Vickie Fuentes, Fresno, California, was sentenced to 5 years local prison and ordered to pay restitution to 33 homeowners in the amount of $142,599.99.
Archives For November 30, 1999
Maziar Bordbar, Saeid Yarandi, Pamela Gressier, Nathaniel Ferrer, Roberto Durano, and Joel Valdellon have been charged with running a loan modification scam in Orange County, California, wherein the defendants allegedly promised modifications in exchange for upfront fees.
Jonathan L. Herbert, 36, Lighthouse Point, Florida, has been charged with wire fraud for conducting a home loan modification scam that targeted individuals who were having difficulties making their mortgage payments.
Jason Vitulano, 39, Boca Raton, Florida, was sentenced by U.S. District Judge Kenneth Marra to 132 months in prison, to be followed by three years of supervised release, for operating boiler rooms that collected advance fees from distressed homeowners purportedly in exchange for obtaining loan modifications for the homeowners.
Jeffrey Charles Leroy Taylor, 40, a former Tampa Bay Buccaneers football player, pled guilty before U.S. Magistrate Judge Dave Lee Brannon to charges of conspiracy to commit mail fraud and wire fraud, and mail fraud for his role in a scheme to bilk thousands of homeowners who were struggling to make their mortgage payments. .
Nationwide Consulting, LLC, and its operators, Kenneth Sandoval and Zacharia Ortiz, who were convicted for their roles in a loan modification scheme, will be repaying their victims out of restitution obtained in the criminal case.
The U.S. Circuit Court of Appeals for the Sixth Circuit has issued a decision upholding a district court ruling that several defendants based in the United States and Canada deceived consumers through a telemarketing scheme designed to sell them phony mortgage assistance and debt relief programs.
Mark Nagy Atalla, a defendant in a 2013 Federal Trade Commission action targeting deceptive mortgage and debt relief pitches, is the subject of a Southern California federal district court judgment of nearly $515,000.
James P. Kyricopoulos, 65, Haverhill, Massachusetts, was sentenced by Superior Court Judge Thomas Drechsler to three to five years in state prison followed by eight years of probation during which he must pay $24,000 in restitution to the victims for convincing homeowners to send him their mortgage payments in exchange for a loan modification.
Jason Vitulano, 39, Boca Raton, pled guilty before U.S. District Judge Kenneth Marra to charges of conspiracy to commit mail fraud and wire fraud, and mail fraud, in violation of Title 18, United States Code, Sections 1349 and 1341, admitting his role as ringleader of a loan modification scheme.