Michael Anthony Prieskorn, 35, Ellendale, Minnesota, pleaded guilty in federal court to charges stemming from a mortgage fraud scheme that resulted in losses of at least $20 million for mortgage lenders. Prieskorn was charged with orchestrating the scheme, which involved the purchase of approximately 70 residential properties in Continue Reading...
Archives For November 30, 1999
Terral Toole, 42, Lake Elsinore, California, was sentenced to 85 months and ordered to pay $291,055 in restitution to three financial institutions for his role in a mortgage fraud scheme.
Toole pleaded guilty in November 2009 to four counts of wire fraud and four counts of money laundering for his
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Nefrititi Luv a/k/a Phlecia Pierce a/k/a Phlecia Rice (Luv), 49, an Arizona resident, pleaded guilty in federal court in San Francisco, California, to mail fraud and failure to file a tax return.
In pleading guilty, Luv, admitted that between November 2005 and January 2006, she submitted false loan applications and other documents in connection with the
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Michael Milan, 49, Bethesda, Maryland, was sentenced to 108 months in prison, followed by three years of supervised release, for his role in carrying out a multi-million-dollar mortgage fraud scheme. Milan was also ordered to pay restitution of $3,141,409 and to forfeit $1,061,890 in proceeds he obtained.
According to court records and as previously Continue Reading...
Mark J. Moncher, 53, Orlando, Florida, has been sentenced to 57 months in federal prison for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme. The court also ordered Moncher to pay more than $1.9 million in restitution. Moncher had pleaded guilty on December 29, 2009.
According to court
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Gregory S. Chew, 42, formerly of Waynesville, Ohio, was convicted by a federal jury following a 15-day trial for his role in a mortgage fraud scheme involving 57 property investors and 246 residential properties located throughout the greater Dayton, Ohio area.
Carter M. Stewart, United States Attorney for the Southern District of Ohio; Jose A. Gonzalez, Special Agent in
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Harris Poulikidis, 62, Overland Park, Kansas, pleaded guilty in federal court today to actions taken as part of a bank fraud scheme that forced several low-income homeowners into bankruptcy by saddling them with more debt than they were able to repay. Poulikidis pleaded guilty before U.S. District Judge Ortrie D. Smith this morning to causing an individual to travel across state lines
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40 individuals have been arrested and charged in connection with a major mortgage fraud scheme in the Eastern District of Texas. The 16-count indictment was returned by a federal grand jury on March 10, 2010, and includes one count of conspiracy to commit mail and wire fraud, 12 counts of mail fraud, and three counts of money laundering.
The 40 defendants, from Texas, Florida, Massachusetts, Tennessee, and Georgia, are charged as follows:
Ed Veronick Mortgage Loans, Inc., and its corporate officers and employees, were sued in a civil action for conspiracy and illegal business practices between June 2004 and June 2007 to obtain an unfair advantage over competitors and earn illegal profits out of commissions on loans brokered by unlicensed persons. A civil judgment has been obtained against Ed Veronick Mortgage Loans,
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The Federal Bureau of Investigation’s New York Office is warning the public to remain on the lookout for scams involving real estate and rental properties. Two largely reported scams, which operate through Internet advertising, are being reported by individuals who have fallen victim to such malicious behavior.
The first type of scam occurs when an individual advertises a rental property and is contacted by someone claiming to be interested. A rental price is agreed-upon and the victim
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