Joseph Angelo Sivigliano, 80, Oklahoma City, was sentenced to serve 96 months in prison for conspiracy, wire fraud, and money laundering in connection with a real estate investment Ponzi scheme.
Continue Reading...Archives For Ponzi Scheme
James Scott Brown, 67, Leawood, Kansas, an attorney, was sentenced in federal court for his role in a fraud conspiracy that stole more than $52 million from its victims.
Continue Reading...
Celia Gallardo, 42, North Hills, California, a real estate agent and self-described real estate investor charged with running a million dollar-plus Ponzi scheme out companies based in the Santa Clarita Valley, has been arrested on federal wire fraud and mail fraud charges.
Continue Reading...
Wayne L. Palmer and his firm, National Note of Utah, LC, West Jordan, Utah, have been issued a temporary restraining order and have had their asset frozen by The Securities and Exchange Commission for allegedly operating a real estate-based Ponzi scheme that bilked $100 million from investors nationwide.
Continue Reading...
Joseph Mazella, Staten Island, New York, has been sentenced for running a $14 million real estate Ponzi scheme.
Continue Reading...
Aldo Joseph Baccala, 71, Petaluma, California, was arrested for stealing more than $20 million from dozens of real estate investors in a Ponzi scheme through his company Baccala Realty, Inc.
Continue Reading...
Martin T. Sigillito, 63, Webster Groves, Missouri, an attorney and clergyman, was convicted in federal court of leading a real estate fraud conspiracy that stole more than $52 million from its victims.
Continue Reading...
Robert J. Congdon, 61, Polson, Montana, d/b/a Cornerstone Financial, Inc., and K&B Investments, LLC., pled guilty during a federal court session in Missoula, Montana, to defrauding hard money borrowers.
Â
Continue Reading...
Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.
Continue Reading...
Guadalupe Valencia, 47, West Covina, California, who admitted running a real estate Ponzi scheme that took in approximately $6.9 million from more than 150 victims has been sentenced to 108 months in federal prison.
Continue Reading...