Kevin M. O’Connell, 35, and Kevin D. O’Connell, 62, both of Albany, New York, were each sentenced in United States District Court, Syracuse, to 24 months incarceration by Senior District Court Judge Norman A. Mordue resulting from a long-term mortgage fraud investigation.
Archives For November 30, 1999
Alan Ritter, 70, Monsey, New York, a self-employed accountant, was sentenced in Manhattan federal court to three years in prison in connection with his operation of an 11 year, $6 million Ponzi scheme whereby he defrauded investors by falsely telling them that he intended to use the money to invest in real estate ventures.
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Schelton Assoumou, 36, Brooklyn, New York, a real estate developer, was arrested on charges of bank fraud and wire fraud for his participation in a multi-year mortgage fraud scheme.
Mitchell Cohen, 54, Old Westbury, New York, the owner of the now defunct Buy-A-Home real estate brokerage business, pled guilty to one count of conspiracy to commit wire, bank and mail fraud in connection with a multi-million dollar mortgage fraud scheme.
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Michael G. Bouchard, 49, Albany, New York, was convicted by a jury on four felony counts resulting from Bouchard’s role in a series of mortgage frauds in the Northern District of New York.
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David P. Gaylord, 52, Rochester, New York, who was convicted of bank loan application fraud, was sentenced to time served and five years’ supervised release and ordered to pay $46,914.73 in restitution.
Andrew Bartok, 66, Clifton, New Jersey, a former owner of the foreclosure remediation business Revelations Consulting, which was located in New Jersey and Connecticut, was convicted of defraud distressed homeowners, witness tampering and obstructing federal court proceedings.
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Mohamed Mahmow, 34, Syracuse, New York, was sentenced to 63 months imprisonment for fronting drugs to addicts whom he knew owned real property. Once the addict had incurred a sufficiently substantial drug debt, Mahmow would require the addict to sign over any real property they owned.
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Eric Finger, 47, Mineola, New York, a real estate attorney, was sentenced in Manhattan federal court for his role in a $9 million mortgage fraud scheme.
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Mark Hotton, Long Island, New York, has been charged with defrauding others by fabricating the prospect of $4.5 million in financing commitments and the possibility of a $1.1 million loan.
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