Michael Howard Clott, a/k/a “Michael Howard,” Bethesda, Maryland, was sentenced in Manhattan federal court to 21 years and 7 months in prison for engaging in a series of real estate investment and mortgage fraud schemes in which he attempted to steal more than $10 million from his victims.
Continue Reading...Archives For November 30, 1999
J. Christopher Daly, 49, New York, New York, and Michael Abreu, 43, Carmel, New York, two former executives at a real estate development and management company, were sentenced to 15 months and one year and one day in prison, respectively, for their roles in a scheme to fraudulently obtain $2.2 million from a foreign-owned bank.
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Dorian Brown, 38, Mount Sinai, New York, and Fritz Bonaventure, 30, Lithonia, Georgia, two mortgage loan officers, were sentenced for their roles in a $9 million mortgage fraud scheme.
Frederick Warren and Denise Parks, two loan officers, were sentenced in Manhattan, New York, federal court for their roles in a $9 million mortgage fraud scheme in which 12 people were originally charged and 11 have pled guilty.
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Timothy McCabe, 47, and Theresa Morales, 48, Hypoluxo, Florida, have been indicted for bank fraud.
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Thomas Bannon, 80, New York, New York; Robert Bardey, 79, New York, New York; and Theodore Sweeten, 59, Ashland, Oregon, have been indicted in $5 milliion bank fraud scheme.
Matthew Burstein, 40, and Aaron Rabinowitz, 40, both New York attorneys, were convicted by a federal jury on ten felony counts for participating in a mortgage fraud scheme that resulted in over $25 million in fraudulently-obtained loans.
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Arthur Strasnick, 64, New Smyrna Beach, Florida, was sentenced on two counts of mail fraud and one count of identity theft.
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Mitchell Cohen, 54, Old Westbury, New York and Erin Davis, 43, Yonkers, New York, the owner and a sales manager, respectively, of Buy-A-Home, a real estate brokerage business, have been indicted for participating in a $7.5 million mortgage fraud scheme.
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Michael Raphan, 61, Oceanside, New York, was found guilty of conspiring to commit bank fraud and wire fraud in connection with a $66 million mortgage fraud scheme after a two-week jury trial.
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