David E. Robert, 42, Madison, Wisconsin, was sentenced on June 12, 2014, by U.S. District Judge Barbara B. Crabb to six months in federal prison, a $1,000 fine, and two years of supervised release for his role in a mortgage fraud scheme wherein he used a falsified tax documents to obtain a first and second mortgage.
Archives For November 30, 1999
Asm Afsary, 41, Stamford, Connecticut, waived his right to indictment and pleaded guilty before Chief U.S. District Judge Janet C. Hall to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County, Connecticut.
Ralph Pecorale, Long Island, New York, a real estate lawyer, has been cleared of mortgage fraud charges after a Brooklyn, New York, Supreme Court judge dismissed an 18-count indictment against him, though the charges against the six other defendants remained in place.
Marvin Solis, 30, Richmond, California, was sentenced on June 11, 2014, to 27 months in prison and ordered to pay restitution for a real estate investment fraud scheme he perpetrated against his relatives.
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.
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.