In the following press release Robert E. O’Neill, United States Attorney for the Middle District of Florida today (7/28/08) announced the return of a 47-count Indictment against four individuals charging them with conspiracy, making false statements in connection with bank loans, a scheme to defraud seven FDIC - insured banks, and money laundering.The indicted defendants are:(1) NEIL MOHAMED
In the following press release Marietta Parker, Acting U.S. Attorney for the District of Kansas announced that David Kostelec, 53 Leawood, Kan., has pleaded guilty to charges he and other conspirators fraudulently obtained more than $12 million in home loans, Acting U.S. Attorney Marietta Parker announced today. In his plea, Kostelec admitted that from July 20, 2002, through Oct. 14,2005, he and o
Lenders have helped 1,178,000 troubled home owners as part of a Bush-administration led housing rescue effort, according to numbers released Thursday by the Hope Now coalition.
But it’s still not clear from the data, which are from July, 2007 through the end of February, exactly how effective Hope Now has been in keeping people in their [...]
In the following press release Dolores Carr, the Santa Clara County (CA) District Attorney announced that on August 7, 2007, investigators from the District Attorney’s Office arrested Thien Chi Vuong, 31 and Thanh Tuyen Tran (aka Kim Tran), 30 both of San Jose on “No Bail” arrest warrants. The couple currently faces up to 12 years in prison on three felony counts including Conspiracy and Grand Theft, with aggravated white collar crime and excess taking enhancements; however, the investigation into additional victims and other alleged crimes is ongoing. Between February and December May of 2006, the couple purchased 10 single family homes in San Jose with a combined value of over $8.5 million. During the transactions Vuong acted as Tran’s agent, while failing to disclose their marriage, and fraudulently verifying Tran’s rental history claiming to be her landlord. Tran qualified for the loans by fraudulently misrepresenting her employment, income, assets,
Anthony T. Harrelson, 29, of Midlothian, Virginia, was indicted by a federal grand jury on nine counts of bank fraud and one count of money laundering arising from two separate schemes to defraud federally-insured financial institutions. According to court documents, in the first scheme beginning in September 2006, it is alleged that Harrelson used the equity in his $270,000 residence in Midlothian, Virginia, to secure home equity loans from eight separate …Read More...
Jeffrey Tyler Wine, 28, Kansas City, MO, was sentenced in U.S. District Court to five years in federal prison without parole. The court also ordered Wine to pay $4,946,748 in restitution. The business owner was sentenced for a $17.5 million mortgage fraud scheme that involved 280 residential properties. Last year, Wine pleaded guilty to mortgage fraud conspiracy and money laundering. The defendant admitted that from November 2001 to May 2005, he …Read More...
Kalil Khalil, 36, plead guilty in U.S. District Court in Michigan and admitted that during a 24-month period beginning in January 2001, he prepared fraudulent loan applications and related documents that were submitted to mortgage lenders. Each of the loan packages submitted to a mortgage lender was fraudulent in one or more of the following ways: the purpose of the loan was not to buy or refinance a residence; the borrower described on …Read More...
Megan McGuire, Miramar, Florida, pled guilty to conspiracy to commit mail and/or wire fraud and aggravated identity theft for her involvement in Operation Whose House. On Tuesday, March 13, 2007 Christine A. Brown also pled guilty to one court of aggravated identity theft for her involvement in Operation Whose House. McGuire and Brown are both scheduled to be sentenced in May, 2007 in Fort Lauderdale, Florida. At sentencing, McGuire …Read More...
After an eight week trial, a federal jury today returned guilty verdicts against ten defendants charged with multiple counts in a mortgage fraud scheme that targeted the Atlanta, Georgia metro housing and condo market from 2000 through part of 2003. The verdicts returned today included guilty verdicts on charges of loan fraud, wire and mail fraud, and money laundering. The ten defendants found guilty today of participating in this conspiracy include: Marcus …Read More...
Pamela Jones Johnson, 38, title agent, Parkland, Florida, and Elena Gunter Granderson, 43, title agent, Pembroke Pines, Florida, each were arrested on a charge of organized scheme to defraud. The two title agents are believed to be part of a six-member mortgage fraud ring suspected of duping several mortgage lenders and a homeowner out of nearly $2 million. The arrests focused on real estate transactions on five properties located in Dade, …Read More...
Troy Scott Clements, former operator of the Springdale mortgage firm, American Funding, was sentenced to 24 months in prison for his role in defrauding mortgage lenders out of $2.3 million in the Greater Cincinnati, Ohio area over the course of several years. He admitted to charges of bank fraud and money laundering last fall in an ongoing mortgage fraud investigation. The fraud scheme has already resulted in over three dozen guilty pleas. According to the indictment, Clements was a private mortgage lender in Southwest Ohio and operated under trade names of American Funding, T.C.T. Contracting and Troy Clements, Trustee. American Funding‘s offices were co-located with the offices of Airline Union’s Mortgage Company, …Read More...
