Chad Arthur Anderson, 38, and Troy Allen Huston, 42, both of Chisago City, Minnesota, two mortgage loan officers, pleaded guilty to recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
Continue Reading...Danli Liu, Fremont, California, a Northern California real estate investor, has agreed to plead guilty for her role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.
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Michael Hodges, 53, New London, Connecticut, was sentenced to 18 months of imprisonment, followed by two years of supervised release, for his participation in an eastern Connecticut mortgage fraud scheme.
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Kenneth Perkins, 30, Groton, Connecticut, was sentenced to eight months of imprisonment, followed by three years of supervised release for his role in an extensive mortgage fraud scheme.
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Citizens are encouraged to report any suspected mortgage fraud activity by calling 203-333-3512 and requesting the Connecticut Mortgage Fraud Task Force, or by sending an e-mail to ctmortgagefraud@ic.fbi.gov.
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Two Chicago City men have pleaded guilty in a mortgage fraud scheme that cost lenders more than $2.5 million, the U.S. Attorney’s Office said Tuesday. Ed Stych: Web Producer- Minneapolis / St. Paul Business…
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Sonata Bastien a/k/a Sean Chase, 30, formerly of Boston, Massachusetts, has been charged with fraudulently offering real estate loans over the Internet, then failing to make the loans or refund the application fees.
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Nine of ten individuals from New Jersey were arrested by in connection with their alleged roles in a $40 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos at the Jersey Shore and resort destinations in South Carolina and Georgia, N.J.
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Thomas Bannon, 80, New York, New York; Robert Bardey, 79, New York, New York; and Theodore Sweeten, 59, Ashland, Oregon, have been indicted in $5 milliion bank fraud scheme.
Garret Griffith Gililland, III, 31, formerly of Chico and Paradise, California, was sentenced to seven years and 10 months in prison and a three-year term of supervised release. Shane Burreson, 39, Orland, California, was sentenced to 23 months in prison and a three-year term of supervised release. Both pleaded guilty to mail fraud and money laundering stemming from their involvement in Nor-Cal Innovative Investments, Chico, California.
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