James Merrill Roberts was sentenced to 37 months in prison to be followed by 60 months of supervised release in conjunction with Mail Fraud and Money Laundering charges related to a mortgage fraud scheme. In addition, Roberts was ordered to pay $609,991 in restitution.
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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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James Merrill Roberts, Cedar Hills, Utah, pleaded guilty to counts 3 and 8 of an indictment charging him with a scheme to identify residential properties, recruited straw buyers, and, through false statements on loan applications, falsely inflated the apparent value of the properties to induce lenders to grant loans for amounts in excess of their fair market value.
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Steve Bunderson, 64, Salt Lake City, Utah, has been indicted and charged with making false statements to a financial institution and money laundering in connection with a mortgage fraud scheme involving the purchase of a home in Highland, Utah.
According to the indictment, in July 2006, a husband and wife listed a home for sale in Continue Reading...
The following four indviduals were arrested Wednesday, February 11, 2009, for allegedly defrauding financially troubled homeowners out of more than $1 million in property. The alleged victims were all Polynesian and were offered new mortgages to help save their homes from foreclosure. The defendants allegedly had straw buyers purchase the properties and then took out all of the equity.
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