Charlette Henderson, 42, and her son Lanikein Henderson, 25, both of Brandon, Mississippi, have been sentenced in Mobile County, Alabama, for residential mortgage fraud. Charlette received a 48 month suspended sentence, while her son received a 24 month suspended sentence. Each was ordered to pay $2,093.37 to AFC Mortgage, court costs, and $100 to Alabama Victims Crime Fund.
Anna Sorokina Kuzmenko, 33, Sacramento, California, was convicted by a federal jury after a nine-day trial of two counts of wire fraud in a mortgage fraud scheme for her role in acting as a straw buyer for two loans.
Charles Patrick Gahan, Grand Rapids, Michigan, a real estate developer, was indicted on August 26, 2014, on charges of conspiracy to commit wire fraud affecting financial institutions for his role in a mortgage stacking scheme wherein he failed to disclose the existence of prior recorded liens and mortgages.
The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme.
Twin Falls Title and Escrow (TFTE) is the subject of a cease and desist order for fraudulently using the identity of a legitimate Idaho entity to promote unlawful escrow activity by altering a copy of the Certificate of Assumed Business Name filed by First American Title Company, Inc.
Anshoo Sethi, 30, Chicago, Illinois, a property developer, was indicted 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.
Brian Matthew Rich, 40, Laguna Beach, California, and Marcus Alan Avritt, 42, of Seal Beach, California, were sentenced by U.S. District Judge Robert J. Conrad, Jr. to prison for their roles involving computer theft from a nation-wide online mortgage broker. Rich and Avritt avoided paying the victim company an estimated $745,152 for the stolen mortgage leads.
Ann Hils, 54, East Hampton, Connecticut, pleaded guilty before U.S. District Judge Alvin W. Thompson in Hartford to one count of conspiracy to commit mail and bank fraud related to a real estate appraisal scheme.
Hong Jae Kim, aka Randy Kim, 45, was sentenced by U.S. District Judge Jane J. Boyle to 10 years in federal prison and ordered to pay $1,795,125 in restitution for his nearly two-year role in a scheme to launder mortgage fraud proceeds.
Robert Timothy Koger, 48, formerly of Oakton, Virginia, the president of an international brokerage firm, was sentenced to 11 years in prison for conducting a wide-ranging set of fraud schemes involving the sale of several properties. Koger located legitimate buyers at fair market price, then he recruited straw buyers with whom he arranged the sale for considerably less than the legitimate buyers in exchange for a kickback when the straw sold the property to the legitimate buyer.