Barbara Lynnae Puro, 48, Savage, Minnesota, a real estate agent, has been indicted for her participation in a multi-million dollar mortgage fraud scheme that victimized lenders across the country.
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Richard A. Maize, 53, Beverly Hills, California, a West Los Angeles mortgage banker, has been sentenced to 18 months in federal prison for his role in a massive mortgage fraud scam that caused more than $18.5 million in losses to banks, including his former employer.
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Matthew Paul Kay, 36, a British citizen who formerly lived in West Los Angeles and the Park La Brea district of Los Angeles, California, a former real estate agent and mortgage broker charged with running a multi-million dollar mortgage fraud scheme was ordered held without bond after arriving in the United States to face federal fraud, identity theft and tax charges.
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James Andrew Lawyer, 30, Utah County, Utah, will be sentenced Oct. 26, 2011, in U.S. District Court after pleading guilty to conspiracy in connection with a mortgage fraud scheme involving the purchase of a home in Highland, Utah.
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Kathleen Harps, 51, Chesapeake, Virginia, pleaded guilty in federal court to conspiring to commit mail and wire fraud in connection with a scheme to fraudulently obtain mortgage loans.
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Michael Williams, 33, Jersey City, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a “straw buyer” to cause a lender to release more than $632,000 based on a fraudulent mortgage loan application
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Robert Alexander, 36, Phoenix, Arizona pleaded guilty for his role as a real estate agent representing buyers who purchased multiple homes with loan applications containing false information and concealing from the lenders “kick backs” to the buyers.
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Two residential real estate appraisers are among 14 defendants who allegedly engaged in three separate mortgage fraud schemes involving four homes. Federal agents posed as straw buyers of houses, seeking assistance in financing and closing fraudulent mortgage transactions.
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Micah Meyers, 32, Copiague, New York, was sentenced in Manhattan federal court to 60 months in prison for his role in a sub-prime mortgage fraud scheme involving dozens of residential mortgages that totaled more than $10 million. Meyers previously pled guilty to one count of conspiracy to commit bank and wire fraud on May 27, 2010. His sentence was imposed by United States District Judge Deborah A. Batts.
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27 South Florida residents have been indicted on charges stemming from their participation in a series of mortgage fraud schemes that resulted in more than $30 million in fraudulent loans.
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