Developer Guilty of Fraud in the Development of the East St. Louis Bowman Estates Project U.S. Attorney’s Office October 27, 2011 Southern District of Illinois (618) 628-3700 A Clayton developer pled guilty in U.S. District Court on October 27, 2011, for his role in the failed Bowman Estates c
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10/27/2011
Time for a morning break from beeeznus with a great tune.
10/26/2011
Man Sentenced for Real Estate Investment Scam Collins “Collie” Max Christensen, 53, Sacramento, California, was sentenced to five years in prison, to be followed by three years of supervised release, for wire fraud related to his misappropriation of investor funds that were intended for real esta
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10/26/2011
Two Admit Participating in Mortgage Fraud Scheme Maurizio Lancia, 48, Trumbull, Connecticut, pleaded guilty to one count of wire fraud, and Stacey Petro, also known as Stacey Moises, 37, Branford, Connecticut, pleaded guilty to one count of conspiracy to commit mail fraud and wire fraud for their
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10/26/2011
Loan Officer Sentenced for Defrauding Lenders Jaco Huguet, 29, Arizona, a former loan officer who worked in the metropolitan-Phoenix area, was sentenced by U.S. District Court Judge Frank Zapata to 24 months in federal prison. As part of his sentence, Huguet was also ordered to pay over $500,000
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10/26/2011
2 Californians Indicted for Missouri Mortgage Fraud Scheme Robert Charles Ramirez, 37, Salinas, California, and William Troy Goings, 36, Sacramento, California, were charged in a 20-count indictment returned by a federal grand jury in Kansas City, Missouri, for their alleged
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10/26/2011
Mortgage Restructure Scam Halted James G. “Jay” Temme and Stewardship Fund LP allegedly raised at least $35 million since 2008 from various investor groups falsely telling investors he was using their money to buy and restructure pools of non-performing home mortgages in the wake of the housing m
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10/26/2011
Owner of Title Companies Admits Mortgage Fraud Scheme Stephen J. Troese, Sr., 72, Davidsonville, Maryland, pleaded guilty to wire fraud arising from a scheme to defraud lenders and a title insurance company of at least $937,183. The government contends the loss is between $2.5 million and $7 mill
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10/26/2011
Former Loan Officer Pleads Guilty to Straw Buyer Scam Juan Carlos Hernandez, 42, West Warwick, Rhode Island, a former loan officer with National City Mortgage Company, pleaded guilty in U.S. District Court in Providence, R.I., to his role in a "straw-borrowing" scheme that netted more than $3.5 m
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10/26/2011
Foreclosure Rescuer Admits Defrauding 1,800 Victims Luis Belevan, 34, Phoenix, Arizona, pleaded guilty in federal court to conspiring to commit wire fraud and mail fraud. Belevan and his co-conspirator, were charged with defrauding at least 1,800 local distressed homeowners out of a $1,595 up-fro
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10/26/2011
