real estate fraud: Five Charged with Wilkes-Barre Employees Federal Credit Union Fraud
- 08/22/14 01:52 AM
Five Charged with Fraud in Wilkes-Barre City Employees Federal Credit Union Investigation The United States Attorney’s Office for the Middle District of Pennsylvania announced that a Grand Jury in Scranton returned indictments Tuesday charging five members of the Wilkes-Barre City Employees Federal Credit Union with conspiracy and bank fraud. The indictments were sealed pending the arrests and/or voluntary surrender of the defendants today. According to United States Attorney Peter Smith, Tino Ninotti, age 35, Jason Anthony, age 34, Leo Glodzik, age 43, Amanda Magda, age 30, and Jeffrey Serafin, age 35, were charged in three separate indictments related to activities … (7 comments)
real estate fraud: Former Hillsborough County Resident Guilty of Fraud Conspiracy
- 08/21/14 05:05 AM
Former Hillsborough County Resident Pleads Guilty to Conspiracy to Commit Bank, Wire, and Mail Fraud TAMPA, FL—United States Attorney A. Lee Bentley, III announces that Brandon Bolger (40, Chicago, IL) today pleaded guilty to conspiracy to commit wire, mail and bank fraud. Bolger faces a maximum penalty of 30 years in federal prison. According to the plea agreement, in 2005, entities controlled by co-conspirators entered into a contract to purchase The Arbors, an apartment complex in Hillsborough County, Florida. The new owners of The Arbors then engaged in a plan to convert the complex from rental apartment units to … (2 comments)
U.S. Department of Housing and Urban Development – Julián Castro, Secretary
Office of Public Affairs, Washington, DC 20410
HUD No. 14-101 FOR RELEASE Thursday August 21, 2014
http://www.hud.gov/news/index.cfm
OBAMA ADMINISTRATION SETTLEMENT WITH BANK OF AMERICA WILL STRENGTHEN FHA FUND, PROVIDE BILLIONS IN CONSUMER RELIEF
WASHINGTON – The Obama Administration today announced an almost $17 billion global settlement with Bank of America. $1 billion of the total settlement amount resolves claims arising from allegations of fraud involving certain Federal Housing Administration (FHA)-insured single-family … (4 comments)
real estate fraud: Man Indicted for Defrauding Cleveland Credit Union of $2.3 Million
- 08/21/14 12:38 AM
Concord Township Man Indicted for Defrauding Cleveland Credit Union of $2.3 Million A seven-count federal indictment was returned charging a Concord Township man defrauding Taupa Lithuanian Credit Union out of $2.3 million, law enforcement officials said. John Struna, 51, was indicted on one count of conspiracy to commit bank fraud, one count of bank fraud, one count of making false statements and four counts of money laundering. The indictment was announced by Steven M. Dettelbach, United States Attorney for the Northern District of Ohio, Stephen D. Anthony, Special Agent in Charge of the Federal Bureau of Investigation’s Cleveland office, and … (3 comments)
real estate fraud: Two Men Indicted for Defrauding 60 People of $6.5 Mil In RE Investment
- 08/21/14 12:31 AM
Two Men Indicted for Defrauding 60 People of $6.5 Million Through Real Estate Investment Two men were indicted on charges they defrauded approximately 60 people out of more than $6.5 million through a fraudulent Arizona real-estate development investment, law enforcement officials said. Stanley M. Paulic, 41, of Aurora, Ohio, and Steven R. Long, 45 of Mather, California, each face one count of conspiracy to commit mail fraud and wire fraud and one count of wire fraud. “These individuals ripped off dozens of people, stealing life savings and creating real financial hardships,” said Steven M. Dettelbach, U.S. Attorney for the Northern … (0 comments)
real estate fraud: Lansing Man Pleads Guilty in Federal Mortgage Fraud Probe
- 08/20/14 03:05 AM
Lansing Man Pleads Guilty in Federal Mortgage Fraud Probe Richard Hollern Admits Participating in a Conspiracy to Commit Bank Fraud GRAND RAPIDS, MI—U.S. Attorney Patrick Miles announced today that Richard Hollern, 39, of Grand Ledge, Michigan pled guilty to a conspiracy to commit bank fraud in connection with his ownership in CDC Investments. The guilty plea occurred before U.S. District Judge Robert Holmes Bell today. Hollern faces up to five years in prison. Sentencing in the case is scheduled for December 1, 2014. Hollern admitted that he conspired with others at CDC, a Lansing real estate and investment company, to … (0 comments)
real estate fraud: Man Sentenced for Clean Air Act Violation Related to Building Project
- 08/20/14 02:18 AM
Buffalo Man Sentenced for Clean Air Act Violation Related to the Kensington Towers Project BUFFALO, NY—U.S. Attorney William J. Hochul announced today that Rai Johnson, 35, of Buffalo, N.Y., who was convicted of violating the Clean Air Act Asbestos Work Practice Standards, was sentenced to time served, 160 days, and two years of supervised release by District Court Judge Richard J. Arcara. Assistant U.S. Attorney Aaron J. Mango, who is handling the case, stated that the defendant was a supervisor at Johnson Contracting of WNY, Inc., an asbestos abatement company that was hired to conduct asbestos abatement activities … (0 comments)
real estate fraud: Former Hotel Broker Gets 11 Years in Prison for $55 Mil Fraud Schemes
- 08/20/14 02:03 AM
Former Hotel Broker Sentenced to 11 Years in Prison in $55 Million Fraud Schemes Defendant Illegally Flipped Hotels Using Straw Buyers, Conducted Ponzi Scheme with Escrow Accounts, and Extorted Pittsburgh Hotel Owner ALEXANDRIA, VA—The president of an international hotel brokerage firm was sentenced today to 11 years in prison for conducting a wide-ranging set of multi-million dollar fraud schemes involving the sale of several hotel properties. Dana J. Boente, U.S. Attorney for the Eastern District of Virginia; and Timothy A. Gallagher, Acting Assistant Director in Charge of the FBI’s Washington Field Office, made the announcement after the defendant was sentenced by … (4 comments)
real estate fraud: Woman Sentenced to 78 Months in Prison on Real Estate Fraud Charges
- 08/20/14 01:55 AM
St. Charles Woman Sentenced on Fraud Charges ST. LOUIS, MO—Daniela Spiridon was sentenced to 78 months in prison involving a real estate scheme related to the purchase or sale of properties.In addition to the prison sentence, she was also ordered to pay $2,499,988 restitution and a fine of $5,000. According to court documents, Spiridon was affiliated with several businesses from an office in Chesterfield, Missouri, which included A & AD Investments, LLC; CDRS ESC Investments; Sentrix Loan Production Office, and others. As part of the scheme Spiridon fraudulently offered to assist buyers in the purchases of properties that were acquired … (0 comments)
real estate fraud: Mortgage Fraud Blog for August 20, 2014
- 08/19/14 02:27 PM
Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (2 comments)
real estate fraud: Ex LIBOR Submitter Pleads Guilty in Scheme to Manipulate Yen LIBOR
- 08/19/14 02:44 AM
Former Rabobank LIBOR Submitter Pleads Guilty in Scheme to Manipulate Yen LIBOR Defendant is Second Former RabobankEmployee to Plead Guilty in LIBOR Rigging Scandal WASHINGTON—A former Coöperatieve Centrale Raiffeisen-Boerenleenbank B.A. (Rabobank) Japanese Yen London InterBank Offered Rate (LIBOR) submitter pleaded guilty today for his role in a conspiracy to commit wire and bank fraud by manipulating Rabobank’s Yen LIBOR submissions to benefit trading positions. Assistant Attorney General Leslie R. Caldwell of the Justice Department’s Criminal Division, Deputy Assistant Attorney General Brent Snyder of the Justice Department’s Antitrust Division and Acting Assistant Director in Charge Timothy A. Gallagher of the FBI’s Washington … (4 comments)
real estate fraud: Defendants Sentenced in Mortgage Fraud Scheme
- 08/19/14 02:37 AM
Defendants Sentenced in Mortgage Fraud Scheme Scheme Involved Family Members and a Home in Highland Park DALLAS—Four Dallas-area individuals, along with a defendant from Georgia, who were convicted for their roles in a mortgage fraud scheme that caused more than $3 million in losses to lenders, have been sentenced, announced U.S. Attorney Sarah R. Saldaña of the Northern District of Texas. On Friday, August 15, Jarrod Jamiel Williams, 35, most recently of McKinney, Texas, was sentenced by U.S. District Judge Barbara M. G. Lynn to 87 months in federal prison and ordered to pay approximately $3.6 million in restitution. He … (0 comments)
real estate fraud: Mortgage Fraud Blog for August 13, 2014
- 08/13/14 01:48 AM
Mortgage Fraud Blog sends me an update email once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (0 comments)
real estate fraud: Defendant in Mortgage Fraud Scheme Pleads Guilty
- 08/13/14 01:46 AM
Defendant in Mortgage Fraud Scheme Pleads Guilty Wasseem Shamoun pleaded guilty to conspiracy to commit bank fraud in the U.S. District Court for the Eastern District of Michigan today, announced the Justice Department and Internal Revenue Service (IRS). On July 16, 2013, a superseding indictment was unsealed charging Shamoun and six other individuals with conspiracy to commit bank fraud, multiple counts of bank fraud and other fraud charges relating to a mortgage loan scheme. Court documents allege that from approximately January 2006 to December 2008, Shamoun and his co-defendants conspired to defraud lending institutions by obtaining mortgage loans using fraudulent … (2 comments)
real estate fraud: Paralegal Sentenced for Defrauding Mortgage Lenders - Over $1.8Million
- 08/06/14 09:13 AM
Branford Paralegal Sentenced to Federal Prison for Defrauding Mortgage Lenders Out of More Than $1.8 Million Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that JACQUELINE POLVERARI, 47, of Branford, was sentenced today by U.S. District Judge Janet Bond Arterton in New Haven to 12 months and one day of imprisonment, followed by three years of supervised release, for arranging a series of fraudulent mortgage loan refinancing transactions. According to court documents and statements made in court, POLVERARI, a paralegal, owned and operated various companies that specialized in preparing real estate closing documents and conducting … (15 comments)
real estate fraud: Mortgage Fraud Blog for August 6, 2014
- 08/05/14 03:38 PM
Mortgage Fraud Blog sends me an update once per week. The Mortgage Fraud Blog website is updated every business day and you can always get the latest news by visiting www.mortgagefraudblog.com. Copyright 2004-2014 Rachel M. Dollar … (0 comments)
real estate fraud: Modesto Man Arrested for Defrauding Real Estate Investors
- 08/05/14 10:06 AM
Modesto Man Arrested for Defrauding Real Estate Investors FRESNO, CA— Xue Heu, 37, of Modesto, was arrested this morning following an indictment by a federal grand jury charging him with wire fraud in connection with a fraudulent real estate investment scheme, United States Attorney Benjamin B. Wagner announced. Heu is scheduled to be arraigned on the indictment before U.S. Magistrate Judge Gary S. Austin today at 1:30 p.m. According to the indictment, between August 2007 and October 2013, Heu solicited individuals to invest in real estate businesses that purchased and sold real estate. Heu claimed to be an officer … (2 comments)
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Five Charged with Fraud in Wilkes-Barre City Employees Federal Credit Union Investigation 
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