Seth Beoku Betts, 37, Boynton Beach, Florida, a principal of Betts and Gambles Global Equities, LLC, was arrested on the charge of wire fraud for operating an investment scheme whereby he promised investors funds would be used for the purposes of trading in collateralized mortgage obligations.
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Ryan E. Bird, a/k/a Chris Jackson, a/k/a Matthew Bross, 35, Clementon, New Jersey, a former employee of The Vacation Ownership Group LLC, admitted to conspiring to defraud owners of timeshare properties.
Vito C. Grippo, 58, Jackson, New Jersey, and Frederick “Freddie” Grippo, 32, Old Bridge, New Jersey, a father and son who ran a mortgage loan fraud scheme that succeeded in obtaining $4.4 million in mortgage loans while masquerading as a foreclosure rescue operation were both sentenced to prison.
Edward Adams, 69, New York, New York, an attorney, pled guilty in Manhattan federal court to conspiracy to commit wire fraud in connection with his participation in a fraudulent real estate scheme.
Rain Joakim-Anwa Davis, aka Jeri Lynn Hardin, 50, Sugar Land, Texas, has been handed a 33-month federal sentence following her conviction on two counts of wire fraud. Davis pleaded guilty January 22, 2013.
James Monahan, 43, New York, New York, the owner of a real estate investment company called Panam Management Group, Inc., and a former sergeant in the New York City Police Department, pled guilty in Manhattan federal court to wire fraud, mail fraud, and conspiracy to commit wire and mail fraud in connection with his participation in a fraudulent real estate scheme.
Erin Davis, 44, Yonkers, New York, former sales manager for the now defunct Buy-A-Home real estate brokerage business, was sentenced in Manhattan, New York, federal court to 24 months in prison for participating in a multi-million dollar mortgage fraud scheme.
Gerard Canino, 51, Merrick, New York, the president and owner of First Class Equities (FCE), was sentenced in Manhattan, New York, federal court to 97 months in prison for his participation in a $66 million mortgage fraud scheme.
James Kalpakis, 52, Old Westbury, New York, a disbarred attorney has been indicted on multiple felonies for stealing more than $4 million from multiple individuals and banks he was representing in real estate deals, including his own wife.
Mary Brainard, 60, Seneca Falls, New York, pleaded guilty before U.S. District Judge Frank P. Geraci to wire fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.