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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Henry J. Papale, 60, Southington, Connecticut, was indicted by a federal grand jury on eight counts of wire fraud and four counts of money laundering stemming from an alleged mortgage fraud scheme involving four properties in Florida.
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Domingos Dias, 42, New Haven, Connecticut, formerly of Trumbull, pleaded guilty before United States District Judge Stefan R. Underhill to one count of conspiracy to commit wire fraud and bank fraud, and seven counts of wire fraud stemming from his involvement in a mortgage fraud scheme that has caused more than $3 million in losses to lenders.
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Jerry J. Williams, 51, formerly of Naples, Florida, and currently residing in Fort Worth, Texas, pleaded guilty to conspiracy to commit bank fraud and making false statements to federal regulators. Williams faces a maximum penalty of 15 years in federal prison.
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James D. Levitt, 66, Rhode Island, a former attorney, pled guilty in federal court in Providence, Rhode Island, to three counts of bank fraud and two counts of filing false tax returns for his role in a million-dollar mortgage fraud scheme.
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