Nefrititi Luv a/k/a Phlecia Pierce a/k/a Phlecia Rice (Luv), 49, an Arizona resident, pleaded guilty in federal court in San Francisco, California, to mail fraud and failure to file a tax return.
In pleading guilty, Luv, admitted that between November 2005 and January 2006, she submitted false loan applications and other documents in connection with the
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Michael Milan, 49, Bethesda, Maryland, was sentenced to 108 months in prison, followed by three years of supervised release, for his role in carrying out a multi-million-dollar mortgage fraud scheme. Milan was also ordered to pay restitution of $3,141,409 and to forfeit $1,061,890 in proceeds he obtained.
According to court records and as previously Continue Reading...
Mark J. Moncher, 53, Orlando, Florida, has been sentenced to 57 months in federal prison for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme. The court also ordered Moncher to pay more than $1.9 million in restitution. Moncher had pleaded guilty on December 29, 2009.
According to court
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Brian Ragauckas, 36, Secaucus, New Jersey, a police officer, was arrested based on a Complaint charging him with bank fraud in connection with a $529,777 mortgage loan that he obtained through false representations to the former Countrywide Bank FSB.
According to the Complaint, Ragauckas and his wife own
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Gerald James Greenfield, 64, Bloomington, Minnesota, was charged with one count of conspiracy to commit mortgage fraud through the use of wires, four counts of mortgage fraud by means of interstate wire, one count of conspiracy to commit concealment money laundering, and one count of engaging in a monetary transaction with criminally derived property. Nicholas Ryan Delon
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John A. Bui, 46, of San Jose, California was sentenced to 41 months in federal prison and ordered to pay $3,500,000 in forfeiture as a result of his convictions for conspiring to commit wire fraud, destruction of records in a federal investigation, and witness tampering.
As previously reported on Mortgage Fraud Blog and per court Continue Reading...
Shih Siang Shawn Liao, 35, Manhattan, New York, an international businessman has been sentenced to three to nine years in state prison for having used a forged power of attorney to unlawfully obtain a mortgage on his mother-in-law’s condominium in the Little Neck section of Queens, New York and steal more than $300,000. The
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William Warren Baker, 57, Laguna Nigel, California, was arrested for stealing over $900,000 from investors in a Ponzi scheme by fraudulently promising to buy, refurbish, and re-sell distressed homes for a profit. Baker is charged with 13 felony counts of using untrue statements in the purchase or sale of securities and 13 felony counts of selling securities in issuer transactions
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John Melchionna, 42, a former Linden, New Jersey, resident was arrested and charged with 13 separate counts after an investigation revealed that he used another man’s identity to secure $270,000 in loans. Melchionna a faces charges of theft by deception, identity theft and forgery.
According to the complaints, Melchionna
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Angela M. Moore, 42, a Florida resident, has been charged with a scheme to defraud, grand theft, and operating as a real estate broker without a license in a case involving online real estate sales.
The initial investigation began in October 2008 when the Florida Office of the Attorney General received a complaint and referred it to the Lee County Sheriff’s Office Economic Crimes Unit. The victim had participated in an online auction
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