Lynda Sanabria, 51, Rockwall, Texas, was sentenced to six months in prison, followed by six months of home confinement, for her role in a commercial bribery and tax evasion scheme. Sanabria admitted accepting hundreds of thousands of dollars in bribes in return for selling mortgage loans to her preferred customers on the secondary mortgage market.
Archives For California
Arlene Jeanette Mojardin, 32, Bakersfield, California, was sentenced by United States District Judge Anthony W. Ishii to two years and six months in prison for conspiring to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield.
After a 12–day trial, a federal jury found six defendants guilty of all counts of wire fraud in connection with a $5 million mortgage fraud scheme.
David Williams, 54, Studio City, California, a licensed securities dealer and investment adviser, as well as the former president and CEO of Sherman Oaks, California-based Morgan Peabody, Inc. brokerage and investment firm has pleaded guilty to federal wire fraud charges stemming from a real estate investment scam that resulted in about five dozen investors losing nearly $4 million.
Dean Gregory Chandler, 50, Fallbrook, California, and Michael Eccles, 35, Vista, California, were sentenced to 12 and 5 years in prison, respectively, for their roles in defrauding more than 3,000 homeowners across the nation through a sham law firm in Oceanside, California.
Conan Hayes, 40, Topanga, California, the former co-owner of the clothing brand RVCA is scheduled to be arraigned May 4, 2015, for committing short-sale fraud of his home and causing a total loss of over $500,000 to the lender.
Benny Chetcuti, Jr., 60, Walnut Creek. California, was sentenced to 51 months in prison, and ordered to pay $21,823,526.10 in restitution, as well as forfeit $3,968,995 in proceeds obtained from a multi-year real estate investment fraud scheme. Continue Reading…
Mark Roemer and Bradley Roemer, two Northern California real estate investors, have agreed to plead guilty for their role in bid rigging and fraud conspiracies at public real estate foreclosure auctions in Northern California.
Abolghasseni “Abe” Alizadeh, 56, Granite Bay, California, and Mary Sue Weaver, 62, Roseville, California, are the subjects of a 21-count indictment charging them with various counts of mail, wire and bank fraud in connection with schemes to defraud lenders in large commercial real estate transactions between mid-2004 and April 2008.
Mark F. Friend, 60, Stockton, California, was indicted by a federal grand jury on six counts of bank fraud relating to a mortgage fraud scheme wherein he allegedly submitted false and fraudulent loan applications to lenders. Continue Reading…