell, 46, Cartersville, Georgia, was sentenced by United States District Judge Charles A. Pannell, Jr. to federal prison for bank fraud related to a mortgage he obtained on property located in Cartersville.
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If history is any guide, scammers will surely try to take advantage of news of the largest consumer protection settlement in U.S. history.
Gary Kevin Coats pled guilty before United States Magistrate Judge David W. Daniel to bankruptcy fraud for forging a buyer’s name and initials on a offer to purchase a condominium. The bankruptcy court was unaware that Coats had made a side deal to received additional funds upon the sale.
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Richard Pettibone, 44, formerly of Alexandria, Virginia, pleaded guilty to operating a $1.5 million real estate investment Ponzi scheme and was sentenced to 36 months in prison, followed by three years of supervised release.
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Patricia Ann King, 57, Bakersfield, California, pleaded guilty to aiding and assisting the preparation of a false tax document and to three counts of mail fraud for her role in a mortgage fraud scheme.
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Roberto Caro, 41, Miami-Dade, Florida, has pled guilty to one count of money laundering in connection with a mortgage fraud scheme and one count of conspiracy to manufacture and possess with intent to distribute marijuana. Caro also pled guilty to a related charge of bond jumping, arising from his failure to appear in court in January 2011 on the original charges.
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