Nick C. Lee, 42, and his wife, Chang-Li Wang, 45, Fontana, California, have been arrested and charged with 20 felony counts in connection with a real estate fraud scheme.
Continue Reading...Michael Ohayon, 44, San Francisco, California, and David Papera, 50, San Rafael, California, were sentenced to 60 and 70 months in prison, respectively, and ordered to pay more than $10.5 million in restitution for conspiracy to commit bank fraud and money laundering.
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Kevin A. Dahl, 57, Lakeville, Minnesota, pleaded guilty to obtaining fraudulently more than $1.4 million in loans from four different banks.
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David Alan Boucher, 56, San Bernardino, California, has been arrested and charged for defrauding banks and financial businesses by illegally filing fraudulent Grant Deeds on properties throughout San Bernardino County.
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Lisa Carol Ross, 50, Missouri City, Texas, has pleaded guilty to conspiracy to commit wire fraud for her role in a mortgage fraud scam.
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Henrik Sardariani, 44, Glendale, California, has been sentenced to 10 years in federal prison for orchestrating a loan fraud scheme that netted him and his associates well over $5 million in less than eight months.
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Ronald D. Catrell, 46, Overland Park, Kansas, pleaded guilty to swindling lenders and investors out of more than $5 million by obtaining loans and lines of credit based on false information.
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(Source: John McDermott The Post and Courier, Charleston, S.C. (MCT) The former real estate agency owner and loan officer accused of running a $45 million mortgage fraud made his first appearance in…
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Alicia Martineau, 25, West Haven, Connecticut, Wilson Nicolas, 29, Groton, Connecticut, Lisa Depa, 26, Middletown, Connecticut, and Richard Novak, 49, Middletown, each involved in an extensive mortgage fraud scheme, were sentenced on Friday, August 24, 2012, for their crimes.
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John Fabey, 47, pleaded guilty this spring to a mortgage fraud scheme causing lenders to release more than $1.2 million based on mortgage loan applications. He was charged with wire fraud.
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