Scott Dority, 54, San Marino, California, has been sentenced to 121 months in federal prison for defrauding banks and other lenders by using straw borrowers and bogus documents to obtain millions of dollars in loans for houses and high-end vehicles that included Ferraris and Lamborghinis.
Continue Reading...Archives For November 30, 1999
Patricia Ann King, 57, Bakersfield, California, was sentenced by Chief United States District Judge Anthony W. Ishii to three years and one month in prison for her role in a mortgage fraud scheme and for aiding and assisting the preparation of false tax documents in connection with her tax preparation business.
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Sushama Devi Lohia, 74, Newport Beach, California, a mother convicted of conspiring with her two daughters and son-in-law to commit over $16 million in real estate fraud by forging documents and purchasing homes using straw buyers, was sentenced to eight years in state prison.
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Leo Wheeler, 56, Roseville, California, was sentenced by United States District Judge Garland E. Burrell, Jr. to four years and three months in prison, to be followed by three years of supervised release for defrauding investors in a real estate project.
Anthony G. Symmes, 61, Paradise, California, was sentenced to two years and 11 months in prison, to be followed by three years of supervised release for his role in a builder bailout scheme using straw buyers. Symmes was also ordered to forfeit $4 million dollars.
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David A. Nilsen, 61, Seaside, California, was sentenced to 97 months in prison, and ordered to pay $69,828,833 in restitution following his conviction for conspiracy to commit mail and wire fraud in connection with his operation of Cedar Funding, a Monterey-based hard-money lender,
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Niche Savon Fortune, 39, Chico, California, was sentenced by United States District Judge Edward J. Garcia to four years and nine months in prison, to be followed by three years supervised release for his role in a mortgage fraud scheme centered in Chico, California, in 2007.
Kesha Danine Fortune Haynie, 41, Chico, California, was convicted after a six day jury trial of two counts of mail fraud in connection with a mortgage fraud scheme.
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Aruna Kumari Chopra, 63, Modesto, California, was indicted by a federal grand jury and charged with two counts of mail fraud and two counts of aggravated identity theft for allegedly forging the signature of a notary on two occassions.
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California homeowners are warned to beware of phone solicitations from scam artists claiming to provide assistance related to the recent national mortgage settlement.
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