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Mortgage Fraud Archives

Week Ending May 11, 2012

Mortgage Fraud News

Case Activity

Real Estate Agent Indicted in 2nd Mortgage Fraud Case
May 10 -- A former real estate agent who was indicted in the Cloud 9 Sky Flats mortgage fraud scandal has been indicted again -- this time for alleged fraud at the Chateau Ridge condo complex in Burnsville, Minn.
read story at Mortgage Daily

Mortgage Fraud Defendant Escapes Prison Sentence
May 9 -- MYRTLE BEACH, S.C. -- Gaither B. Thompson II -- one of five people charged in a mortgage fraud scheme involving the Pineapple Bay condominium project here -- will be on home confinement for the next seven months after pleading guilty in federal court to a misdemeanor charge of unlawfully receiving compensation in a real estate transaction involving the U.S. Department of Housing and Urban Development.
read story at Mortgage Daily

Attorney-Defendant Claims He Was Victim in $6 Million Case
May 7 -- It was pre-recession. The real estate market in Sevier County, Tenn., was on fire, and banks were handing out loans hand-over-fist.
read story at Mortgage Daily

Date Defendants State Amount of Loans Overview Source
May 11 Koljo Nikolovski OH $5,600,000 Sentenced to 18 years prison. Department of Justice
May 11 Stephen Holman OH $6,200,000 Sentenced to 12 years prison.
May 11 Ronald Nelson, Edith Nelson, Nelda Asuncion, Cristeta Lagarejos CA $20,000,000 Defendants senteced to prison. Department of Justice
May 11 Juan Carlos Rodriguez, David Lam, Pamela Higgins, Carl Alexander, Carol Asbury, Patrick Brinson, Victoria Wilson, David Charles Miller, Jr., Thomas Thelusma FL Multiple properties Rodriguez pleaded guilty; Other defendants previously sentenced. Department of Justice
May 11 Welton Kalani, Stephen Balino, Bobby Wood HI Approximately $1,500,000 Kalani sentenced to 70 months prison; Balino and Wood previously sentenced. Department of Justice
May 11 Michael Anthony Prieskorn, Richard Matthew Laho MN $18,000,000 Prieskorn sentenced to 72 months prison. Department of Justice
May 11 William E. Baker, Garret G. Gililland, III, Shane Burreson, Niche S. Fortune, Kesha Danine Fortune Haynie CA Multiple properties Baker sentenced to 18 months prison. Department of Justice
May 10 Paul Demos, Michael Fort, Jeffrey Olson IL $750,000 Indicted. Department of Justice
May 10 Davionne Anderson NJ $1,200,000 Indicted. New Jersey Attorney General
May 9 Paul E. Gott, III, Joshua O. Dobson TN $45,000,000 Indicted. Federal Bureau of Investigation
May 9 Jared Mitchell Rothenberger MN $4,200,000 Indicted. Department of Justice
May 9 Jeffrey C. McLendon OH $7,500 Indicted.
May 9 Sierra Developers, Genesis Homes of Texas TX $13,000,000 Indicted.
May 9 Gaither B. Thompson II, Linda Audino, Anthony Audino, Michael Sichitano, Ford Shelley SC Multiple properites Thompson sentenced to home confinement, probation, and restitution.
May 8 Benjamin Turner, Jacob Vizel NY $715,000 Indicted.
May 7 Hendrix Moreno Montecastro, Helen Moreno Pedrino CA $142,000,000 Refused to enter pleas. Trial scheduled for 6/21/12.
May 7 Sergio Martinez AZ $1,400,000 Indicted. Department of Justice

archived case entries back to 2005

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