real estate fraud: Man Pleads Guilty to Participating in Mortgage Fraud Conspiracy - 05/22/13 12:31 PM
Wolcott Resident Pleads Guilty to Participating in Mortgage Fraud Conspiracy   Deirdre M. Daly, Acting United States Attorney for the District of Connecticut, announced that Daniel Monteiro, 34, of Wolcott, waived his right to indictment and pleaded guilty today before United States Magistrate Judge Donna F. Martinez in Hartford to one count of conspiracy to commit bank fraud, wire fraud, and money laundering stemming from a mortgage fraud scheme.
According to court documents and statements made in court, from approximately May to October 2007, Monterio conspired with others to obtain residential mortgages through the use of false down payments and hidden … (2 comments)

real estate fraud: Man Sentenced to 121 Months in Prison for Fraud Scheme - 05/21/13 06:17 PM
Oakland Man Sentenced to 121 Months and Ordered to Pay $3.37 Million in Charity Fraud Scheme   OAKLAND—Keith Aaron Vann was sentenced yesterday to 121 months in prison and ordered to pay $3,377,089.64 in restitution for his role in a conspiracy to defraud three Arizona residents into donating millions of dollars to a phony charitable organization, United States Attorney Melinda Haag announced.
After a four-day trial, a jury convicted Vann on December 17, 2012, of conspiracy to commit wire fraud and mail fraud, a separate count of wire fraud and three counts of money laundering. During the trial, evidence showed that … (2 comments)

real estate fraud: U.S. Attorney Announces Fraud, Bribery Charges in Land Sale Scheme - 05/21/13 06:06 PM
U.S. Attorney’s Office Announces Fraud, Bribery Charges in Local Land Sale Scheme City Employees Allegedly Received Kickback Payments for Assisting in Fraduluent Land Deals   INDIANAPOLIS—United States Attorney Joseph H. Hogsett announced this afternoon the arrest and charging of five defendants who are alleged to have participated in a scheme to abuse the Indianapolis Land Bank program for their own benefit.
The indictment alleges that the two city of Indianapolis employees and three co-conspirators engaged in wire fraud and bribery in order to facilitate a number of fraudulent land purchases.
“These charges involve a conspiracy to defraud the taxpayers of … (2 comments)

real estate fraud: Former NYC Department of Housing Preservation & Development Sentenced - 05/21/13 05:54 PM
Former High-Ranking Official and New York City Department of Housing Preservation and Development Sentenced to 18 Months in Prison Director of Construction Services from HPD Took $30,000 in Bribes from HPD Contractor   Earlier today, Michael Provenzano, formerly director of Construction Services for the New York City Department of Housing Preservation and Development (HPD), was sentenced to a term of imprisonment of 18 months followed by three years of supervised release, and ordered to pay $30,000 restitution to the city of New York and a $5,000 fine following his corruption conviction for taking bribes.
As part of his sentence, Provenzano … (0 comments)

real estate fraud: Woman Indicted on Federal Charges of Conspiracy - $9mil Sought - 05/21/13 05:44 PM
Idaho Contractor Indicted on Federal Charges of Conspiracy, Money Laundering, Obstruction of Justice, Wire, and Tax Fraud Government Seeking Forfeiture of More Than $9 Million from Treasure Valley Woman   BOISE—U.S. Attorney Wendy J. Olson and Assistant Attorney General for the Tax Division Kathryn Keneally announced today that a federal grand jury in Boise returned a 42-page superseding indictment this week that charges Elaine Martin, 66, of Meridian, Idaho, with making false statements, conspiracy, wire fraud, mail fraud, and obstruction of justice. It also seeks forfeiture of over $9 million as the proceeds of the alleged crimes. Darrell Swigert, 67, of … (0 comments)

real estate fraud: Two Real Estate Investors and Their Company Sentenced for Bid-Rigging - 05/21/13 02:14 PM
Two Alabama Real Estate Investors and Their Company Sentenced for Their Roles in Bid-Rigging and Mail Frauad Conspiracies Involving Real Estate Purchased at Public Foreclosure Auctions   WASHINGTON—Two Alabama real estate investors and their company were sentenced today in U.S. District Court for the Southern District of Alabama in Mobile for their participation in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in southern Alabama, the Department of Justice announced.
Robert M. Brannon, of Laurel, Mississippi, and his son, Jason R. Brannon, of Mobile, Alabama, were each sentenced to serve 20 months in prison for … (0 comments)

real estate fraud: Man Pleads Guilty to Conspiracy Involving Embezzlement - 05/21/13 02:07 PM
Man Pleads Guilty to Conspiracy Involving Embezzlement from Turnberry Associates   LAS VEGAS—A man has pleaded guilty to conspiracy to commit fraud for his role in the embezzlement of nearly $5.6 million from Turnberry Associates, the parent company that owned or developed the Residences at MGM, Town Square shopping center, Turnberry Place, Turnberry Towers, and the Stirling Club in Las Vegas, announced Daniel G. Bogden, United States Attorney for the District of Nevada.
Rocco Lazazzaro, 55, of Las Vegas, pleaded guilty to conspiracy to commit wire fraud and is scheduled to be sentenced on Aug. 22, 2013, by U.S. District Judge … (0 comments)

real estate fraud: Former Owner of Construction Company Sentenced to 36 Months in Prison - 05/20/13 01:44 PM
Former Owner of Spring Hill Construction Company Sentenced to 36 Months in Prison   Stephen McLaughlin, 46, of Pelham, New Hampshire, former owner of EquipLinq, Co., a Spring Hill construction equipment company, was sentenced on May 13, 2013, by U.S. District Court Judge Todd J. Campbell to serve 36 months in prison, following his conviction on February 8, 2013, of two counts of wire fraud and one count of aggravated identity theft, announced David Rivera, Acting U.S. Attorney for the Middle District of Tennessee.
According to testimony presented at trial, on at least four occasions while serving as the president of … (0 comments)

real estate fraud: Woman Guilty of Mortgage Fraud - Claimed to Be an Air Force Officer - 05/20/13 08:13 AM
Orlando Woman Pleads Guilty to Making False Statements in Connection with a Residential Loan and Mortgage   PENSACOLA, FL—Chantal M. Lanton, 37, of Orlando, Florida, pled guilty today to two counts of making false statements to a bank in connection with her application for a residential loan and mortgage. Lanton will be sentenced by Chief U.S. District Judge M. Casey Rodgers on August 8, 2013. The guilty plea was announced by Pamela C. Marsh, United States Attorney for the Northern District of Florida.
Lanton waived her right to be indicted by a federal grand jury and was charged in two-count information … (0 comments)

real estate fraud: Defendant Used Nearly $1.7 Million of Fraudulent Proceeds to Buy Home - 05/17/13 11:49 AM
Former CEO of London-Based Company Pleads Guilty to Federal Charge in $2.1 Million Fraud Scheme Defendant Used Nearly $1.7 Million of Proceeds to Buy Home in Great Falls, Virginia   WASHINGTON—Kevin Richard Halligen, 51, an Irish citizen, pled guilty today to wire fraud, a federal charge stemming from a scheme in which he defrauded $2.1 million from a Netherlands-based commodities trading company, announced U.S. Attorney Ronald C. Machen Jr. and Valerie Parlave, Assistant Director in Charge of the FBI’s Washington Field Office.
Halligen pled guilty to one count of wire fraud, the first of two counts of an indictment that was … (0 comments)

real estate fraud: Former Bank Loan Officer Pleads Guilty to $2.6 Million Fraud - 05/16/13 09:03 PM
Former Bend-Area Bank Loan Officer Pleads Guilty to $2.6 Million Fraud Case Relates to the Collapse of Desert Sun Development in Bend, Oregon   EUGENE, OR—Today, Jeffrey Sprague, 50, of Bend, Oregon, appeared before Chief U.S. District Court Judge Ann Aiken and pleaded guilty to conspiracy to make false statements to a financial institution, to commit wire fraud, and to commit bank fraud.
The charge arose out of the collapse of Desert Sun Development (DSD), a development and construction company in Bend, Oregon. As part of his guilty plea, Sprague admitted that he caused his former employer, West Coast Bank, … (0 comments)

real estate fraud: Seneca Falls Woman Pleads Guilty to Fraud - Stole Money From Clients - 05/16/13 08:55 PM
Seneca Falls Woman Pleads Guilty to Fraud   ROCHESTER, NY—U.S. Attorney William J. Hochul, Jr. announced today that Mary Brainard, 60, of Seneca Falls, New York, pleaded guilty before U.S. District Judge Frank P. Geraci to wire fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
Assistant U.S. Attorney John J. Field, who handled the case, stated that Mary Brainard and her husband, Calvin Brainard, an attorney, owned and operated BMC Capital, a mortgage brokerage business in Seneca Falls.
Through BMC Capital, the Brainards brokered mortgage refinancing … (0 comments)

real estate fraud: Husband & Wife Swindlers Sentenced to Prison for Tax & Mortgage Fraud - 05/16/13 02:40 PM
Husband and Wife Sentenced to Prison for Tax Fraud   PENSACOLA, FL—Rudolf Straat, 49, and his wife Maria Gudelis, 45, both of Sarnia, Ontario, Canada, were sentenced to two years in federal prison for conspiring to commit tax fraud, mortgage fraud, and money laundering.
Between 2004 and 2012, the husband-and-wife team fraudulently obtained mortgage loans to purchase homes in Florida and Nevada for more than $10 million.
In applying for these loans, Straat and Gudelis falsely represented that they were United States citizens when, in fact, Straat is a citizen of the Netherlands, and Gudelis is a citizen of Canada. … (2 comments)

real estate fraud: New Jersey Man Sentenced to Six Years in Prison for $10 MIL Loan Fraud - 05/16/13 02:29 PM
New Jersey Man Sentenced to Six Years in Prison for Loan Fraud   PHILADELPHIA—Robert Coyle, Sr., 68, of Glassboro, New Jersey, was sentenced today to 72 months in prison for a loan fraud scheme that attempted to swindle more than $10 million from three banks.
He pleaded guilty to two counts of loan fraud on October 1, 2012.
Coyle owned and/or rented more than 300 properties in Philadelphia and operated a real estate business out of 2332 E. Allegheny Avenue.
Among his business entities were Landvest, LLP; Alivest, LLP; and Otay, LLC, to name a few.
Through those business … (0 comments)

real estate fraud: Former Construction Company Owner Indicted for Income Tax Evasion - 05/16/13 11:02 AM
Former Construction Company Owner Indicted in Nevada for Income Tax Evasion   WASHINGTON—A federal grand jury in Nevada today returned an indictment against a former construction company owner for evading federal income and employment taxes, announced Acting Assistant Attorney General Mythili Raman of the Justice Department’s Criminal Division, Internal Revenue Service-Criminal Investigation (IRS-CI) Chief Richard Weber, FBI Acting Special Agent in Charge William C. Woerner of the Las Vegas Field Office, and Sheriff Doug Gillespie of the Las Vegas Metropolitan Police Department.
Leon Benzer, 46, of Las Vegas, was charged in U.S. District Court in the District of Nevada with two … (2 comments)

real estate fraud: Man Admits to Participating in Two Mortgage Fraud Schemes - 05/16/13 10:55 AM
Meriden Man Admits to Participating in Two Mortgage Fraud Schemes   NEW HAVEN, CT—A Meriden, Connecticut man today admitted his role in an extensive mortgage fraud scheme related to the purchases of numerous homes in New Haven, U.S. Attorney Paul J. Fishman, District of New Jersey, announced.
Kwame Nkrumah, a/k/a Roger Woodson, 57, pleaded guilty before U.S. District Judge Janet C. Hall in New Haven federal court to an indictment charging him with conspiracy to commit mail, bank, and wire fraud in two separate mortgage fraud schemes from September 2006 to November 2008. Nkrumah, his conspirators, and others received millions of … (4 comments)

real estate fraud: Attorney Guilty of Making False Statements in Real Estate Scheme - 05/16/13 10:49 AM
Upstate Attorney Pleads Guilty to Making False Statements in Real Estate Scheme   COLUMBIA, SC—United States Attorney Bill Nettles stated today that Scott C. Allmon, age 38, of Easley, South Carolina, pled guilty today 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. United States District Judge Timothy M. Cain accepted the plea and will impose sentence after he has reviewed the presentence report, which will be prepared by the U.S. Probation Office.
Evidence presented at the change of plea hearing established that … (2 comments)

real estate fraud: Woman Indicted in $2 Million Mortgage Fraud Scheme - LO for PMS NJ - 05/16/13 10:43 AM
Bergen County Woman Indicted in $2 Million Mortgage Fraud Scheme   NEWARK, NJ—A Bergen County, New Jersey woman was indicted today for her role in a long-running, large-scale mortgage fraud scheme that caused millions of dollars in losses, U.S. Attorney Paul J. Fishman announced.
Klary Arcentales, 44, of Lyndhurst, New Jersey, was charged in a five-count indictment with one count of conspiracy to commit bank fraud and four counts of bank fraud, all of which caused losses of at least $2 million.
According to the indictment and other documents filed in this case:
As early as 2006, Arcentales engaged in a … (4 comments)

real estate fraud: Two Tennessee Men Violate Civil Rights of African-American Residents - 05/15/13 07:15 AM
Two Tennessee Men Plead Guilty to Conspiring to Violate Civil Rights of African-American Residents   WASHINGTON—Two Spring Hill, Tennessee men pleaded guilty in federal court today for their involvement in a racially motivated conspiracy to interfere with the housing rights of African-American residents of the Spring Lake subdivision of Spring Hill, the Justice Department announced. Dakota James Calderhead, 20, and Kristian Chancellor Mathis, 19, each pleaded guilty in U.S. District Court in Nashville, Tennessee, to one count of conspiracy to deprive a person of his civil rights.
According to their plea agreements, on or about December 30, 2011, Calderhead and Mathis … (0 comments)

real estate fraud: Connecticut Man Admits to Participating in Two Mortgage Fraud Schemes - 05/15/13 06:50 AM
Meriden Man Admits to Participating in Two Mortgage Fraud Schemes   NEW HAVEN, CT—A Meriden, Connecticut man today admitted his role in an extensive mortgage fraud scheme related to the purchases of numerous homes in New Haven, U.S. Attorney Paul J. Fishman, District of New Jersey, announced.
Kwame Nkrumah, a/k/a Roger Woodson, 57, pleaded guilty before U.S. District Judge Janet C. Hall in New Haven federal court to an indictment charging him with conspiracy to commit mail, bank, and wire fraud in two separate mortgage fraud schemes from September 2006 to November 2008. Nkrumah, his conspirators, and others received millions of … (2 comments)

 
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David Saks

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The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

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