Robert Ilunga, Naugatuck, Connecticut, was sentenced by U.S. District Judge Alvin W. Thompson to 18 months in federal prison for operating a multimillion-dollar mortgage fraud scheme that involved more than 40 properties in Bridgeport, Connecticut.
Michael Burnham, 46, Frisco, Texas, has been sentenced for his role in a mortgage fraud scheme in the Eastern District of Texas.
Jun Michael Dirain, 41, Antelope, California, pleaded guilty to conspiracy to commit wire fraud in connection with a mortgage fraud scheme.
Klary Arcentales, 45, Lyndhurst, New Jersey, admitted her role in a large-scale mortgage fraud scheme that caused millions of dollars in losses.
Darryl Burke, 50, and Vicki Garland, 50, both of Delray Beach, Florida, were convicted by a federal jury of bank fraud and wire fraud conspiracy, after a two and half week trial before U.S. District Judge James I. Cohn.
Michael Stewart, 66, Phoenix, Arizona, and John Packard, 63, Long Beach, California, the owners of a now-defunct Southern California real estate investment firm were arrested for allegedly perpetrating a Ponzi scheme that ended with the bankruptcy of their company and caused private investors and banks collectively to lose well over $110 million when the scheme collapsed.
Melanie Ferreira, 61, Lagrangeville, New York, was found guilty on all counts of a four-count Indictment that charged her with engaging in a series of frauds, which included cheating the Internal Revenue Service (“IRS”) out of nearly half a million dollars, and perpetrating a bank fraud scheme.
Jared Fanning, 35, Potomac, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 22 months in prison followed by three years of supervised release for wire fraud in connection with a scheme to fraudulently obtain mortgages worth approximately $13 million.
Gari-Mark Thomas, 38, Michigan, formerly of Norwalk, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Thomas P. Smith in Hartford to one count of conspiracy to defraud the Federal Housing Authority through a mortgage fraud scheme.
Denise Bonfilio, 56, Sewickley, Pennsylvania, has been sentenced in federal court to 10 years imprisonment on her conviction of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.