Thirteen additional defendants were charged in two separate indictments in the Vera Kuzmenko mortgage fraud investigation in California. The current indictments bring the total charged in this investigation to twenty-three. The two most recent indictments involve some of the straw buyers that participated in the scheme.
Continue Reading...Archives For November 30, 1999
Kerry Jon Quam, 46, Eagan, Minnesota, was sentenced on September 7, 2011, to three years of probation on one count of conspiracy to commit mail fraud for his role in submitted false loan applications and fraudulent appraisals to lenders.
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S. Pope Cleghorn, Jr., 39, Villa Rica, Georgia, was sentenced to 6 years in federal prison on charges of bank fraud in connection with two loans, one for a real estate development project and another for a personal residence.
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Donna Sherman, 34, Middleburg Heights, Ohio, president and owner of her title company, has been found by a jury of a pattern of corrupt activity for fraudulently closing home loans. Her title company, Sherman Title Agency, Inc. was convicted of the same crimes.
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Joshua Brown, 31, New Hampshire, has been sentenced to four years in jail for leading a mortgage scheme that defrauded more than a dozen financial lending institutions and several homebuyers of more than $2 million in connection with the purchase of 26 multi-family properties in the Boston, Massachusetts area.
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Andrew Hamilton Williams, Jr., 60, Hollywood, Florida, was convicted by a federal jury of wire fraud and conspiracy to commit money laundering in connection with his participation in a massive fraud scheme which promised to pay off homeowners’ mortgages, but left them to fend for themselves.
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David Kinney, 52, New Haven, Connecticut, a licensed attorney, pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford to one count of conspiracy and one count of making a false statement for his role in a mortgage fraud conspiracy.
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Javier Siveroni, 48, Springfield, Va., was sentenced to 24 months in prison, followed by two years of supervised release, for using his position as a loan officer to help carry out a multi-million-dollar mortgage fraud scheme involving more than 15 homes in the Northern Virginia area.
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The Financial Crimes Enforcement Network (FinCEN) proposed regulations that would require government-sponsored enterprises (GSEs) Fannie Mae, Freddie Mac and the Federal Home Loan Banks to develop anti-money laundering (AML) programs and file suspicious activity reports (SARs) with FinCEN.
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Thirteen individuals, including an alleged member and an associate of the Lucchese organized crime family, are charged with racketeering and related offenses for fraud including making false statements in a loan application to secure a fraudulent mortgage.
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