real estate fraud: Two Cal Residents Get Prison for Computer Theft from Online Broker - 08/28/14 01:32 PM
Two California Residents Sentenced to Prison for Computer Theft from Charlotte-Based Online Mortgage Broker
CHARLOTTE, NC—U.S. District Judge Robert J. Conrad, Jr. sentenced two California residents to prison on Tuesday, August 26, 2014, for their role involving computer theft from a nation-wide online mortgage broker (the “company”), announced Anne M. Tompkins, U.S. Attorney for the Western District of North Carolina.
Brian Matthew Rich, 40, of Laguna Beach, Calif.,
was sentenced to 24 months in prison, followed by two years of supervised release.
Marcus Alan Avritt, 42, of Seal Beach, Calif.
was sentenced to 15 months in prison and two … (6 comments)

real estate fraud: Chicago Man Allegedly Exploited U.S. Visa Program to Defraud Investors - 08/28/14 08:01 AM
Chicago Man Allegedly Exploited U.S. Visa Program to Defraud Chinese Investors of $160 Million in Purported O’Hare Complex
CHICAGO—A Chicago man who purported to be building a $912 million hotel and convention center complex near O’Hare International Airport was indicted today on federal charges for allegedly exploiting a U.S. visa program to fraudulently raise approximately $160 million from some 290 Chinese nationals who invested in the project while seeking U.S. residency.
The defendant,
ANSHOO SETHI, 30, of Chicago,
was charged with eight counts of wire fraud and two counts of making false statements in a 10-count indictment returned today … (2 comments)

real estate fraud: Real Estate Fraud Report for August 27, 2014 - 08/27/14 08:17 AM
 
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(1 comments)

real estate fraud: Mortgage Fraud Blog for August 27, 2014 - 08/27/14 08:13 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 … (4 comments)

real estate fraud: Former Leader of Hindu Temple of Georgia Convicted on Fraud Charges - 08/25/14 04:27 PM
Former Leader of Hindu Temple of Georgia Convicted on Fraud and Obstruction Charges
ATLANTA—
Annamalai Annamalai,
a/k/a Dr. Commander Selvam,
a/k/a Swamiji Sri Selvam Siddhar,
the former leader of the now defunct Hindu Temple of Georgia, was convicted of 34 felony counts following a two-week jury trial.
“This defendant traded on his perceived religious authority and spiritual powers to cheat the faithful who believed in him,” said United States Attorney Sally Quillian Yates. “The jury saw through his deception, and he is being held accountable for his fraud.”
“Annamalai Annamalai clearly took advantage of his religious standing in … (6 comments)

real estate fraud: Buffalo Man Guilty of Drug Charges Involving Housing Projects - 08/25/14 12:15 PM
Buffalo Man Pleads Guilty to Drug Charges Involving Perry Housing Projects
BUFFALO, NY—U.S. Attorney William J. Hochul, Jr. announced today that
Darnell Brown, 30, of Buffalo, N.Y.,
pleaded guilty to conspiracy to possess with intent to distribute 280 grams or more of cocaine base within the Perry Housing Projects before Chief U.S. District Judge William M. Skretny. The charge carries a mandatory minimum penalty of 10 years in prison, a maximum of life and a $10,000,000 fine.
Assistant U.S. Attorney Timothy C. Lynch, who is handling the Perry Projects case, stated that the investigation focused on the drug trafficking … (4 comments)

real estate fraud: Los Angeles Women Gets 3 Years in Prison for $2 Million Mortgage Fraud - 08/25/14 12:05 PM
Los Angeles Women Sentenced to Prison in $2 Million Mortgage Fraud Scheme
LOS ANGELES—A Los Angeles woman was sentenced today to three years in federal prison for orchestrating a scheme that led to the fraudulent purchase of four properties worth more than $2 million.
Soo Kyung Hong, who also used the name “Maria Hong,” 48,
a resident of the Miracle Mile section of Los Angeles, was sentenced today by United States District Judge John F. Walter. In addition to the 36-month prison term, Judge Walter ordered Hong to pay approximately $2 million in restitution, which includes losses from four … (6 comments)

real estate fraud: Bergen County Man & Disbarred NY Attorney Indicted in RE Fraud Scheme - 08/22/14 08:59 AM
Bergen County Man and Disbarred New York Attorney Indicted in Real Estate Investment Fraud Scheme
NEWARK, NJ—Two men were indicted by a federal grand jury today for allegedly using a real estate investment scheme to defraud 15 victims of more than $3 million, U.S. Attorney Paul J. Fishman announced.
Paul Mancuso, 46, of Glen Rock, New Jersey,
is charged by indictment with one count of conspiracy to commit wire fraud and five counts of wire fraud.
Pasquale Stiso, 52, of West Harrison, New York,
is charged by indictment with one count of conspiracy to commit wire fraud and one … (0 comments)

real estate fraud: Five Charged with Wilkes-Barre Employees Federal Credit Union Fraud - 08/22/14 08:52 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 12:05 PM
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)

real estate fraud: BANK OF AMERICA SETTLEMENT WILL PROVIDE BILLIONS IN CONSUMER RELIEF - 08/21/14 08:52 AM
HUD NEWS
 
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 07:38 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 07:31 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 10:05 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 09:18 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 09:03 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 08:55 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 09:27 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 09:44 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 09:37 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)

 

Most real estate fraud-related articles and Department of Justice Press Releases published here are taken from the public record, which normally include press releases and court documents related to each entry and case. Any other type of record, i.e. newspaper reports, are only published after consent has been obtained from the original publisher.
Nothing will be published that has not been verified via the public record or consent provided.
Please contact David Saks with any questions.



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