A federal grand jury has indicted six defendants in a mortgage fraud conspiracy in which lenders provided over $3.5 million for fraudulently obtained loans.
Archives For November 30, 1999
Amy Nicole Schloemann, aka Amy Kinney, 36, Vallejo, California, was sentenced this week to 36 months in prison and ordered to pay $5,805,902 in restitution for her role in a real-estate related wire fraud conspiracy.
Jerry Kerley, 60, Kodak, Tennessee, was sentenced to serve four years in prison for his May 2012 federal convictions for wire fraud, bank fraud, and money laundering, all arising from a mortgage fraud scheme.
Peterson Cherimond, 36, Dorchester, Massachusetts, was sentenced for operating a mortgage fraud scheme to sell his own home and to buy other residential properties.
Gerard Canino, 51, Merrick, New York, the president and owner of First Class Equities (FCE), was sentenced in Manhattan, New York, federal court to 97 months in prison for his participation in a $66 million mortgage fraud scheme.
Bonnie M. Gardner, 55, Apollo, Pennsylvania, pleaded guilty in federal court to a charge of mail and wire fraud conspiracy.
Klary Arcentales, 44, Lyndhurst, New Jersey, was indicted for her role in a long-running, large-scale mortgage fraud scheme that caused millions of dollars in losses.
Stanley A. Walton, 54, Las Vegas, Nevada, an attorney, has pleaded guilty to a charge brought against him in February 2011 that he participated in a scheme to obtain mortgage loans from financial institutions using straw buyers and false loan applications.
Scott C. Allmon, 38, Easley, South Carolina, pled guilty in federal court in Anderson to making false statements in connection with a real estate investment scheme, a violation of Title 18, United States Code, Section 1001.
Fred Haywood, 42, Chicago, Illinois, a former loan officer, was sentenced to more than 12½ years in federal prison for engaging in a mortgage fraud scheme involving 65 real estate transactions with properties located mostly in economically-depressed neighborhoods, which netted him personally more than $700,000.