James Andrew Lawyer, 30, Utah County, Utah, will be sentenced Oct. 26, 2011, in U.S. District Court after pleading guilty to conspiracy in connection with a mortgage fraud scheme involving the purchase of a home in Highland, Utah.
Continue Reading...Archives For November 30, 1999
Derrick Reuben Smith, 47, Midwest City, Oklahoma, was sentenced by United States District Judge Timothy D. DeGiusti to serve forty months in federal prison for his role in a conspiracy to commit wire fraud in connection with mortgage loans.
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Robert C. Sasser, 31, West Columbia, South Carolina, pled guilty to his involvement in eight real estate transactions financed by Wachovia for approximately $2.5 million. The loans were collateralized by homes that were significantly overvalued.
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Roy Fluker, Jr., 56, Highland Park, Illinois, was sentenced to 15 years in federal prison, after eight-year prison terms were imposed previously for his son and daughter, in connection with a massive “affinity” fraud scheme in which approximately 2,000 victims were swindled of approximately $10.7 million in losses.
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John Pitlick, 44, New Hope, Minnesota, who had been charged with mail fraud, was sentenced on August 26, 2011, by Chief US District Judge Karen E. Schreier to 30 months in prison, three years of supervised release, $300,000 in restitution, and a $100 assessment to the Victim Assistance Fund.
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Alex Gambini, 44, Greeley, Pennsylvania, the former owner of a financial services firm was sentenced to spend more than four years in prison for participating in a scheme to fraudulently inflate mortgages during 1999-2002.
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Kathleen Harps, 51, Chesapeake, Virginia, pleaded guilty in federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain mortgage loans.
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Corvus Law Group is mailing ads to Idaho homeowners inviting them to join scam lawsuits against their mortgage lenders. The ads look like government forms and claim homeowners can get large principal reductions or other monetary relief if they join the lawsuit.
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James Hurst Miller Jr., 63, Paso Robles, California, was charged with federal fraud and money laundering offenses for allegedly bilking victims who invested into Central Coast real estate projects””money that was siphoned off for other purposes.
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Consumers are being warned to be wary of any notices or advertisements that claim to offer homeowners facing foreclosure “complete forgiveness of the loan” or other monetary relief if they join a class-action lawsuit. Such ploys are likely a pretext to collect illegal up-front fees for foreclosure assistance.
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