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.
Archives For November 30, 1999
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.
Hrong Arman Gasparian, 67, Fishers, Indiana, was convicted of 10 counts of wire fraud after a three-day jury trial before U.S. District Judge Sarah Evans Barker. He was convicted for his involvement in two fraudulent schemes that swindled prospective borrowers of hundreds of thousands of dollars.
The Fidelity Land Trust Company, LLC (unrelated to Fidelity National Title Insurance Company) that obtained certain titles to homeowners’ residences may be clouded and deemed null and void based on a ruling from a Broward County, Florida, Circuit Court.
Recent court orders bring to an end a long-running case against an elaborate scheme that deceived consumers into buying overpriced manufactured homes and agreeing to loans they couldn’t afford.
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Dawn Anderson, Maricopa, Arizona, a real estate broker and owner of Maricopa Properties, LLC, a property management company, was indicted and charged with theft, forgery, and fraud schemes and practices.
Maria Elena Alvarez, Maricopa County, Arizona, is the subject of a consent judgment that prohibits her from providing mortgage or other consumer loan modification services to Arizona consumers.
The Federal Trade Commission, through an administrator, is mailing checks totaling nearly $3 million to over 6,300 consumers who were victims of a mortgage relief scheme. Using names such as Prime Legal Plans and Reaching U Network, the defendants allegedly made false promises that they could help consumers save their homes from foreclosure or lower their mortgage payments.