Robinson Dinh Nguyen, 31, pleaded guilty before U.S. District Judge Lawrence J. O’Neill to Conspiracy to Commit Mail, Wire and Bank Fraud in connection with his employment as a real estate agent for Crisp & Cole Associates, aka Crisp & Cole Real Estate.
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Jesse Alvin Cripps Sr., 57, previously of Visalia, California, was sentenced by United States District Judge Lawrence J. O’Neill to nine years and six months in prison for an investment scheme involving the sale of fraudulent real estate investment trusts. As part of his sentence, Cripps must also pay $2 million in restitution to his victims and must forfeit the property and proceeds obtained from the scheme.
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Royce Lee Newcomb, 49, Roseville, California, was sentenced by United States District Judge Morrison C. England Jr., to five years and 10 months in prison, to be followed by three years of supervised release for a real estate fraud scheme. The amount of restitution will be determined at a future hearing. Newcomb pleaded guilty to the charges on May 12, 2011.
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A 25-count indictment charging eight individuals with conspiracy to commit financial institution fraud and wire fraud was unsealed. The defendants, Jacob Moynihan, Gerald Moynihan, John Greco, Raymond Foakes, Desiree Maclean, Josh Leo Johnson, Jerry Mays and Justin Batemon, were also charged with money laundering, conspiracy to maintain drug-involved premises and possession with intent to distribute a controlled substance.
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Richard A. Maize, 53, Beverly Hills, California, a West Los Angeles mortgage banker, has been sentenced to 18 months in federal prison for his role in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employer.
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Matthew Paul Kay, 36, a British citizen who formerly lived in West Los Angeles and the Park La Brea district of Los Angeles, California, a former real estate agent and mortgage broker charged with running a multi-million dollar mortgage fraud scheme was ordered held without bond after arriving in the United States to face federal fraud, identity theft and tax charges.
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James Hurst Miller Jr., 63, Paso Robles, California, was charged with federal fraud and money laundering offenses for allegedly bilking victims who invested into Central Coast real estate projects””money that was siphoned off for other purposes.
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Walter Daniel Olmstead, 39, Tracy, California, a real estate investor, pleaded guilty in U.S. District Court in Sacramento to conspiring to rig bids and commit mail fraud at public real estate foreclosure auctions held in San Joaquin County, California.
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Alonzo Gene McCowan, 51, Ventura County, California, has been sentenced after pleading guilty to three felony counts arising out of a series of real estate transactions. The crimes are alleged to have occurred during the period of October 2004 through September 2006, but were not discovered until January 2008.
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John George Coulter Jr., 79, Colorado Springs, Colorado, formerly of Placer County, California, has been indicted by a federal grand jury and charged with 12 counts of mail fraud and four counts of engaging in monetary transactions in criminally derived property.
The indictment alleges that Coulter was the operational manager for a group of investors who owned property in
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