Alan David Tikal, 44, Brentwood, Contra Costa County, Calif., was arrested at his home on a complaint charging him with mail fraud for masterminding a multistate scam that defrauded distressed homeowners.
Continue Reading...J. Christopher Daly, 49, New York, New York, and Michael Abreu, 43, Carmel, New York, two former executives at a real estate development and management company, were sentenced to 15 months and one year and one day in prison, respectively, for their roles in a scheme to fraudulently obtain $2.2 million from a foreign-owned bank.
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Source: Paul Owers Sun Sentinel (MCT) South Florida’s housing bust appears to be over, but mortgage fraud investigators are still busy. A real estate agent and her sister were indicted by a federal…
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A San Francisco businessman, who with four partners illegally obtained $2.2 million in a mortgage fraud scheme, turned fugitive Sept. 20, after he was found guilty of 13 felony counts on money laundering…
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The Fort Lauderdale-Miami area had the nation’s third-highest number of reports of mortgage loan fraud during the 2011 fiscal year, according to a report released this summer by LexisNexis. Los Angeles was…
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Eric H. Menden, 53, Chesapeake, Virginia, was sentenced to 138 months in prison, followed by three years of supervised release, for engaging in a $41 million bank fraud scheme that contributed to the failure of the Bank of the Commonwealth and a separate historic-tax-credit fraud scheme that cost state and federal governments over $12 million and investors more than $8 million.
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Paulette Roberts, 54, Sylvania, Ohio, has been indicted for a scheme that included falsifying documents and submitting them to bank officials to obtain credit approval for large commercial loans which would have otherwise been declined.
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Brenda East, 51, formerly of Houston, Texas, has been sentenced to 57 months in federal prison for her role in obtaining home loans in the Kirby Lofts condominium complex.
Gergawattie “Kamla” Seecharan, 49, and Bhardwaaj “Deo” Seecharan, 52, both of Orange County, Florida, were sentenced in federal court for their participation in an extensive mortgage fraud scheme.
Denise Bonfilio, 55, Pennsylvania, has been found guilty of nine counts of wire fraud and money laundering conspiracy in connection with a mortgage fraud scheme.
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