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.
Archives For November 30, 1999
Kareem Serageldin, the former Managing Director/Global Head of Structured Credit in the Investment Banking Division of Credit Suisse Group, pled guilty to mortgage-related fraud.
Golden First Mortgage Corp., and its owner, operator, and president, David Movtady, are the subjects of a civil mortgage fraud lawsuit.
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Kevin Hymes, 40, North Castle, New York, pled guilty to his role in a real estate fraud scheme whereby he misappropriated deposits and closing funds.
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Gershon Barkany, 29, Far Rockaway, New York, was arrested by the FBI based on a criminal complaint alleging that the he defrauded investors by promising to use their money in risk-free deals to purchase and then immediately re-sell at a profit large real estate properties located in New York City and New Jersey.
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Neal Sultzer, Plainview, New York, has been sentenced to two years in prison for his role in a conspiracy to commit wire fraud and bank fraud in connection with a $66 million mortgage fraud scheme involving over 100 home mortgage loans for residential properties.
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Alicia Holmes, 49, pled guilty to a three-count indictment, charging Holmes with devising and operating a scheme to defraud individuals and entities of hundreds of thousands of dollars in accommodations, goods, services, and money.
Kevin M. O’Connell, 35, and Kevin D. O’Connell, 62, both of Albany, New York, were each sentenced in United States District Court, Syracuse, to 24 months incarceration by Senior District Court Judge Norman A. Mordue resulting from a long-term mortgage fraud investigation.
Alan Ritter, 70, Monsey, New York, a self-employed accountant, was sentenced in Manhattan federal court to three years in prison in connection with his operation of an 11 year, $6 million Ponzi scheme whereby he defrauded investors by falsely telling them that he intended to use the money to invest in real estate ventures.
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Schelton Assoumou, 36, Brooklyn, New York, a real estate developer, was arrested on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme.