Jeffrey L. Levine, 70, Atlanta, Georgia, was sentenced by United States District Judge J. Owen Forrester to serve 5 years in federal prison on charges of causing materially false entries that overvalued bank assets to be made in the books, reports, and statements of Omni National Bank.
Levine was sentenced to 5 years
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Delroy Oliver Davy, 38, Lithonia, Georgia, was sentenced by United States District Judge J. Owen Forrester to serve 14 years in federal prison on charges of bank fraud and conspiring to commit bank, mail and wire fraud. Davy‘s sentence is to be followed by 5 years of supervised release, and he was ordered to pay $5,504,431 in restitution. Continue Reading...
Garry Bradford, 62, Sacramento, California, was arrested after a federal grand jury returned a five-count indictment against him on April 14, 2011. He is charged with wire fraud in connection with a real estate investment “Ponzi” scheme.
According to the indictment, from August 2004 until October 2008, Bradford
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Alex P. Soria, 64, Las Vegas, Nevada, was indicted on Wednesday, April 20, 2011, by a federal grand jury on charges that he defrauded distressed homeowners in Las Vegas who were attempting to refinance or adjust their home mortgages. The Defendant was charged with six counts of wire fraud, three counts of mail fraud, one count of concealment of information from the
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Steven J. Kottage, 45, Weston, Connecticut, pleaded guilty before United States District Judge Mark R. Kravitz in New Haven, Connecticut, to two counts of conspiracy stemming from mortgage fraud schemes in which Kottage participated. As previously reported by Mortgage Fraud Blog,
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Homeowners are cautioned about paying to participate in a “mass joinder” lawsuit promising mortgage relief. The lawyers and marketers pushing these suits charge upfront fees and frequently promise results. In reality, litigation is time-consuming and even a qualified attorney can’t guarantee the outcome of a case. Moreover, representatives of a legitimate class-action suit would not ask for money to join.
Homeowners should be especially skeptical of solicitations from out-of-state
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Derrick Reuben Smith, 46, Midwest City, Oaklahoma, has been found guilty by a jury of conspiracy to commit wire fraud in connection with mortgage loans. The jury returned its verdict after four days of trial.
According to an indictment returned in July of 2010, Smith recruited two individuals to buy two new homes in the Raintree Acres
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Luis Miguel Macias, 40, Rialto, California, was arrested on Wednesday, April 20, 2011, by investigators from the San Bernardino County District Attorney’s Office-Real Estate Fraud Prosecution Unit in the hallway of the San Bernardino County Superior Courthouse.
Macias had been out on bail facing felony charges in another real estate related fraud case when investigators
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Todd Joyce, 38, Hurricane, Putnam County, West Virginia, was sentenced to 18 months in prison by U.S. District Judge Thomas E. Johnston on federal mortgage fraud and tax evasion charges. He will also serve five years on supervised release after his prison term. As previously reported by Mortgage Fraud Blog, Continue Reading...
Gina Marie Tarallo, 44, formerly of Rancho Cucamonga, California, was sentenced on April 14, 2011, to 365 days in the county jail as part of a plea agreement. The court ordered restitution. Tarallo pleaded to one felony count of Grand Theft and one felony count of Filing a Forged Document with the County Recorder’s Office.
In 2007, Continue Reading...
