Operation Stolen Dreams, which targeted mortgage fraudsters in the Eastern District of Texas and throughout the country is the largest collective enforcement effort ever brought to bear in confronting mortgage fraud.
George M. Baehr, Jr., 35, Dallas, Texas pleaded guilty to an Information on June 16, 2010, charging him with mail fraud. Baehr entered his plea before U.S.
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Manuel Ruiz Quiroz, 43, Miami, Florida has been convicted of two counts of mail fraud in connection with his submission of false documents in his applications for mortgages to refinance and purchase two homes, one at 352 SW Lakehurst Drive and the other at 866 SW Curry Street, Continue Reading...
The two cases involving mortgage fraud in Ventura, California, name a total of 14 defendants, all of whom face potential sentences of hundreds of years in prison if they are convicted in the schemes that cumulatively helped unqualified and straw borrowers obtain tens of millions of dollars in fraudulent mortgage loans.
Peter Morris, a California licensed real estate broker, and other professionals working at Continue Reading...
A federal indictment in the Western District of North Carolina has charged ten individuals with various criminal counts including mortgage fraud conspiracy and bank bribery conspiracy has been unsealed upon the arrests of most of the defendants.
Drew Sharreff-El, A/K/A “Mack Ahizi”, 46, Charlotte, North Carolina, has been charged with one count alleging mortgage fraud
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Fifty-six individuals in the Northern District of California are facing mortgage fraud related charges as a result of Operation Stolen Dreams.
Nearly $44 million in losses were inflicted by the mortgage fraud schemes employed by the alleged fraudsters in the Northern District of California. Seven individuals in the District have pled guilty to mortgage fraud related crimes during the take-down that began on March 1. Two individuals have been sentenced.
The charges were announced
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Christopher B. Maselli, 38, North Providence, Rhode Island, a real estate attorney, has been indicted on charges he falsified bank and federal tax documents, and lied about his income and assets, in obtaining more than 1.5 million dollars in mortgages.
According to the indictment, between December 2007 and March 2009, Continue Reading...
Angela R. Clark, 41, Lee’s Summit, Missouri, a former real estate agent pleaded guilty in federal court to her role in a $12.6 million mortgage fraud conspiracy that involved 25 upscale residential properties in Lee’s Summit, Missouri, and Raymore, Missouri.
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Peter Hartofilis, 33, Flushing, New York, pled guilty to conspiracy to commit mail and wire fraud (Count 1), and mail fraud (Count 11), in violation of Title 18, United States Code, Sections 1349 and 1341, respectively. Sentencing has been scheduled for August 16, 2010, at 10:30 am.
According to documents filed with the court and as previously Continue Reading...
Anthony G. Symmes, 59, Paradise, California, has agreed to plead guilty to an information, charging him with one count of conspiracy to commit mail fraud in connection with a builder bailout scheme involving fraudulent sales of 62 houses, and with one count of money laundering. Symmes, who is an attorney, a CPA, a developer, and the largest home builder in the Chico,
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Kathy Chen, 49, Westminster, California, a real estate broker, was convicted of conspiring with her boyfriend and his brother to commit $17.5 million in real estate fraud by purchasing 35 properties using stolen identities and intentionally defaulting on loans in order to steal the loan money. Chen was found guilty by a jury of 136 felony counts including one count of
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