John Siuszko, 55, Wharton, New Jersey, a second man admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a straw buyer to cause a lender to release almost $980,000 based on a fraudulent mortgage loan application.
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Alonzo Gene McCowan, 51, Ventura County, California, has been sentenced after pleading guilty to three felony counts arising out of a series of real estate transactions. The crimes are alleged to have occurred during the period of October 2004 through September 2006, but were not discovered until January 2008.
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Charles Harvath, 33, Lodi, N.J., admitted to conspiring to participate in a scheme which caused lenders to release more than $40.8 million based on fraudulent mortgage loan applications and conspiring to launder the proceeds of the fraud.
Harvath pleaded guilty to an information charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering.
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The U.S. Attorney’s Office for the District of Columbia has successfully built upon the efforts of Operation Stolen Dreams, a nationwide initiative against mortgage fraud, with prosecutions of defendants accused of crimes that resulted in losses of more than $10 million. Those convicted include:
Ronald Johannes Sneijder, Herndon, Virginia, 48, a former owner of a title and escrow company based in the District of Columbia.
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James and Wendy Ober, Hudson, Wisconsin, Raul Burgos Pliego, Farmington, Minnesota, and Alejandro (Alex) Sanchez aka Silverio Alejandro Sanchez Cruz, Bloomington, Minnesota, were charged with racketeering in a
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Cedric Nelson, 51, Las Vegas, Nevada, who owns and operates an accounting company, was arrested on mortgage fraud charges and is scheduled to appear in federal court for an arraignment.
Nelson is charged in a criminal indictment with two counts of wire fraud. The indictment was returned by the federal grand jury on May 25, 2011, and unsealed following his arrest.
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Brett Matheson, 46, pleaded guilty in federal court to conspiracy to commit wire fraud in a $50 million mortgage fraud scheme based in Phoenix, Arizona. Two others have also entered guilty pleas and are awaiting sentencing.
Matheson acknowledged in his guilty plea that as President and CEO of Continue Reading...
Alexander Kaplan, 36, Brooklyn, New York, formerly a Brooklyn-based real estate lawyer and the owner of a title insurance company, was sentenced on Friday, June 17, 2011, in Manhattan federal court to 46 months in prison by United States District Judge Richard J. Holwell for his role in a multimillion dollar mortgage fraud scheme. Kaplan was convicted, on February 6, 2009, of eighteen
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Ryan Daryl Krutzig, 31, Maple Grove, Minnesota, a real estate appraiser, and Jesse Scott Hoffman, 32, St. Cloud, Minnesota, a real estate agent, were indicted in connection with a $1.8 million mortgage fraud scheme that involved 28 properties. The defendants were charged with five counts of wire fraud in connection to the scam. In addition, Continue Reading...
The following individuals were arraigned:
Gayle Tracy, 50, Batavia, Illinois, faces 12 charges: 3 counts each of Conspiracy to Commit a Financial Crime and Financial Institution Fraud; 2 counts each of Organizer of a Continuing Financial Crimes Enterprise and Theft by Deception; and 1 count each of Continuing Financial Crimes Enterprise and Money Laundering.
Brent
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