Joseph C. Donohue, 70, Greeley, Kan., has been sentenced to six months in federal prison followed by six months of house arrest for bank fraud. The court also ordered Donohue to pay $10 million in restitution.
Donohue pleaded guilty to one count of bank fraud. In his plea, Donohue admitted he provided false information to
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Kenneth Steward, 44, South Holland, Illinois, was arrested on federal charges alleging that he and six co-defendants participated in a $35 million mortgage fraud scheme involving more than 120 residential properties located primarily on the city’s south side. Steward who bought and sold homes and recruited others to act as residential purchasers, and his co-defendants allegedly
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Shamika M. Coleman, 33, Swansea, Illinois, was indicted for making a false statement on a loan or credit application, making a false statement during a renewal application for federal food stamp benefits, and making a false statement during a renewal for federal housing benefits.
The indictment alleges that Shamika M. Coleman under reported her income and bank deposits
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Darrell Lynn Marriott, 57, Gun Barrel City, Texas, the fourth member of a multi-county mortgage fraud scheme pleaded guilty to a first-degree felony for his role in a multimillion dollar enterprise that defrauded government-backed mortgages. Marriott was sentenced in Navarro County District Court to 28 years in prison for securing the execution of a document by deception.
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Timothy Reed, 45, Beltsville, Maryland, was sentenced to 51 months in prison followed by five years of supervised release for mail fraud arising from the fraudulent purchase of 25 properties in Maryland, the District of Columbia and Continue Reading...
Stanley Gabart, 29, Miami, Florida, has been charged with mortgage fraud. The defendant surrendered on Thursday, July 8, 2010, and made his initial appearance in West Palm Beach federal court.
The two-count information charges defendant Gabart with conspiracy to commit bank fraud and making false statements on loan applications to Bank
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Steven F. Shaw, 49, a New York resident, was sentenced in United States District Court in Albany, New York, to 36 months in prison, to be followed by supervised release for 5 years, and to pay restitution in the total amount of $4,653,530, upon his conviction of making false statements in a loan application, tax evasion, and conversion of the funds of a health care benefit program. Senior United States District Judge Thomas J.
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Joshua Gervolstad, Redding, California, has been sentenced to three years in prison, ordered to pay $1.4 million restitution and will be on supervised release for two years, according to media reports. As previously Continue Reading...
Attorney General Edmund G. Brown Jr. is scheduled to discuss a major action he is initiating against mortgage giants Fannie Mae and Freddie Mac, as well as the federal agency that oversees them, for blocking an innovative program that is creating tens of thousands of jobs in California while saving homeowners and small businesses money on their utility bills. The news conference is scheduled for July 14, 2010, at 1:30 p.m. in San Diego, California,
When: Wednesday, July 14 at
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Jon Weldon James, 33, Long Beach, California, a man who collected $33 million from investors with false claims of large profits from real estate investments, was sentenced to 78 months in federal prison for running the Ponzi scheme. United States District Judge R. Gary Klausner also ordered the defendant to pay $11,172,412 in restitution.
James pleaded guilty in
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