real estate fraud: Architect Pleads Guilty in Conjunction with Bribery Scheme - 04/24/14 07:04 AM
 Architect Pleads Guilty in Conjunction with Progreso Bribery Scheme
HOUSTON—Jesus Bustos, 58, has pleaded guilty to conspiracy, announced United States Attorney Kenneth Magidson.
Bustos was charged in a second superseding federal indictment alleging his participation in a bribe paying scheme in Progreso. Today in Houston federal court, Bustos admitted that from 2004 through 2013, he paid bribes and kickbacks to obtain architectural contracts for his architectural firm IDEA Group LLC on public projects in Progreso and Weslaco.
Bustos admitted he conspired with and primarily paid these bribes through an IDEA Group employee to obtain contracts on construction projects with the … (0 comments)
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real estate fraud: Former Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges - 04/24/14 07:01 AM
Former Grosse Pointe Attorney Pleads Guilty to Bank Fraud, Money Laundering Charges
A Grosse Pointe attorney pleaded guilty today to embezzling more than $2.7 million and laundering funds to conceal his conduct, U.S. Attorney Barbara L. McQuade announced today.
McQuade was joined in the announcement by Paul M. Abbate, Special Agent in Charge of the Detroit FBI.
Kenneth Flaska, 62, pleaded guilty before U.S. District Judge Paul D. Borman.
The information presented at the plea hearing showed that between 2004 and July 2013, Flaska fraudulently obtained more than $2.5 million belonging to clients of his law firm. Flaska used a … (1 comments)
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real estate fraud: Crooked Home Builder Guilty of Defrauding Investors of Over $22 Mil - 04/23/14 07:32 AM
Fraudster Home Builder Pleads Guilty to Defrauding Investors of More Than $22 Million and to Evading More Than $1.4 Million in Tax Payments
BALTIMORE, MD—Patrick J. Belzner, a/k/a “Patrick McCloskey,” age 45, of Glen Arm, Maryland, pleaded guilty late yesterday to a wire fraud conspiracy, wire fraud, and tax evasion.
The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge Stephen E. Vogt of the Federal Bureau of Investigation; and Special Agent in Charge Thomas J. Kelly of the Internal Revenue Service-Criminal Investigation, Washington, D.C. Field Office.
“For over … (2 comments)
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real estate fraud: Former Loan Officer Admits Role in Mortgage Fraud Scheme - 04/23/14 07:27 AM
Former Loan Officer Admits Role in Mortgage Fraud Scheme
NEWARK NJ—A Middlesex County, New Jersey man today admitted his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses, U.S. Attorney Paul J. Fishman announced.
Delio Coutinho, 71, of Colonia, New Jersey, pleaded guilty before U.S. District Judge Susan D. Wigenton in Newark federal court to an information charging him with conspiracy to commit wire fraud.
According to documents filed in this case and statements made in court:
From March 2008 through June 2012, Coutinho and his co-defendants conspired with each other and others to release … (0 comments)
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real estate fraud: Former GMAC & Countrywide LO & NY Corrections Officer Convicted - 04/22/14 08:02 AM
Jury Convicts Former GMAC and Countrywide Loan Officer and Former New York Corrections Officer on Mortgage Fraud Charges
NEW HAVEN, CT—A federal jury has convicted two men for their roles in an extensive mortgage fraud scheme arising from the fraudulent purchases of more than 40 properties in New Haven, U.S. Attorney Paul J. Fishman, District of New Jersey, announced today.
Andrew Constantinou, of Unionville, Connecticut, and Jacques Kelly, of Poughkeepsie, New York, were convicted on April 18, 2014, of all counts charged in the indictment following a three-week trial before Chief U.S. District Judge Janet C. Hall. The jury found … (2 comments)
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real estate fraud: Ohio Woman Guilty of Stealing $150,000 in Federal HUD Funds - 04/22/14 07:55 AM
Ohio Woman Pleads Guilty to Stealing $150,000 in Federal HUD Funds
HUNTINGTON, WV—Connie Lynn Whitley, 51, of South Point, Ohio, pled guilty today to embezzling $150,000 from an apartment complex that received federal funds, announced U.S. Attorney Booth Goodwin. Whitley was the manager of the Uptowner Inn’s public housing apartments in Huntington, West Virginia. The apartments were subsidized by the United States Department for Housing and Urban Development (HUD). HUD provided federal funds to pay a portion of the market rent at the apartments for qualifying tenants. Beginning in the summer of 2009 and continuing until September 2013, Whitley wrote … (8 comments)
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real estate fraud: Hard Money Lender Pleads Guilty in Mortgage Fraud Scheme - 04/22/14 07:51 AM
Former Pierce County Hard Money Lender Pleads Guilty in Mortgage Fraud Scheme
Submitted False Documents Defrauding Bank and Federal Insurers A former hard money lender who resides in University Place, Washington, pleaded guilty Friday to conspiracy to submit false statements in loan applications and make false statements to the Department of Housing and Urban Development and to submitting false statements in loan applications, announced U.S. Attorney Jenny A. Durkan. Emiel A. Kandi, 37, was indicted last June for a mortgage scheme that caused a loss of more than $800,000 to the U.S. Department of Housing and Urban Development. Prosecutors agree to … (2 comments)
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real estate fraud: Real Estate Fraud for April 14-21 - 04/21/14 08:23 AM
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real estate fraud: Riverdale Marina Real Estate Developer Arrested on Federal Charges - 04/21/14 08:20 AM
Riverdale Marina Redeveloper Arrested on Federal Charges for Allegedly Defrauding the Village of $370,000 in Public Funds
CHICAGO—A Chicago real estate developer was arrested today on federal charges alleging that he defrauded the south suburban Village of Riverdale of public funds provided for the redevelopment of the now closed-Riverdale Marina. The defendant, John Thomas, allegedly fraudulently obtained approximately $370,000 for himself from $900,000 in Tax Increment Financing (TIF) payments in 2012 and used the public funds to repay personal loans and debts, legal fees, rent, and other personal expenses.
Thomas, 51, of Chicago, was charged with three counts of wire … (0 comments)
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real estate fraud: Chicago Real Estate Developer Arrested - 04/18/14 10:48 AM
Riverdale Marina Redeveloper Arrested on Federal Charges for Allegedly Defrauding the Village of $370,000 in Public Funds
CHICAGO—A Chicago real estate developer was arrested today on federal charges alleging that he defrauded the south suburban Village of Riverdale of public funds provided for the redevelopment of the now closed-Riverdale Marina. The defendant, John Thomas, allegedly fraudulently obtained approximately $370,000 for himself from $900,000 in Tax Increment Financing (TIF) payments in 2012 and used the public funds to repay personal loans and debts, legal fees, rent, and other personal expenses.
Thomas, 51, of Chicago, was charged with three counts of wire … (2 comments)
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real estate fraud: Real Estate Investor Pleads Guilty to Bid Rigging and Fraud - 04/18/14 07:56 AM
Georgia Real Estate Investor Pleads Guilty to Charges Related to Bid Rigging and Fraud at Public Foreclose Auctions
Fourth Case Filed in George Real Estate Foreclosure Auctions Investigation WASHINGTON—A Georgia real estate investor pleaded guilty today to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia, the Department of Justice announced.
Felony charges were filed on March 25, 2014, in the U.S. District Court for the Northern District of Georgia in Atlanta, against Mohamed Hanif Omar. According to court documents, from at least as early as September 1, 2009 until at … (0 comments)
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real estate fraud: Yet Another Reason to Avoid Facebook Like Bubonic Plague - 04/18/14 07:53 AM
Convicted Ponzi Schemer Indicted on New Fraud and Other Charges
NEWARK—An Ocean County, New Jersey man who was sentenced less than two months ago to 22 years in prison for running a Ponzi-style real estate scheme was indicted by a federal grand jury today on new charges of conspiracy, wire fraud, and transacting criminal proceeds while on pretrial release, U.S. Attorney Paul J. Fishman announced.
Eliyahu Weinstein, 38, of Lakewood, New Jersey, was indicted on one count of conspiracy to commit wire fraud, five counts of wire fraud committed while on pretrial release, and seven counts of transacting in criminal … (4 comments)
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real estate fraud: WOMAN SENTENCED TO MORE THAN 23 YEARS IN PRISON FOR REAL ESTATE FRAUD - 04/18/14 07:39 AM
Augusta Businesswoman Sentenced to More Than 23 Years in Prison in Investor Fraud Scheme
AUGUSTA, GA—
Regina M. Preetorius, 47,
of Augusta, Georgia was sentenced yesterday to 280 months in prison
by U.S. District Court Judge J. Randal Hall for her role in a multi-million-dollar investor fraud scheme. After a lengthy jury trial in September 2013, Preetorius was convicted on eight counts of mail fraud, two counts of wire fraud, and three counts of money laundering.
Evidence presented at trial and during sentencing showed that between 2004 and 2009, Preetorius defrauded dozens of investors of homes and over … (0 comments)
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real estate fraud: Mortgage Fraud Blog for April 17 - 04/17/14 08:59 AM
Mortgage Fraud Blog sends update emails once per week. You can change this setting to receive updates more or less often by following the link at the bottom of this email. 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 Legal Disclaimer. The information and notices contained on Mortgage Fraud Blog are intended to summarize recent developments in mortgage fraud cases and mortgage banking matters nationwide. The posts on this site are presented as general research and information and are expressly not intended, and … (0 comments)
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real estate fraud: Former City Clerk Sentenced for Embezzlement - 04/17/14 08:57 AM
Former City Clerk in Havana Sentenced for Embezzlement
WICHITA, KS—A former city clerk for the city of Havana, Kansas, was sentenced Wednesday to two years’ supervised release, U.S. Attorney Barry Grissom said. She also was ordered to pay a total of more than $59,000 in restitution to the city of Havana, Cross Point Baptist Church, and an insurance company.
Diana L. Cox, 67, Havana, Kansas, pleaded guilty to one count of bank fraud and one count of wire fraud. In her plea, she admitted embezzling $14,658 from the city of Havana while she was working as city clerk. On August … (0 comments)
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real estate fraud: Final Defendant Sentenced in Foreclosure Rescue/Marijuana Grow Scheme - 04/17/14 08:50 AM
Final Defendant Sentenced in Foreclosure Rescue/Drug Distribution Scheme
SHERMAN, TX—A 43-year-old McKinney, Texas man has been sentenced to federal prison in connection with a combination foreclosure rescue and drug distribution scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales.
Julius Williams pleaded guilty on August 21, 2013, to conspiracy to commit mail and wire fraud and was sentenced to 46 months in federal prison today by U.S. District Judge Marcia Crone. Williams was also ordered to pay $1,432,208.00 million in restitution.
According to information presented in court, from February 2007 to June 2012, Jarrod Williams, Julius … (0 comments)
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real estate fraud: Former Construction Company Officer Nets Five Years in Prison - 04/17/14 08:46 AM
Former Construction Company Officer Sentenced to Five Years in Prison for Fraud Conspiracy
JACKSON, MS—H. Claiborne Frazier, of Jackson, was sentenced to serve 60 months in federal prison and pay a $10,000 fine for his role in a conspiracy with his brother, Austin W. Frazier, and his father, C.E. Frazier, Jr., to commit bank fraud, mail fraud, and wire fraud, announced U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen. Frazier pled guilty to the charges on September 16, 2013. Austin and C.E. Frazier, Jr. were each sentenced on March 10, 2014. Austin W. Frazier was … (0 comments)
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real estate fraud: Jury Convicts DBSI Principals of Fraud - 04/16/14 08:18 PM
Jury Convicts DBSI Principals of Fraud
U.S. Attorney Commends Work and Career of FBI Special Agent Rebekah Morse BOISE—A federal jury in Boise today returned guilty verdicts against four DBSI principals—Douglas L. Swenson, Mark Ellison, David D. Swenson, and Jeremy S. Swenson—on multiple fraud charges, announced U.S. Attorney Wendy J. Olson. The jury convicted Douglas Swenson, 65, of Eagle, Idaho, on 34 counts of wire fraud and 44 counts of securities fraud. The jury convicted Ellison, 65, of Boise, David Swenson, 36, of Boise, and Jeremy Swenson, 41, of Meridian, on 44 counts of securities fraud. The jury returned not guilty … (0 comments)
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real estate fraud: Woman Nets 27 Months in Prison for Real Estate Investment Scheme - 04/16/14 08:14 PM
Florida Woman Sentenced to 27 Months in Prison for Role in Real Estate Investment Scheme
Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that Loretta Seneca, 51, of Boynton Beach, Florida, was sentenced today by U.S. District Judge Robert N. Chatigny in Hartford to 27 months of imprisonment, followed by three years of supervised release, for her role in a real estate investment scheme. Seneca was also ordered to serve the first six months of supervised release in home confinement and to perform 120 hours of community service.
According to court documents and statements made in … (0 comments)
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real estate fraud: Businessman Indicted for Bankruptcy Fraud - 04/11/14 04:08 PM
Jackson Businessman Indicted for Bankruptcy Fraud
JACKSON—William D. “Butch” Dickson, 58, of Jackson, was indicted by a federal grand jury on April 8, 2014, on six counts of bankruptcy fraud, six counts of bank fraud, and five counts of wire fraud, announced U.S. Attorney Gregory K. Davis and FBI Special Agent in Charge Daniel McMullen.
According to the indictment, Dickson’s company, Community Home Financial Services (CHFS), is in Chapter 11 Bankruptcy in the Southern District of Mississippi Bankruptcy Court. Dickson is alleged to have illegally transferred $9,095,000 out of various bankruptcy escrow accounts to an account he controlled at Banco … (0 comments)
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