Jury Convicts Husband and Wife of Defrauding Lenders George Cavallo, his wife, Paula Hornberger, and Joel Streinz, a former police officer, were found guilty by a federal jury of conspiracy to commit wire fraud and of making false statements on loan applications submitted to FDIC-insured financia
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05/09/2012
Man Sentenced for Bankruptcy and Identity Fraud in Connection with Foreclosure Rescue Scheme Frederic Alan Gladle, 53, Austin, Texas, was sentenced in the Western District of Texas to 61 months in prison and was ordered to forfeit $84,010 for his role in operating a foreclosure rescue scam in Sou
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05/09/2012
Father and Son Sentenced for Stealing from GNMA Stilianos (Stan) Mavroulis, 68, was sentenced by U.S. District Judge Marvin J. Garbis to 40 months in prison, and his son, Kyriakos (Kirk) Mavroulis, 31, both of Baltimore, Maryland, to a year and two days in prison, each followed by three years of
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05/09/2012
7 Indicted, Including Police Officer, for Straw Buyer Scheme Seven defendants, including a man who co-owned a Chicago, Illinois, condominium building, a police officer and two loan officers, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 35 mortgage loa
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05/09/2012
Guilty Plea Entered in Distressed Home Rehab Scam Francis X. Sanchez, 51, Woodstock, Illinois, pleaded guilty in federal court to conducting a $7 million mail fraud scheme for representing to potential investors that his business bought distressed houses, rehabilitated those houses, and sold the
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05/09/2012
Homebuilder Admits Real Estate Investment Scam Brian McCloskey, 44, Baltimore, Maryland, pleaded guilty to conspiring to commit wire fraud arising from an investment fraud scheme. According to his plea agreement, McCloskey was a home builder and the registered agent and owner of several Maryland
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05/09/2012
Broker Gets 3 Years for Equity Stripping Scheme Mary Anne Dean, 60, Severna Park, Maryland, was sentenced by U.S. District Judge William D. Quarles, Jr. to 37 months in prison, followed by three years of supervised release, for conspiracy to commit wire fraud in connection with a mortgage fraud s
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05/09/2012
Mother and Daughter Sentenced for Acting as Straw Buyers Patricia Smith, 57, and Jamilah Smith, 31, Irvington, N.J., A mother and daughter from New Jersey each were sentenced to 24 months in prison for participating in a scheme involving New Jersey properties that caused mortgage lenders to relea
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05/09/2012
Attorney and Real Estate Developer Sentenced to Prison for Investment Fraud Conspiracy U.S. Attorney’s Office May 08, 2012 District of New Jersey (973) 645-2700 Financial, Fraud, Press Release TRENTON—Two New Jersey real estate developers were sentenced today for their roles in an investment
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05/09/2012
Bend CPA Sentenced to 48 Months in Prison for Defrauding Clients of Summit Accomodators U.S. Attorney’s Office May 08, 2012 District of Oregon (503) 727-1000 Financial, Fraud, Press Release, White-Collar Crime PORTLAND, OR—U.S. Attorney Amanda Marshall announced today that Brian D. Stevens, 56
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05/08/2012
