A federal superseding indictment charged nine additional defendants with racketeering, investment fraud, mortgage fraud, bank bribery and money laundering. This latest round of criminal charges resulting from Operation Wax House, a mortgage fraud investigation which began in the Western District of North Carolina in 2007, brings the total number of defendants charged to date to 92, of which 66 have pleaded guilty.
Quelyory A. Rigal, a/k/a Kelly, Homestead, Florida, was convicted after a jury trial before U.S. District Judge William J. Zloch in Fort Lauderdale, FL. Sentencing is scheduled for July 18, 2013 at 10:30 a.m.
David C. Christian, 63, Catonsville, Maryland, a real estate appraiser, was sentenced by U.S. District Judge James K. Bredar to 15 months in prison, followed by three years of supervised release, for conspiracy to commit wire fraud. Judge Bredar also ordered Christian to pay restitution of $2,440,804.
Adam Teague, 39, Ellijay, Georgia, former bank vice president, was sentenced to serve over five years in federal prison for conspiring to defraud Appalachian Community Bank
Brian Corley, a/k/a John Corley, 28, Little River, South Carolina, formerly of Egg Harbor, New Jersey, a prior employee in the New Jersey offices of the Vacation Ownership Group LLC admitted to conspiring to defraud owners of timeshare properties by offering phony consulting services while also illegally collecting unemployment benefits.
Tu Ngoc Tran, 38, Portland, Oregon, was sentenced by District Judge Michael W. Mosman to 63 months in prison following his conviction in a jury trial on drug and wire fraud charges on December 7, 2012.
Emeka Udeze, 38, Bowie, Maryland, pleaded guilty to conspiring to commit wire fraud in connection with two separate mortgage fraud schemes that resulted in over $2,013,478 of actual losses to mortgage lenders.
Dairld G. Wurtz, Jr., Boise, Idaho, a loan broker, has agreed to pay $19,575 in customer refunds and change his business practices. Wurtz, who operates Allied Commercial Partners 1, LLC, resolved a lawsuit filed in February 2013. Under terms of the settlement, Wurtz must comply with the Idaho Consumer Protection Act and Idaho’s loan broker law, which prohibits loan brokers from accepting upfront fees for unfunded loans.
Rafael Ubieta, 50, and Angel Barroso, 46, both of Miami, Florida, following their January 2013 convictions of conspiracy to commit wire fraud and wire fraud, as well as the sentencing of Joel Zaldivar, 33, Studio City, California, and Kyle Baker, 33, Beverly, Massachusetts, following their January 2013 guilty pleas to conspiracy to commit wire fraud.
Andrey Andreyev, 37, Sacramento, California, and Vitaliy Andreyev, 30, Antelope, California, pleaded guilty to wire fraud arising out of a mortgage fraud scheme.