Louis J. Borstelmann, 68, Thousand Oaks, California, has been indicted and charged with mail fraud, wire fraud, and money laundering in connection with a Ponzi scheme that reached Florence, Oregon.
According to the indictment, defendant solicited approximately 100 individuals to invest in real estate through his company Sunburst Associates, Inc., a California corporation, and
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Jean Teresa Hoffert, 59, Emmetsburg, Iowa, has been charged with 13 counts of mail fraud, six counts of bank fraud, 3 counts of aggravated identity theft, and 3 counts of money laundering. The charges are contained in an Indictment unsealed in United States District Court in Sioux City, Iowa.
The Indictment alleges that, between about the Spring of 2005 and the Summer of 2008, while acting as a real estate settlement agent,
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Juan Rangel, 46, Downey, California, has agreed to plead guilty to federal fraud and money laundering charges, admitting that he ran two fraudulent operations-a Ponzi scheme that took in $30 million from more than 300 victims and a mortgage fraud scheme that preyed on homeowners by stealing the equity from their homes and secretly taking title to their properties. Rangel, who is
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Zack Zafer Dyab 46, Golden Valley, Minnesota, pleaded guilty earlier today in federal court in Minneapolis to orchestrating a mortgage fraud scheme that resulted in the theft of more than $2.5 million from lenders nationally. Dyab pleaded guilty to one count of conspiracy to commit wire fraud and one count of money laundering in connection to the crime. The scheme centered on obtaining
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Sharmon Howell, a/k/a “Sharmon Wade,” 37, Queens, New York, was sentenced to 10 years in prison by U.S. District Judge George B. Daniels for his role as the leader of a “subprime” mortgage fraud scheme involving more than two dozen fraudulent loans valued at over $10 million. Howell pled guilty to his role in the mortgage fraud scheme in June 2010.
According to the
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Ohioans struggling to save their homes from foreclosure are now the targets of a new scam surfacing on the Internet. Website ads are popping up from companies pretending to be associated with the government foreclosure prevention initiative Save the Dream Ohio, Attorney General Richard Cordray warned today in conjunction with the Ohio Department of Commerce and the Ohio Housing Finance Agency.
Save the Dream Ohio’s real website, www.SaveTheDream.Ohio.gov, lists Ohio.gov at the top of
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Latoya Travis, 38, Hammond, Indiana, pled guilty before Senior Judge Rudy Lozano to counts one and two of an indictment charging her with making false statements in a loan application, and aggravated identity theft.
These charges were filed as the result of an investigation by United States Postal Inspection Service. This case is being prosecuted by Assistant United States Attorney Gary Bell.
The United States Attorney’s
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Kathy Chen, 49, Westminster, California, a real estate broker, was sentenced to 68 years and six months in state prison for conspiring with her boyfriend and his brother to commit $17.5 million in real estate fraud by purchasing 35 properties using stolen identities and intentionally defaulting on loans in order to steal the loan money.
Chen was found guilty by a jury
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Barbara Lynnae Puro, 47, Savage, Minnesota, a real estate agent, was charged in the District of Minnesota by Information with participating in a multi-million dollar mortgage fraud scheme that victimized lenders across the country. Puro allegedly arranged for homeowners to sell their properties to straw buyers at inflated prices. In each case, she then purportedly
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Lynzi Malissa Richardson, 31, Glenn Dale, Maryland, pleaded guilty to conspiring to commit wire fraud in connection with making false statements to obtain three home mortgages within a three month period.
According to Richardson‘s plea agreement and court documents, between June and September 2007, Richardson, Melva
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