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Mortgage Fraud Archives

Week Ending February 10, 2012

Mortgage Fraud News

Case Activity

Record Mortgage Fraud Settlement
Feb. 09 -- Allegations that the Federal Housing Administration was defrauded on mortgages it insured have been settled for $1 billion. The settlement, which is the biggest of its kind, also resolves allegations of inflated appraisals and abuse with the government's loan modification program.
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Mortgage Broker Testifies Against Mfg Housing Dealer
Feb. 09 -- A sentencing hearing for former Conway, S.C., manufactured home dealer Glenn Vaught, who pleaded guilty last year to a felony mortgage fraud charge, was postponed Wednesday after mortgage broker Nancy Kennedy showed up in the courtroom to testify against him.
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4 Guilty Pleas in $21 Million Scheme
Feb. 08 -- OAKLAND, Calif. -- Four people last week pleaded guilty in federal court to charges relating to a far-reaching mortgage loan fraud scheme involving at least 20 properties and more than $20 million in loan proceeds in Northern California, according to the U.S. attorney's office.
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Uncle Joining Nephew in Prison
Feb. 08 -- Lionel Alexander, president of American Family Mortgage, recruited straw borrowers for 48 properties in the Dallas-Fort Worth area as part of a fraud scheme, prosecutors say.
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$2.2 Million Mortgage Fraud Nets 6-Year Sentence
Feb. 06 -- The ringleader of a $2.2 million mortgage fraud ring was sentenced this week to six years in prison and ordered to repay nearly $1 million to two companies.
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Parents Take Hit for Son
Feb. 06 -- Given the choice between a nearly certain prison sentence and seeing their 24-year-old son charged in a mortgage fraud scheme, Jim and Teresa Hoffman chose prison Friday, admitting that they duped mortgage lenders out of more than $5 million.
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Date Defendants State Amount of Loans Overview Source
Feb. 10 Mayer Goldberger NY $5,300,000 Sentenced to 4-12 years prison plus $5.3 million in restitution.
Feb. 10 Michala Cherek-Ramirez NE $422,858 Sentenced to 5 years probation plus $422,858 restitution. Department of Justice
Feb. 10 Valeri Mysin, Valeri Kolesnikov, Valentina Beknazarov, Anatoliy Beknazarov CA $1,800,000 Sentenced to 2 years prison.
Feb. 9 Barry Heisner, Dominic Leung, Hilton Wong CA Multiple properties Guilty pleas. Department of Justice
Feb. 9 Michelle Austin-Wilks, Jinnie Mathurin, Guhier Florvilus Fl $3,000,000 Wilks indicted. Mathurin and Florvilus previously pleaded guily and await sentencing. Department of Justice
Feb. 9 Domingos Dias CT $3,200,000 Guilty plea. Department of Justice
Feb. 8 Roberto Caro, Manuel Caro, Hugo Oliva, Sergio Caro, Ilan Reyes, Orlando Dominguez FL Multiple properties Roberto Caro pleaded guilty. Manuel Caro previously pleaded guilty, but failed to appear in court. Sentences: Oliva 87 months prison plus $886,418.97 in restitution; Sergio Caro 37 months prison plus $671,166.36 in restitution; Reyes 5 years probation; Dominguez 5 years probation. Department of Justice
Feb. 7 Stephen J. Troese, Sr., James Kevin Hughes, Brenda Lukenich MD $2,838,231 Troese sentenced to 1 year and 1 day prison plus 3 years supervised release; Hughes and Lukenich await sentencing. Department of Justice
Feb. 7 Vavega Tialino, Toaono Tialino MO $300,000 Pleaded guilty.
Feb. 7 Henry J. Papale CT $360,307.23 Indicted. Department of Justice
Feb. 7 Michael R. Senick NJ $400,000 Pleaded guilty. Sentencing set for 5/18/12. Department of Justice
Feb. 7 Ronald J. O'Malley, Laura-Jean Arvelo NJ Multiple properties Sentences: O'Malley sentenced to 24 months prison plus 3 years supervised release and a $25,000 fine. Arvelo sentenced to 2 years probation. Department of Justice
Feb. 6 Steven F. Reagan, Jay S. Fulton FL $3,000,000 Indictments.
Feb. 6 Patrick Anderson, Ronald L. Blanchette Jr. NJ $2,000,000 Indictments.
Feb. 6 Charles E. Walker, Linda F. Walker, Lee Edward Walker, Linda D. Hanks, Frankie R. Powell, Christopher Forrester, Laura Greer, Tammy R. Fedel, Jess Kevin Cypret, James Powell, Eddie Lee Rohrs, Robert C. Barnica MO $11,000,000 Sentences: Charles sentenced to 10 years prison, Linda sentenced to 1 year and 1 day prison, Lee sentenced to 30 months prison; $4,345,761 in restitution to be paid by all three. Other defendants pleaded guity and await sentencing. Department of Justice

archived case entries back to 2005

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