Michelle Vinas, 53, Florida, pleaded guilty before U.S. District Court Richard J. Arcara to bank fraud concerning her role in a New York mortgage fraud scheme that caused $24,000,000 in overall losses to lenders.
Continue Reading...Archives For November 30, 1999
John Stewart Morrison IV, 55, Columbia, Maryland, was sentenced to 15 months in prison, followed by two years of supervised release, for mail fraud in connection with a mortgage fraud scheme involving a loss of $431,377.
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Frederic Alan Gladle, Austin, Texas, was charged with having operated a foreclosure-rescue scam in Los Angeles, California, and elsewhere, that falsely promised the owners of more than a thousand distressed properties that they could indefinitely postpone foreclosure sales.
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James Robert Sweet, 44, Westbury, New York, the kingpin of the largest mortgage fraud and identity theft ring in Nassau County, New York, history has been sentenced to four to 12 years in prison for his role in leading an organization that stole more than $20 million from homeowners, banks, and the County government.
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A federal grand jury has charged a title agent, Deborah Kistner, her husband Mark Kistner, an employee Philip Ennis, and an associate Jaime Smith, with devising a scheme to defraud at least four lending institutions out of approximately $7,092,300 in mortgage loans between April 2006 and April 2008.
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Genaro R. Hathaway, 47, Weston, Connecticut, was sentenced by United States District Judge Mark R. Kravitz in New Haven to 33 months of imprisonment, followed by three years of supervised release, for participating in two mortgage fraud conspiracies.
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William A. Turner, 46, Dayton, pleaded guilty in U.S. District Court to one count of conspiracy to commit money laundering as part of his role in a $5.6 million mortgage fraud scheme.
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A joint investigation alliance designed to assist homeowners who have been harmed by misconduct and fraud in the mortgage industry has been entered into between California and Nevada.
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Bobby Threlkeld Jr, Mobile, Alabama, a real estate investor, has agreed to plead guilty for his role in a conspiracy to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama.
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Dwayne Charles Holcombe, 50, a former vice president at a northwest Alabama bank, was sentenced to two years and five months in prison for fraud that cost a small, locally owned bank more than $1.4 million in noncollectable loans over six years.
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