Carolyn Marie Jones, 51, Corona, California, who was the chief executive officer of a high-end jean company that outfitted Hollywood celebrities, pleaded guilty in federal court to bank fraud and bankruptcy fraud offenses admitting she used fraudulent information to defraud lenders.
Archives For November 30, 1999
Karen Hanover, 48, Seal Beach, California, was sentenced to 35 months in federal prison for operating a $1.4 million fraud scheme that bilked clients who paid money in response to false promises of ownership in commercial real estate.
Ray Jan Kornfeld, 59, Las Vegas, Nevada, was sentenced by United States District Judge Troy L. Nunley to 5 years in prison for his role in a large-scale mortgage fraud scheme.
Sharon Lynn Shaw, 67, San Jose, California, pleaded guilty in federal court to bank fraud and theft by bank officer. Shaw admitted that she used the names, Social Security numbers, and other personal information belonging to her parents, without their knowledge or authorization, to create false and fraudulent loan applications which she submitted to her employer Wells Fargo Bank.
Minerva Sanchez, 48, Fremont, California, a licensed real estate agent, was sentenced by Senior U.S. District Judge Anthony W. Ishii to 21 months in prison for her role in a short sale fraud scheme.
Nadia Kuzmenko, 35, Loomis, California, Peter Kuzmenko, 36, Sacramento, California, Edward Shevtsov, 51, Sacramento, and Aaron New, 39, Sacramento, were found guilty by a federal jury of multiple counts of mail and wire fraud associated with their involvement in a straw buyer mortgage fraud scheme that cost financial institutions approximately $16 million.
Meili Lin, AKA Ally Lin, and Jyh-Chau Horng, AKA Henry Horng, were arraigned on charges of tax and mortgage fraud for allegedly filing false tax returns and submitting mortgage applications to federally insured lenders that contained materially false information.
Joshua Clymer, 28, San Francisco, California, was sentenced to two years in prison for conspiracy to commit mail and wire fraud in connection with a loan origination and property flipping mortgage fraud scheme. Continue Reading…
Martin Wayne Flanders, 50, formerly of Roseville, California, and Ligia Sandoval Spafford, 48, Roseville, pleaded guilty to mail fraud for their participation in a loan modification fraud scheme that targeted distressed homeowners. The couple used Ghost offers – i.e., fictitious offers to purchase the victim’s property through short sale – and skeleton bankruptcies – i.e., sham bankruptcy petitions that were quickly dismissed, to defraud homeowners.
Delores Reeves, 59, Fortuna, California, has been indicted and charged with three counts of mail fraud and two counts of aggravated identity theft for allegedly retaining funds intended for hard money real estate loans. Continue Reading…