Robert G. Cusic Jr., Millstone, N.J., a New Jersey mortgage broker, admitted in federal court that he conspired with a New Jersey attorney and others to extort victims out of money and real property by falsely stating they were the subjects of criminal investigations.
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John Marcus Desenberg, 44, formerly of Newbury Park, California, was arrested by FBI agents in Southern California for his alleged role in a foreclosure rescue scheme. On November 17, 2011, Desenberg was charged in a 10-count indictment alleging mail fraud.
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Charges were filed in U.S. District Court for the Northern District of California in San Francisco against eight Northern California real estate investors. Each has agreed to plead guilty for their roles in two separate conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Steve Zaven Kessedjian, 48, Los Angeles, California, was arrested after a federal grand jury returned an indictment charging him with mail fraud for a mortgage fraud scheme. Kessedjian was arrested by U.S. Secret Service agents and appeared before a U.S. magistrate judge in Los Angeles, California.
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Angeline Lisa Lizarrago, 69, Fremont, California, was sentenced to five years for a foreclosure scam in which dozens of struggling Bay Area and Central Valley homeowners paid for foreclosure services that were never delivered.
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Michael Frank Burgess,69, Alpharetta, Georgia, was sentenced byChief U.S. District Judge Anne C. Conway to 15 years in federal prison for conspiracy to commit wire fraud and money laundering in connection with a real estate fraud scheme.
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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.
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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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