Stephen Lyster Siringoringo, 34, Westminster, California, Joshua Michael Cobb, 32, and Alfred Orn Clausen, 41, Rancho Cucamonga, California have been charged for their alleged involvement in a major loan modification fraud scheme that resulted in losses of over 44 million dollars by unsuspecting victims.
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Arlene Jeanette Mojardin, 32, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud, in connection with a mortgage fraud scheme in Bakersfield.
Anatoliy Azarov, 33, Sacramento, California, pleaded guilty to mail fraud for a mortgage fraud scheme involving 24 residential properties. The defendant and his co-conspirator convinced investors to purchase their inventory of properties at inflated prices and used the excess funds as working capital to continue their business. Continue Reading…
Gabriela Carter, 43, Sacramento, California, is the subject of an eight-count grand jury indictment charging her with bank fraud for allegedly submitting fraudulent loan applications to federally insured financial institutions to obtain real estate loans that her clients were not qualified to receive.
Alan David Tikal, 46, the principal operator of a large-scale mortgage fraud/mortgage elimination scheme, was sentenced to 24 years in prison.
Agustin Simon, 53, Patterson, California, was sentenced by U.S. District Judge Lawrence J. O’Neill to 15 months in prison for conspiring to commit bank fraud. Simon was convicted of submitting fraudulent short-sale applications, which caused financial institutions to approve the charge-off of funds for the short-sale of his home.
Rachel Siders, 39, Roseville, California, was convicted by a federal jury and found guilty of bank fraud, making a false loan application, and committing aggravated identity theft. Continue Reading…
Dana Faulkner, 48, Oakland, California, was sentenced by United States District Judge John A. Mendez to one year in prison for conspiring to commit mail fraud and make false statements in loan applications. Faulkner is the ninth defendant to be sentenced as the result of a large scale mortgage fraud scheme operating out of the headquarters of Liberty Real Estate & Investment Company and Liberty Mortgage Company.
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.
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.