Jose Arnaldo Rosario, Miami-Dade County, Florida, pled guilty to conspiracy to commit money laundering and wire fraud, in violation of Title 18, United States Code, Section 371. At sentencing, Rosario faces a maximum term of imprisonment of five years. Sentencing is scheduled for August 3, 2011 at 1:30 PM in Miami, FL, before U.S. District Judge Jose A. Martinez.
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Archives For Mortgage Fraud
Heyward Kelly McKnight, Jr., Augusta, Georgia, a minister, was sentenced in federal district court by United States District Judge J. Randal Hall to 15 months in prison for his role in causing a mortgage loan to be submitted based on misrepresentations to the lending bank.
According to the evidence presented during the guilty plea hearing, in late 2006 and early 2007, Continue Reading...
Thomas Franciose, San Francisco, California; William Freeborn, Alamo, California; Robert Kramer, Oakland, California; Thomas Legault, Clayton, California; David Margen, Berkeley, California; Continue Reading...
Robert H. Odimegwu, 43, formerly of Dedham, Massachusetts, a developer, was charged in a superseding indictment in connection with a multi-year, multi-property mortgage fraud scheme in Massachusetts.
Odimegwu has been charged by a federal grand jury with 13 counts of wire fraud and four counts of money
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Ronald Lee Wheeler, 69, Murray, Iowa, was sentenced to time served and immediately placed on five years of supervised release for providing false statements to a financial institution in 2006. United States District Court Senior Judge Ronald Longstaff also ordered Wheeler to pay restitution in the amount of $821,134, a $100.00 assessment for the Crime Victim Fund and serve 200
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Michael Anthony Hickson, 48, Commack, New York, former chief financial officer of Metro Dream Homes, was sentenced by U.S. District Judge Roger W. Titus to 10 years in prison, followed by three years of supervised release, for a fraud conspiracy, wire fraud and conspiracy to commit money laundering in connection with his participation in a massive mortgage fraud scheme which
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Franklin R.York, Pella, Iowa, a former attorney, pled guilty in federal court in Des Moines, Iowa, to one count of wire fraud.
According to the written plea agreement, York owned and operated Escrow and Closing Services of Marion County, LLC since 2005 and provided real estate closing and refinancing
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A total of 13 defendants have been indicted in Ohio on mortgage fraud offenses involving nearly 13 million dollars in fraudulent loans, 9 of which worked for Argent Mortgage Company.
Denise (O’Brock) Kobus – Argent account manager
Lee Bentley Farkas, 58, Ocala, Florida, the former chairman and owner of Taylor, Bean & Whitaker (TBW), was sentenced to 30 years in prison and ordered to forfeit approximately $38.5 million for his role in a more than $2.9 billion fraud scheme that contributed to the failure of Continue Reading...
Louis C. Nardone III, doing business as Precision Marketing Group, has been sued for violations of the registration and fraud provisions of the Idaho Uniform Securities Act concerning a real estate investment scam. Nardone operated from Lake Mohegan, New York.
The Complaint alleges that the Defendant obtained
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