Joseph D. Milanowski, 48, Las Vegas, Nevada, the owner of a Nevada investment company who misappropriated over $50 million of client monies to fund loans for his own pet projects, entered a guilty plea to one count of wire fraud before Chief U.S. District Judge Roger L. Hunt and was released on a personal recognizance bond pending sentencing. In pleading guilty,
Continue Reading...Archives For November 30, 1999
Arshad Hussain, 49, Dumfries, Virginia, was sentenced to 24 months in prison after previously escaping to Pakistan and ultimately returning to the United States to face charges in this case. All seven conspirators have now been sentenced for stealing more than $5 million through a fraud scheme involving identity theft and credit card, bank and mortgage fraud. Hussain was
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Jessica A. Zbacnik, 42, Monroe, Ohio has plead guilty in United States District Court for her role in an extensive mortgage fraud scheme that affected 210 residential properties, including 205 in Montgomery County, Ohio.
Zbacnik pleaded guilty to one count of conspiracy to commit money laundering and one count of
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Stephen LaLonde, 42, Fort Lauderdale, Florida, was charged in a two-count Information for his role in a mortgage fraud closing scheme that resulted in the theft of more than $1 million in loan proceeds.
According to the July 19, 2009, criminal information, LaLonde stole more than $1 million at real estate closings as part of a scheme to defraud legitimate borrowers, lenders, and
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Douglas Lee Carter, 63, Marco Island, Florida, who posed as a billionaire and a real estate tycoon, was arrested on a felony warrant charging him with scheming to defraud three people in separate real estate deals in Collier County, Florida. According to media Continue Reading...
Save My Home USA, Madison Heights, Michigan, has been charged with four counts of violating the CSA (43rd District Court, Oakland County). The company charged victims between $595 and $2,000 before completion of services and advised consumers not to communicate with their mortgage company;
Help4homeowners, Birmingham, Michigan, has
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Anita Mendoza, 44, Chino Hills, California, has been arrested by Investigators with the San Bernardino County District Attorney’s Real Estate Fraud Unit for eight felony counts including grand theft, forgery, and filing forged documents with the County Recorder’s Office.
In 2006, Mendoza allegedly forged the victim’s signature on a Grant Deed and Deeds of Trust. Two
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Operation Loan Lies, a coordinated national law enforcement effort to crack down on mortgage modification scams, involves 189 actions by 25 federal and state agencies against defendants who deceptively marketed foreclosure rescue and mortgage modification services.
“These con artists see the high foreclosure rates as an opportunity to prey on people in distress,” Federal Trade Commission Chairman Jon Leibowitz said. “They promise to rescue
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Reginald Davis, 41, West Palm Beach, Florida, and formerly of Dallas, has pled guilty to conspiracy to commit mail fraud and wire fraud before U.S. Magistrate Judge Don D. Bush.
According to information presented in court, Davis admitted he conspired with another individual, identified as a real estate
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Kurt Fordham, 39, Ft. Washington, Maryland, has been senteced to 10 years in prison, followed by five years of supervised release for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit. Fordham was also ordered to pay restitution of
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