James Toufic Assali, 36, Irvine, California, the owner of a Costa Mesa, California-based mortgage refinance company and escrow business, is charged in a large fraudulent rate-lock loan modification scheme targeting mostly out-of-state and some elderly victims. Assali is currently sought by law enforcement officers. To date, known victims are residents of California,
Continue Reading...Archives For November 30, 1999
Melvin Rohs, 65, Nevada City, California, was sentenced by United States District Judge Lawrence K. Karlton to 33 months in prison to be followed by five years of supervised release and ordered him to pay $533,976 in restitution.
On December 14, 2010, Rohs pleaded guilty to three counts of theft, embezzlement or misapplication of bank officer or employee and two counts of
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Larry P. Corbi Jr., 36, Buellton, California, was sentenced to 21 months in federal prison for defrauding banks by nearly simultaneously seeking home equity lines of credit from four different federally insured financial institutions.
Corbi, who resided in Marina del Rey during the course of the scheme and has since relocated to the Central Coaset, was sentenced by United States
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William Warren Baker, 59, Laguna Nigel, California, was convicted of stealing over $900,000 from investors in a Ponzi scheme by fraudulently promising to buy, refurbish, and re-sell distressed homes for a profit.
As previously reported by Mortgage Fraud Blog, Continue Reading...
Imelda Sanchez, 39, Nipomo, California, was arrested and arraigned on charges of orchestrating a tax scheme involving stolen identities, as well as a loan fraud scheme in which she allegedly submitted false income tax returns that overstated her income in an effort to obtain a $1.6 million loan. Sanchez was arrested at her place of business by special agents with IRS –
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David Romo, 42, Folsom, California, a real estate developer, has been indicted by a federal grand jury returned a 12-count indictment with mail fraud, wire fraud, and money laundering, related to a real estate investment scheme that defrauded investors of more than $2.5 million.
According to the indictment, Romo, using his Sacramento, California companies Continue Reading...
Charles C. Jamison, 30, Citrus Heights, California, was sentenced by United States District Judge Lawrence K. Karlton to two years and eight months in prison, to be followed by three years of supervised release. Jamison pleaded guilty to bankruptcy fraud charges on February 16, 2011.
According to court documents, Continue Reading...
Steven Charles Laubly, 62, Clovis, California, was convicted of three counts of failing to file a tax return and one count of tax evasion. The defendant evaded payment of those taxes by, among other things, purchasing property in Hawaii under another person’s name. The guilty verdict was returned by a federal court jury in Fresno, California, after a five-day trial before United States District Judge Lawrence
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Garry Bradford, 62, Sacramento, California, was arrested after a federal grand jury returned a five-count indictment against him on April 14, 2011. He is charged with wire fraud in connection with a real estate investment “Ponzi” scheme.
According to the indictment, from August 2004 until October 2008, Bradford
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Luis Miguel Macias, 40, Rialto, California, was arrested on Wednesday, April 20, 2011, by investigators from the San Bernardino County District Attorney’s Office-Real Estate Fraud Prosecution Unit in the hallway of the San Bernardino County Superior Courthouse.
Macias had been out on bail facing felony charges in another real estate related fraud case when investigators
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