Capmark Finance Inc., a California mortgage lender, has been charged for violating the False Claims Act by making false statements on applications for federal mortgage insurance covering residential nursing homes. The lawsuit, filed in United States District Court in Los Angeles, relates to a federal program under which the U.S. Department of Housing and Urban Development (HUD) guarantees mortgage loans used to acquire healthcare
Continue Reading...Archives For November 30, 1999
Dea Character, 51, Shaker Heights, Ohio, an Attorney, pleaded guilty to Engaging in a Pattern of Corrupt Activity, or RICO, a first degree felony, and five counts of Theft by Deception and five counts of Money Laundering. Co-defendant Tyrone Cody, 38, Shaker Heights, is scheduled for trial on Monday, June 8, 2009. Continue Reading...
Ernie Colter, 50, has been indicted by the the Colorado Statewide Grand Jury on three counts of theft and one count of forgery for his role in fraudulently obtaining a loan for a client and then stealing some proceeds from a related real estate transaction.
According to the indictment, Colter, acting as the originating broker for a real estate transaction, qualified a client for
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Bobby John Herrera, 33, Glendale, Arizona, has been sentenced to five years in prison as the result of a mortgage loan assistance scam he orchestrated that victimized 47 Valley homeowners. Herrera was also ordered to pay $80,541 in restitution to victims.
Sergej Tews has been sentenced to 33 months in prison, to be followed by 3 years of supervised release in connection with his participation in a complex foreclosure fraud scheme in which he filed and foreclosed on false mortgages. In addition, Tews was ordered to pay $635,966.20 in restitution, and to forfeit certain monies and his interest in certain property. As Continue Reading...
Maria Sanchez, 36, El Monte, California, has been found guilty on 14 counts contained in an indictment, including conspiracy, money laundering, wire fraud and aggravated identity theft. Sanchez, a real estate agent, was convicted on fraud and money laundering charges for scheming with her sister to falsify home loan applications and fraudulently generate more
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Robert Michael Bonner, 51, Polson, Montana, pled guilty during a federal court session in Missoula on May 26, 2009, before U.S. Magistrate Judge Jeremiah C. Lynch, to making a false statement to a financial institution. Sentencing is set for October 1, 2009. He is currently released on special conditions.
In an Offer of Proof filed by the United States, the government stated it would have proved at trial the following:
Paul Bergrin, 53, Nutley, New Jersey, a defense attorney, was arrested with three other individuals on an indictment charging him with being the leader of a racketeering conspiracy that included murder of a witness in a drug case, the attempted hiring of a hitman in another drug case, wire fraud and money laundering, Acting U.S. Attorney Ralph J. Marra, Jr., announced.
The Mortgage Fraud Scheme
As
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Myron L. Hooker, 42, Detriot, who obtained and caused to be obtained numerous fraudulent mortgage loans, entered a plea of guilty to the charges of wire fraud and conspiracy to commit mail fraud and wire fraud. Hooker pleaded guilty without a plea agreement and faces the statutory maximum penalty for the offenses: 5 years imprisonment and a fine of up to $250,000 for the conspiracy
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Michael Fiorito, 41, Prior Lake, Minnesota, has been convicted by a federal grand jury on seven criminal counts in connection with an equity-skimming scheme that targeted vulnerable homeowners. After more than six hours of deliberation, a jury found guilty on all counts against him, including one count of conspiracy to commit mail fraud and six counts of mail fraud.
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