Talal Ashek, 42, Holland, Arizona, was sentenced to two years in federal prison by U.S. District Judge Neil V. Wake and ordered to pay over $2.9 million in restitution for his role in a mortgage fraud conspiracy.
Continue Reading...Archives For November 30, 1999
Gary Pierce, 44, Edgewater, Maryland, pleaded guilty to conspiracy to commit wire fraud in connection with a five year scheme to divert or hold mortgage payoff funds from clients’ closings on 17 Maryland properties.
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Sean DeCelle, 44, Wyantskill, New York, a foreclosure service provider, was sentenced by United States Magistrate Judge David R. Homer for stealing items from a foreclosed home.
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Charles Sammon, 35, West Pittston, Pennsylvania, formerly a practicing attorney in Boston, Massachusetts, was charged with 13 counts of wire fraud, one count of mail fraud and one count of money laundering, all in connection with a mortgage fraud scheme which took place in 2006 and 2007.
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Andrew H. Williams and his co-defendants targeted homeowners and home buyers to pay at least $50,000 in exchange for a promise to pay off the homeowner’s mortgage within 5 to 7 years – trial begins on November 1, 2011.
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Homeowners needing assistance are reminded to avoid companies selling “foreclosure rescue,” “securitization audits” and other home loan modification schemes.
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Guadalupe Valencia, 47, West Covina, California, who admitted running a real estate Ponzi scheme that took in approximately $6.9 million from more than 150 victims has been sentenced to 108 months in federal prison.
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Steven Patrick Nohrden, 36, Las Vegas, Nevada, was arrested for a scam that involved taking over vacant homes he did not own and renting them out to unsuspecting individuals. The true home owners eventually discovered that these individuals were living in their home without their consent.
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Manuel Garcia, 69, who now resides in Los Angeles, California, entered a guilty plea to an indictment charging him with six counts of bank fraud.
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Juan Carlos Hernandez, 42, West Warwick, R.I., a former loan officer with National City Mortgage Company, pleaded guilty to his role in a “straw-borrowing” scheme that netted more than $3.5 million in fraudulently obtained mortgages on 13 properties in five Rhode Island communities.
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