Puerto Rico Man Sentenced To 21 Months In Prison For Mortgage Fraud

SAN JUAN, P.R. – Alejandro E. Mayendía-Blanco was sentenced by United States District Court Judge Francisco A. Besosa to serve 21 months of imprisonment for mortgage fraud, five years of supervised release, a fine of $50,000, and an order for restitution of $98,666, announced United States Attorney for the District of Puerto Rico, Rosa Emilia Rodríguez-Vélez. Mayendía-Blanco had plead guilty on August 12, 2016.

Alejandro E. Mayendía-Blanco was arrested on May 29, 2015, on charges of defrauding First Equity Mortgage Bankers, Inc. (FEBMI) in connection with a loan application. On October 3, 2008, the defendant participated in a real estate transaction as the seller of real property located in San Juan, PR.

New York Husband And Wife Defendants Convicted Of Mortgage Fraud And Medicaid Fraud

Joseph Atias and Sofia Atias were convicted of bank fraud, conspiracy to commit bank fraud and Medicaid fraud by a jury in federal court in Central Islip. The fraud was designed to, and did, defraud Bank of America of over half a million dollars.  The defendants face penalties of up to 35 years’ imprisonment, the forfeiture of $560,000, and restitution of over $700,000.  After the verdicts, Joseph Atias was remanded to custody pending sentencing by United States District Judge Denis R. Hurley.

“Through a web of lies and false documentation, these defendants stole more than half a million dollars from Bank of America and from Medicaid, which they used to line their own pockets,” stated Acting United States Attorney Rohde.

California Woman Sentenced to 3 Years in Prison for Role in Mortgage Fraud Scheme

SACRAMENTO, Calif. — Dianna Woods, 60, of Citrus Heights, was sentenced today by Senior U.S. District Judge William B. Shubb to three years in prison for four counts of making false statements on loan applications, U.S. Attorney Phillip A. Talbert announced.

According to evidence presented at her four-day trial in December 2016, Woods was a licensed real estate salesperson who worked at a company called VLD Realty, doing business as Trade House USA, in the Sacramento area. VLD built and sold houses in residential developments in Sacramento, Carmichael, and Copperopolis. As the housing market began to weaken from 2006 through 2008, VLD sought to sell the houses by offering money to buyers in the form of paying the down payment or giving the buyers money after the transaction, neither of which was disclosed to the lenders.

Massachusetts Layer and Loan Officer Charged in Sweeping Mortgage Fraud Conspiracy

BOSTON – A Methuen attorney and a Methuen loan officer pleaded guilty yesterday in connection with a sweeping conspiracy to defraud banks and mortgage companies by engaging in sham “short” sales of residential properties in Merrimack Valley. Separately, a Methuen real estate broker was arrested on Wednesday, March 22, 2017, on related charges, and a Dunstable attorney was sentenced after pleading guilty to participating in the same conspiracy.

Jasmin Polanco, 37, a real estate closing attorney, and Vanessa Ricci, 40, a mortgage loan officer, each pleaded guilty yesterday to one count of conspiracy to commit bank fraud. U.S. District Court Senior Judge Douglas P. Woodlock scheduled Ricci’s sentencing for June 22, 2017. Polanco’s sentencing hearing has not yet been scheduled.

Florida Title Agent and Co-Conspirator Plead Guilty in $10 Million Mortgage Fraud Scheme

MIAMI – A title agent and a co-conspirator pled guilty today to federal charges related to their participation in a $10 million mortgage fraud scheme.

Defendants Michelle Cabrera, 48, of Miami Lakes, and Pedro Melian, 39, of Hialeah, pled guilty to one count of conspiracy to commit wire fraud affecting a financial institution, in violation of Title 18, United States Code, Section 1349 (Case No. 16-60349-CR-DIMITROULEAS). At sentencing, each defendant faces up to thirty years? imprisonment.

Defendants Marco Laureti, 45, of Sunny Isles Beach, and Felix Mostelac, 44, of Miami Beach, were charged by Indictment with one count of conspiracy to commit wire fraud affecting a financial institution, in violation of Title 18, United States Code, Section 1349 and multiple counts of wire fraud affecting a financial institution, in violation of Title 18, United States Code, Section 1343 (Case No. 16-60340-CR-ZLOCH), for conduct allegedly related to the fraud scheme, and are awaiting trial

N.J. Lawyer Sentenced To 4 Years in $40.8 Million Mortgage Fraud Scheme

CAMDEN, N.J. – A former New Jersey lawyer was sentenced today to 48 months in prison for participating in a conspiracy that caused lenders to release $40.8 million based on fraudulent mortgage loan applications and laundered the proceeds of the fraud, U.S. Attorney Paul J. Fishman announced.

Joseph W. Witkowski, 70, of Flemington, New Jersey, previously pleaded guilty to an indictment charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering. U.S. District Judge Joseph H. Rodriguez imposed the sentence today in Camden federal court.

New York Man Sentenced To 15 Years For Defrauding Homeowners In Loan Modification Scheme

BROOKLYN, NY – Earlier today, David Gotterup was sentenced at the federal courthouse in Brooklyn, New York, to 15 years in prison for leading a loan modification scheme that defrauded distressed homeowners. Gotterup pleaded guilty on June 16, 2016, to conspiring to commit wire, mail and bank fraud. In addition, as part of the sentence, the Court ordered Gotterup to pay $2,500,050 in forfeiture.

From 2008 to 2012, Gotterup and his co-conspirators made a series of false promises to convince more than a thousand distressed homeowners seeking relief through government mortgage modification programs to pay thousands of dollars each in advance fees to numerous companies owned or controlled by Gotterup, including Express Modifications, Express Home Solutions, True Credit Empire, LLC, Green Group Today, Inc., The Green Law Group, Inc., and JG Group.

Among other things, Gotterup directed telemarketers and salespeople to lie to distressed homeowner victims by telling them that they were “preapproved” for loan modifications and that they were retaining a “law firm” and an “attorney” who would complete their mortgage relief applications and negotiate with the banks to modify the terms of their mortgages. Contrary to these representations, Gotterup and his co-conspirators did little or no work in connection with these fraudulently induced advanced fees. Gotterup was arrested in October 2015 and has been incarcerated since then.

Maryland Real Estate Agent Sentenced to Over 2 Years in $735,000 Mortgage Fraud Scheme

Baltimore, Maryland – U.S. District Judge James K. Bredar sentenced Michael Gerard Camphor, age 60, of Baltimore, to 27 months in prison, followed by three years of supervised release on charges arising from the fraudulent purchase of four properties in Baltimore, using fraudulent loan documentation and straw purchasers, resulting in losses of over $735,000. At the sentencing on February 28, 2016, Judge Bredar also ordered Camphor to pay restitution of $735,363.47 and to forfeit $962,274.95.

According to Camphor’s plea agreement and other court documents, since 2002, co-conspirator Andreas Tamaris committed mortgage fraud by purchasing, renovating, and then reselling distressed row houses in Baltimore City, primarily in the Highlandtown neighborhood. Camphor had worked as a real estate agent for a company and also operated a real estate consulting business called Ron Gerard LLC, a/k/a Ron Gerard & Associates.

From approximately February 2008 to July 2009, Camphor and his co-conspirators, including Cecil Chester, found buyers for Tamaris’ properties and for other property owners. They sought potential buyers who were inexperienced with residential real estate transactions. Camphor and his co-conspirators advised these “straw purchasers,” who lacked the funds needed to pay the down payment and closing costs, that they didn’t need to contribute these funds to buy the properties