Celia Gallardo, 42, North Hills, California, a real estate agent and self-described real estate investor, was sentenced to five years in federal prison and remanded into custody for her offenses, which included ripping off real estate investors.
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Gershon Barkany, 29, Woodmere, New York, pleaded guilty at the federal courthouse in Central Islip, New York, to wire fraud in connection with his role in a $62 million real estate ponzi scheme.
George Lindell, 65, and Holly Hoaeae, 39, Honolulu, Hawaii, are the subjects of a 17-count indictment for allegedly operating a pyramid or Ponzi scheme between January 2005 and November 2010.
Bonnie M. Gardner, 55, Apollo, Pennsylvania, pleaded guilty in federal court to a charge of mail and wire fraud conspiracy.
Michael Morawski, 56, Sleepy Hollow, Illinois, and Frank Constant, 59, West Dundee, Illinois, whom swindled investors out of millions of dollars in a Ponzi fraud scheme, were sentenced to federal prison and ordered to pay full restitution to their victims.
Shervin Neman, whose given name is Shervin Davatgarzadeh, 31, Century City, California, was arrested by FBI special agents after he was charged with running a Ponzi scheme and then bilking another victim out of millions of dollars that he used to pay back earlier victims after the S.E.C. took him to court.
Wayne Reed Ogden, 48, Koosharem, Utah, charged with wire and securities fraud in connection with a Ponzi scheme involving real estate, pleaded guilty in federal court to one count of wire fraud and one count of securities fraud.
Joe Don Johnson, 43, Midwest City, Oklahoma, was sentenced by United States District Judge David L. Russell to serve 118 months in prison for conspiracy to commit money laundering in connection with a Ponzi scheme involving a real estate investment scam.
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Gershon Barkany, 29, Far Rockaway, New York, was arrested by the FBI based on a criminal complaint alleging that the he defrauded investors by promising to use their money in risk-free deals to purchase and then immediately re-sell at a profit large real estate properties located in New York City and New Jersey.
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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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