James Sotolongo, Christopher Mencis, and Stephanie Musselwhite were sentenced for their roles in a complex mortgage fraud scheme that defrauded lenders out of more $35 million.
Archives For November 30, 1999
Andrew Avery, 39, has been arraigned on federal charges of wire fraud and mail fraud stemming from an alleged investment fraud scheme. Avery fled the country, but was extradited from Thailand and arrested on January 26, 2015. He is currently in federal custody.
Kathleen Niew, 59, Burr Ridge, Illinois, a real estate attorney and radio talk show host was sentenced to 70 months imprisonment for stealing approximately $2.34 million from her clients that was intended for commercial real estate closings.
Meili Lin, AKA Ally Lin, and Jyh-Chau Horng, AKA Henry Horng, were arraigned on charges of tax and mortgage fraud for allegedly filing false tax returns and submitting mortgage applications to federally insured lenders that contained materially false information.
Joshua Clymer, 28, San Francisco, California, was sentenced to two years in prison for conspiracy to commit mail and wire fraud in connection with a loan origination and property flipping mortgage fraud scheme. Continue Reading…
John Reid Perkins, 45, Charlotte, North Carolina, was sentenced by U.S. District Judge Max O. Cogburn, Jr. to serve 64 months in prison followed by three years of supervised release on securities fraud conspiracy charges and for violating the terms of his supervised release stemming from a previous federal conviction.
James Fidel Sotolongo, 49, Port Orange, Florida, Stephanie Musselwhite, 52, Daytona Beach, Florida, and Christopher Mencis, 53, Longwood, Florida, were sentenced by United States District Court Judge John A. Jarvey for their respective roles in a mortgage fraud scheme wherein they ripped off $9.3M from JP Morgan Chase, $1.6M from Wells Fargo and $1.5M from Bank of America.
Four defendants were sentenced on February 4, 2015, by U.S. District Judge Richard L. Voorhees for their involvement in a consumer and mortgage fraud conspiracy which resulted in multi-million dollar losses for consumers and federal agencies. Continue Reading…
Martin Wayne Flanders, 50, formerly of Roseville, California, and Ligia Sandoval Spafford, 48, Roseville, pleaded guilty to mail fraud for their participation in a loan modification fraud scheme that targeted distressed homeowners. The couple used Ghost offers – i.e., fictitious offers to purchase the victim’s property through short sale – and skeleton bankruptcies – i.e., sham bankruptcy petitions that were quickly dismissed, to defraud homeowners.
Stephen Mayer, 51, Miami, Florida, was convicted by a federal jury for his role as the ringleader of an illegal flipping conspiracy with estimate losses to lenders in excess of $3 million.