Doninador Palalay a.k.a. Dominador Palalay has pled guilty to Theft-Obtaining Money in Excess of $2500 by Material Misrepresentation, a category B felony, for his role in operating a foreclosure rescue scam in Las Vegas, Nevada, during 2008 and 2009 under the business name of PDM Financial Group, Inc.
On August 30, 2010, Continue Reading...
Michael Hellickson, a real estate agent allegedly doing business in Washington, Oregan and Hawaii, has had his Washington real estate license suspended by Washington’s Department of Licensing (DOL), according to a Statement of Charges filed earliar this month. Tara Hellickson, a real estate broker,
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Darryl Stanley Paxton, Jr., a/k/a David Sosa, 34, Broward County, Florida, formerly of Maryland, on charges of wire fraud, money laundering, and fraudulent use of a Social Security number in connection with a scheme to defraud lenders of over $1.8 million, using a false identity. The indictment was returned on July 14, 2010 and unsealed upon the arrest of the defendant in Broward County, Florida, on state charges there.
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Robert Policastro, 57, most recently of Vienna, Austria, was sentenced to five years and three months in federal prison for conspiracy to commit mail and wire fraud (mortgage fraud). The court also entered a money judgment in the amount of $9,082,394.20, the proceeds of the mortgage fraud conspiracy. Policastro had pleaded guilty on May 17, 2010.
According to court
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James Berghuis, 38, formerly of Sacramento, California, now residing in Laguna Niguel, California, has been indicted on nine counts of mail fraud, wire fraud, and money laundering. The indictment was unsealed as a result of Berghuis‘s arrest.
The indictment alleges that Berghuis operated Continue Reading...
Peter N. Price, 49, Hollywood, Florida, was sentenced on Friday, August 27, 2010, by U.S. District Court Judge James Cohn to 46 months in jail, to be followed by three years of supervised release. The Court also ordered Price to pay $1,712,766.92 in restitution to Stewart Title Guarantee Inc.
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Monique Le Nguyen, aka Monique Dzung Le, 60, Milpitas, California, a licensed real estate agent, pleaded guilty before United States District Judge Lawrence J. O’Neill to conspiring to commit mail fraud in connection with the financing and acquisition of five residential properties in Fresno and Mendocino Counties that were later used for the indoor cultivation of large quantities of marijuana.
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Christopher D. Hales, 29, Midvale, Utah, was indicted on 10-counts of mail, wire, and bank fraud and with money laundering in connection with an alleged mortgage fraud scheme. The indictment involves two properties, one in Lindon, Utah and one in Salt Lake City, Utah.
The indictment alleges Continue Reading...
Donna Demello, 44, San Jose, California, pleaded guilty in federal court to conspiracy to commit wire and mail fraud for her role in a mortgage fraud scheme. At the time of the offense, Demello worked as an escrow officer at Stewart Title, Milpitas, Calif.
Demello
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Jeffrey Gonsiewski, 56, Wood Dale, Illinois, a former suburban bank vice president pleaded guilty to federal fraud charges, admitting that he changed the terms of at least 100 loans for at least 50 customers and caused the bank to lose at least $5.5 million. Gonesiewski, formerly vice president of the loan department at First Security
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