Lorn Leitman, 61, Miami, Florida, an attorney and C.P.A., was sentenced by a federal district court judge to 210 months’ incarceration for his role in a 10-year Ponzi scheme. In an unusual decision, the court departed upward from a sentencing guideline range of 121-151 months, commenting that, “this case is exceptional.”
A federal grand jury charged the defendant with violating the mail fraud statute for
Continue Reading...
Jason Heath Morrison, 35, Midland, Texas, was sentenced to 84 months in federal prison followed by ten years of supervised release for his role in a real estate fraud scheme, as well as for his failure to register as a sex offender.
Morrison‘s co-defendant, Marcus Jacob Rosenberger, 35, Odessa, Texas, was sentenced
Continue Reading...
John George Coulter Jr., 79, Colorado Springs, Colorado, formerly of Placer County, California, has been indicted by a federal grand jury and charged with 12 counts of mail fraud and four counts of engaging in monetary transactions in criminally derived property.
The indictment alleges that Coulter was the operational manager for a group of investors who owned property in
Continue Reading...
Kenneth McGavitt, 58, Washington, Pennsylvania, was found guilty of two counts of mail fraud. The federal jury of four men and eight women deliberated for one hour before rendering its guilty verdict.
McGavitt was tried before United States District Judge Arthur J. Schwab in Pittsburgh, Pennsylvania.
The evidence presented at trial established that
Continue Reading...
Sabir Moghul, 72, Manchester, Connecticut, was sentenced by Chief United States District Judge Alvin W. Thompson in Hartford, Connecticut, to 36 months of imprisonment, followed by three years of supervised release, for bank fraud and money laundering.
According to court documents and statements made in court, in 2005, Moghul applied for two mortgage loans
Continue Reading...
Ola Suzanne Stowers, 34, Dawsonville, Georgia, was sentenced to prison by United States District Judge Richard W. Story on charges of bank fraud and aggravated identity theft.
Stowers was sentenced to 3 years in prison, and ordered to pay $260,171.94 in restitution. Stowers pleaded guilty to the charges on April 4,
Continue Reading...
Jose Arnaldo Rosario, Miami-Dade County, Florida, pled guilty to conspiracy to commit money laundering and wire fraud, in violation of Title 18, United States Code, Section 371. At sentencing, Rosario faces a maximum term of imprisonment of five years. Sentencing is scheduled for August 3, 2011 at 1:30 PM in Miami, FL, before U.S. District Judge Jose A. Martinez.
Continue Reading...
Heyward Kelly McKnight, Jr., Augusta, Georgia, a minister, was sentenced in federal district court by United States District Judge J. Randal Hall to 15 months in prison for his role in causing a mortgage loan to be submitted based on misrepresentations to the lending bank.
According to the evidence presented during the guilty plea hearing, in late 2006 and early 2007, Continue Reading...
Thomas Franciose, San Francisco, California; William Freeborn, Alamo, California; Robert Kramer, Oakland, California; Thomas Legault, Clayton, California; David Margen, Berkeley, California; Continue Reading...
Robert H. Odimegwu, 43, formerly of Dedham, Massachusetts, a developer, was charged in a superseding indictment in connection with a multi-year, multi-property mortgage fraud scheme in Massachusetts.
Odimegwu has been charged by a federal grand jury with 13 counts of wire fraud and four counts of money
Continue Reading...
