Billy Frank Davis, aka Bill F. Davis, 68, Houston, Texas, a former attorney, has been sentenced to 10 years in federal prison for perpetrating a decade-long real estate investment fraud scheme that victimized more than 20 investors of approximately $7.8 million.
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Martin T. Sigillito, 63, Webster Groves, Missouri, an attorney and clergyman, will spend the rest of his life in prison for leading a fraud conspiracy that stole more than $56 million from its victims.
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Anthony F. D’Agostino, 77, former owner, CEO and president of Commercial Mortgage and Finance Co., Rockford, Illinois, was indicted by a federal grand jury and charged in connection with a scheme to defraud investors in Commercial Mortgage.
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Kaveh Vahedi, 51, Glendale, California, has agreed to plead guilty to federal fraud charges admitting that he ran three separate scams, including a mortgage fraud scam and a Ponzi scheme that defrauded 30 families out of more than $8 million.
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Billy Frank Davis, aka Bill F. Davis, 67, Houston, Texas, a former attorney, has pleaded guilty to one count of wire fraud in connection with his real estate investment fraud scheme that victimized more than 20 investors of approximately $7.8 million.
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Celia Gallardo, 42, North Hills, California, a real estate agent and self-described real estate investor, has agreed to plead guilty to running a multi-million-dollar Ponzi scheme out of companies based in the Santa Clarita Valley, California.
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Francis X. Sanchez, 52, Woodstock, Illinois, was sentenced in federal court by U.S. District Judge Philip G. Reinhard to 136 months in prison for conducting a $7 million fraud scheme.
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Joseph Angelo Sivigliano, 80, Oklahoma City, Oklahoma, was sentenced to serve 96 months in prison for conspiracy, wire fraud, and money laundering in connection with a real estate investment Ponzi scheme.
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James Pilon, 68, and Verna Pilon, 59, Joliet, Illinois, have been sentenced to federal prison terms for engaging in a brazen investment fraud scheme that swindled more than $1 million from approximately 40 victims, causing some of them to lose their homes and financial security while the couple spent the money primarily on themselves.
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Robert J. Congdon, 61, Polson, Montana, who also did business as Cornerstone Financial, Inc., and K&B Investments, LLC., appeared for sentencing on September 6, 2012, before U.S. District Judge Donald W. Molloy.
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