John Michael Stevens, 47, Lakeville, Minnesota, pleaded guilty for his role in a scheme to defraud mortgage lenders in connection with the sale of condominiums at the Chateau Ridge development in Burnsville, Minnesota.
Archives For Minnesota
Alpha Rashidi Mshihiri, 38, Maple Plain, Minnesota, was indicted on charges of conspiring to defraud mortgage lenders.
Richard Scott Spady, 40, Bloomington, Minnesota, was sentenced for his role in defrauding financial institutions and homeowners under the guise of a program to rescue homes from foreclosure.
Robert Leo Rick, 52, White Bear Lake, Minnesota, was sentenced for his role in a mortgage fraud scheme that defrauded mortgage lenders out of at least $7 million.
Bryan Joseph Lenton, 33, Oakdale, Minnesota, was sentenced for his role in a mortgage fraud scheme that caused losses to lenders exceeding $7 million.
Ashley Elizabeth Prasil, 28, a North Carolina resident, formerly of Eden Prairie, Minnesota, was sentenced in federal court for her role in a scheme that defrauded mortgage lenders out of approximately $8.9 million.
Continue Reading...
Chad Arthur Anderson, 39, Chisago City, Minnesota, and Troy Allen Huston, 43, Chisago City, both mortgage loan officers, were sentenced for recruiting straw buyers to purchase properties at inflated prices and then distributing the excess loan funds among themselves, the straw buyers, and others involved in the scheme.
Continue Reading...
Chad Wegscheider, 38, White Bear Lake, Minnesota, was sentenced by United States District Judge David S. Doty for fraudulently brokering loans in a mortgage fraud scheme.
James Warren Hoffman, 52, and Teresa Gay Hoffman, 53, Stillwater, Minnesota, were sentenced by United States District Judge David S. Doty in connection with a $5 million mortgage fraud scheme.
Continue Reading...
James Ober, 44, and Wendy Ober, 42, Hudson, Wisconsin, who had pleaded guilty to racketeering in a major mortgage fraud case, were sentenced to 120 months each in prison.
Continue Reading...