A federal grand jury returned an eight-count indictment this week charging five individuals relating to their operation of a mortgage fraud conspiracy in the Dallas-Fort Worth, Texas (DFW) area.
Fredrick Lee Moore, 38, Dallas, Texas; Fredrick Barnard Lynch, 39, Desoto, Texas; Continue Reading...
James and Wendy Ober, Hudson, Wisconsin, Raul Burgos Pliego, Farmington, Minnesota, and Alejandro (Alex) Sanchez aka Silverio Alejandro Sanchez Cruz, Bloomington, Minnesota, were charged with racketeering in a
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The defendants swindled others to collect millions of dollars in proceeds from mortgage loans…
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Federal prosecutors are seeking a life sentence for the man convicted of orchestrating a $3-billion fraud while running what had been one of America’s largest private mortgage companies.
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Stephen M. Gunther, 40, Hertford, North Carolina, pled guilty in Norfolk, Virigina, federal court to wire fraud in connection with a scheme to defraud commercial mortgage lenders. Gunther entered his guilty plea before United States District Judge Raymond A. Jackson and is set to be sentenced on June 21, 2010.
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Cedric Nelson, 51, Las Vegas, Nevada, who owns and operates an accounting company, was arrested on mortgage fraud charges and is scheduled to appear in federal court for an arraignment.
Nelson is charged in a criminal indictment with two counts of wire fraud. The indictment was returned by the federal grand jury on May 25, 2011, and unsealed following his arrest.
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Paul Allen, 55, Oakton, Virginia, the former chief executive officer (CEO) of Taylor, Bean & Whitaker (TBW) was sentenced to 40 months in prison for his role in a more than $2.9 billion fraud scheme that contributed to the failure of TBW.
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Brett Matheson, 46, pleaded guilty in federal court to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix, Arizona. Two others have also entered guilty pleas and are awaiting sentencing.
Matheson acknowledged in his guilty plea that as President and CEO of Continue Reading...
Alexander Kaplan, 36, Brooklyn, New York, formerly a Brooklyn-based real estate lawyer and the owner of a title insurance company, was sentenced on Friday, June 17, 2011, in Manhattan federal court to 46 months in prison by United States District Judge Richard J. Holwell for his role in a multimillion dollar mortgage fraud scheme. Kaplan was convicted, on February 6, 2009, of eighteen
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Yunus Mandli a/k/a Jonah Mandli, 63, Rockwall, Texas, a Dallas/Fort Worth homebuilder, pleaded guilty to a mortgage fraud scheme in the Eastern District of Texas. The defendant pleaded guilty to conspiracy to commit wire fraud on June 21, 2011 before U.S. Magistrate Judge Don D. Bush.
According to Continue Reading...
