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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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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Wayne Puff, 61, Old Bridge, New Jersey, the ringleader of a massive Ponzi scheme which defrauded hundreds of investors and mortgage lenders of more than $100 million through a purported real estate investment business, was sentenced to 216 months in federal prison and ordered to pay approximately $101.1 million in restitution and to serve 3 years of supervised
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Paul Bergrin, 53, Nutley, New Jersey, a defense attorney, was arrested with three other individuals on an indictment charging him with being the leader of a racketeering conspiracy that included murder of a witness in a drug case, the attempted hiring of a hitman in another drug case, wire fraud and money laundering, Acting U.S. Attorney Ralph J. Marra, Jr., announced.
The Mortgage Fraud Scheme
As
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Lizette Morice, 42, Ewing Township, New Jersey, has been sentenced to 10 years in prison for running a fraudulent investment scheme involving fictitious foreclosures, announced United States Attorney Laurie Magid. Morice pleaded guilty in July 2008 to seven counts of mail fraud. Between April 2006 and July 2007, Morice ran a company
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