Rosa Fernandez, 38, Camarillo, California, was sentenced by United States District Court Judge John A. Kronstadt to 97 months in federal prison for her involvement in a mortgage fraud scheme. Fernandez defrauded banks by falsifying loan applications and using bogus tax letters to vouch for borrowers.
Archives For November 30, 1999
Mervyn A. Phelan, Sr., 74, Newport Beach, California, and Gregory E. Grantham, 56, Oceanside, California, pleaded guilty to conspiracy, wire fraud and obstruction of justice for their roles in a real estate fraud scheme whereby private money lenders and investors were persuaded to deposit funds into escrow accounts, which were later pillaged by the conspirators.
Keith Anthony, 46, Elmont, New York, the former President and owner of a company that purported to provide financing for home purchases to people with poor credit, and a former employee of the company, Anthony Podias, 39, Levittown, New York, have been indicted for their alleged participation in a scheme that victimized more than 100 financially struggling people across the country.
James Lignelli, 59, Presto, Pennsylvania, was found guilty by a federal jury of three counts of bank fraud, United States Attorney David J. Hickton announced today.
William Beard, 40, Seattle, Washington, was sentenced to 16 months in federal prison for his participation in a Southern California mortgage elimination scheme that promised to prevent foreclosure through the paying off of the distressed homeowner’s mortgage.
Ifeanyichukwu Eric Abakporo, 52, a Nigerian citizen, now a resident of Queens, New York, and a pastor at a Bible Church, has been sentenced to six years in prison for his role in a real estate fraud scheme wherein he swindled a multi-million dollar property from an elderly woman.
Fabian Sparrow, 35, Burlington, N.C., pleaded guilty just before his trial was to begin on federal charges involving a $158 million consumer and mortgage fraud conspiracy.
Michael Edward Filmore, 52, Chesterfield, Missouri, was sentenced on May 22, 2014, to four years in federal prison for defrauding TARP recipient Pulaski Bank in obtaining at least 15 loans and more than $6 million in financing.
Paxton Jeffrey Anderson, 40, and Joseph John Plany, 39, have been convicted after a 12-day trial of 25 counts and 22 counts, respectively, of bank fraud and one count each of conspiracy to commit bank fraud for their participation in a mortgage fraud scheme.
Renee Goodman, Ozark, Missouri, and her investment company, Investment Midwest, have been shut down due to false promises concerning, among other things, that investor funds would be used for an ownership stake in a new home being built in Branson, Missouri.