Ronald Gene Morgan, 60, Las Vegas, Nevada, has been arrested on wire fraud charges for taking hundreds of thousands in fees from persons who thought the payments would help them obtain loans for various business ventures.
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George Christo George, 55, Las Vegas, Nevada, was sentenced for six to 20 years in prison for defrauding several Northern Nevadans of more than $238,000 through elaborate schemes including a false business partner posing as a wealthy sheikh to lure victims into bogus real estate deals and to investments in a luxury downtown Reno high rise condominium.
Derrick Phelps, 46, Katy, Texas, and his wife, Cynthia Phelps, 44, who owned two mortgage service businesses in Henderson, Nevada, have been sentenced to prison for their roles in a mortgage fraud scheme that caused over $30 million in losses to federally insured financial institutions.
George Christo George, 55, Las Vegas, Nevada, pleaded guilty to mortgage fraud in a case involving defrauding several Northern Nevadans together of more than $238,000 through elaborate schemes that included bogus real estate deals with a fictitious wealthy sheikh and investments in a luxury downtown Reno, Nevada high rise.
Jose Christian Delgado, 39, Las Vegas, Nevada, was arrested in connection with his involvement in a mortgage lending fraud scheme involving five known victims.
Steven E. Jones, 56, a family court judge, and four co-defendants pleaded guilty to conspiracy charges for defrauding over 22 people of millions in an investment fraud scheme involving real estate transactions. As part of his plea agreement with the government, Jones agreed to step down from the bench and surrender his law license to the State Bar of Nevada.
William Chrissikopoulos, 43, Las Vegas, Nevada; and Lynda Finch-Estrada, 54, Las Vegas, have been arrested on a warrant for various felony theft and fraud charges involving alleged operation of a mortgage lending fraud in Las Vegas.
Fiorella Sophia Tealdo, 47, Las Vegas, Nevada, was arrested in connection with a mortgage lending fraud scheme in which three victims paid up-front fees ranging from $1,800 – $4,210 toward their mortgage loan modifications, which were never completed.
Carmen Denise Mosley, 44, Granada Hills, California, an accountant, was sentenced to 57 months in federal prison and ordered to pay approximately $1.1 million in restitution for her role in a mortgage fraud scheme in southern Nevada. The defendant conspired to obtain mortgage loans from financial institutions by causing materially false information to be placed in the buyers’ mortgage loan applications and supporting documentation.