Latoya Travis, 38, Hammond, Indiana, was sentenced by Senior Judge Rudy Lozano to 42 months imprisonment and 3 years of supervised release after pleading guilty to counts one and two of an indictment charging her with making false statements in a loan application, and aggravated identity theft.
Travis admitted in her plea agreement that on May 23, 2008, Continue Reading...
Steven Carlson, 52, Jamestown, New York, pled guilty before U.S. District Judge Richard J. Arcara to evading the payment of taxes and mortgage fraud. The charges carry a maximum sentence of 35 years in prison, a fine of $1,000,000, or both.
According to court documents, the defendant has a long history in the restaurant business. Carlson evaded the payment of his
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Andre Junior Lamerique, 28, Sharon, Massachusetts, was sentenced to five years for conspiracy, wire fraud, and money laundering, for the role he played in a mortgage fraud ring that involved 21 fraudulent property transactions in the Greater Boston area, which defrauded 10 mortgage lenders of more than $10.6 million in loan proceeds. Lamerique was sentenced by U.S. District Judge
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A Civil Frauds Unit in the Civil Division of the Minnesota U.S. Attorney’s Office has been formed to combat financial fraud, including mortgage fraud and bank fraud, by pursuing investigations and civil enforcement actions in federal court. In addition, the Unit will work closely with the Criminal Division to halt on-going criminal fraud and freeze assets even before indictments are filed, pursuant to the Anti-Fraud Injunction Act. Moreover, the Unit will collaborate
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Elleni Berger, 44, Pittsburg, Pennsylvania, was sentenced by U.S. District Judge Joy Flowers Conti to three years in prison, followed by three years of probation, for her role in a mortgage fraud scheme.
As previously reported by Mortgage Fraud Blog, Continue Reading...
Patrick Reidy, 46, Gansevoort, New York, a Saratoga Springs-based lawyer, was sentenced in Saratoga County Court to 5 to 15 years in state prison for a felony grand-larceny charge stemming from a mortgage fraud scam that took $2.37 million from unsuspecting clients. He was convicted in August 2010, after having pleaded guilty to the charges and agreeing to repay restitution over the next 10 years.
As sole operator of
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Hugo Oliva, 47, Miami-Dade, Florida, has pled guilty to mail fraud and money laundering charges in connection with a mortgage fraud scheme. Sentencing has been scheduled for March 14, 2011, at 11 a.m. before U.S. District Court Jude Jose E. Martinez.
Defendant Oliva was previously charged on July 15, 2010. According to court documents and testimony, this investigation began
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Cheddi Goberdhan, 57, Elmont, New York, a real estate attorney, pled guilty before U.S. District Judge Shira A. Scheindlin in Manhattan federal court to a seven-count Indictment charging him with conspiracy to commit bank and wire fraud, and six counts of bank fraud, in connection with a scheme that defrauded banks out of more than $23 million in home mortgage loans. Goberdhan made
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Elviston Ramasir, 27, Manorville, New York, the former president of Home Free Realty, Inc., a Long Island real estate services company, pled guilty in Manhattan federal court to committing two separate real estate fraud schemes. In one of the schemes, Ramasir stole over $1.5 million from investors by promising them huge rates of return on investments in properties that he promised to
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William Arthur Sassman II, 42, Sacramento, California, who looted the life savings of dozens of investors to bankroll his own lavish lifestyle and finance his own investments, was sentenced to 18 years in prison.
Sassman convinced people who had painstakingly saved for their retirement that he could make a lot of money for them. Instead he used their money for his fine clothing,
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