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Mortgage Fraud Archives

Week Ending December 23, 2011

Mortgage Fraud News

Case Activity

Mortgage Fraud Convict Fails to Show Up for Prison
Dec. 21 -- Federal authorities indicted a Golden Valley man this morning for failing to show up in October for the start of his 10-year prison sentence on mortgage fraud charges. Zack Zafer Dyab faces a maximum of five additional years in prison.
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Mortgage Firm, Biggest Realtor Team Sued Over HELOCs
Dec. 21 -- A lawsuit filed against a real estate team that has been ranked as the biggest in the country alleges that Maryland homebuyers were convinced to purchase another home before selling their current residences -- a scheme that allegedly generated more commissions in the process. Lawyers in the case seek class action certification.
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Range of Fraud Schemes Emerging
Dec. 19 -- WASHINGTON -- Could today's seductive conditions in the housing market -- severely marked-down prices, record low interest rates and hundreds of thousands of foreclosures waiting to be resold -- be breeding new generations of the very practices that led to the crash?
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Defendant in $5.8 Million Case Seeks to Strike Earlier Statements from Record
Dec. 19 -- Gaither B. Thompson II -- accused of taking part in a multi-million-dollar mortgage fraud scheme -- has asked a judge to exclude statements he made to federal investigators in 2009, when the fraud probe was in its early stages, from any court hearings.
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Las Vegas Realtor, Estranged Husband Convicted
Dec. 19 -- A couple once dubbed "the Bonnie and Clyde of mortgage fraud" were convicted of multiple counts by a federal jury in Las Vegas on Thursday.
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Paralegal Pleads Guilty
Dec. 19 -- An East Haven, Conn., paralegal has admitted her role in a New London County mortgage fraud headed by Jose Guzman of Waterford.
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Date Defendants State Amount of Loans Overview Source
Dec. 22 Tony Viola OH Multiple properties Appeal for new trial denied. Sentencing set for 12/29/11.
Dec. 22 Derwin Frazier, Veronica Frazier, Felton Greer, Brenda East, Duane Wardell TX Multiple properties Guilty pleas from Derwin, Veronica, and Felton Greer. East and Wardell previously pleaded guilty. Department of Justice
Dec. 21 Uri Gofman, Anthony Capuozzo, The Real Asset Fund, Clear Choice Realty, Karka, Inc. OH $44,000,000 Uri Gofman pleaded guilty; will be sentenced to 8.25 years prison on 2/1/12. Capuozzo sentenced to 1 year prison beginning on 1/10/12. The Real Asset Fund, Clear Choice Realty, and Karka, Inc. (all owned by Gofman) pleaded guilty. Cuyahoga County
Dec. 21 Michael Ferrazza PA Multiple properties Indicted. Department of Justice
Dec. 21 David F. Baker III, Beth B. Baker PA $2,500,000 Indicted. Department of Justice
Dec. 21 Chamethele McKinney, John Quinn McKinney, Robert Todd McKinney, Belinda Cheri McKinney IL Approx. $2,400,000 Chamethele sentenced to 37 months prison plus 5 years supervised release and restitution of $267,678.47 to Deutsche Bank. Others previously sentenced. Department of Justice
Dec. 20 Welton Kalani, Stephen Balino HI Multiple properties Convicted. Sentencing set for 4/26/12. Department of Justice
Dec. 19 Miguel Valerio, Juan Carlos Hernandez, James D. Levitt RI $3,500,000 Guilty plea from Valerio. Hernandez previously pleaded guilty. Levitt awaits trial. Department of Justice
Dec. 19 Gerald Wayne Snow Sr. OK Approximately $4,800,000 Sentence decision upheld (40-month sentence, 36-month supervised release).
Dec. 19 Mary Pat Harper, Darryl Hanneken, Robert Herdrich, Mary Lee Reinking, Natalie Long, Paul Bieber, Marc Engelmann IA $3,700,000 Sentences: Harper sentenced to 24 months prison plus 3 years supervised release and $185,294 restitution; Hanneken and Herdrich each previously sentenced to 40 months prison; Reinking, Long, and Bieber each previously sentenced to probation; Engelmann awaits sentencing . Department of Justice
Dec. 19 Charles H. Evans, Jr., Jon Christopher Evans MS $80,000,000 Sentences: Charles Evans sentenced to 20 years prison; Jon Evans sentenced to 14 years prison. Both defendents to forfeit a total of $18,594,221.58. Restitution tbd. Department of Justice
Dec. 19 Henry Oliver Ford (a.k.a. Cleothus Lefty Jackson), Vincent James Vendittelli, Jason Mark Chrzanowski AZ Multiple properties Sentences: Ford sentenced to 30 months prison; Vendittelli sentenced to 27 months prison; Chrzanowski sentenced to 27 months prison. Department of Justice
Dec. 19 John Incandela, Louis Gendason, Marcos Echevarria, Kimberly Mackey FL $2,500,000 Incandela sentenced to 41 months prison plus 3 years supervised release and $1.9 million restitution. Gendason scheduled to be sentenced on 1/20/12. Echevarria and Mackey previously sentenced. Department of Justice
Dec. 19 Nadin Samnang VA $7,000,000 Indicted. Department of Justice
Dec. 19 John Hoose, Scott Hoose MI Multiple properties John sentenced to 18 months prison plus $1 million restitution; Scott sentenced to 12 months prison and $570,000 restutution.

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