Three men and two women have been charged with committing loan modification fraud by targeting Hispanic victims throughout Southern California. Three of the defendants are family members and are charged with leading a family-run home loan modification ring and illegally charging victims for services that they did not provide.
Maria Eliza Garza, Houston, Texas, has been ordered to prison following her conviction in conspiring to defraud seven different Houston-area banks or more than $2 million in 2007 and 2008.
Timothy McCabe, 50, and Theresa Morales, 50, formerly of Buffalo, New York, pleaded guilty before U.S. District Court Judge Richard J. Arcara, to bank fraud.
Christopher Wayne White, 44, Fort Lauderdale, Florida, a real estate broker was sentenced by U.S. District Judge William P. Dimitrouleas to 41 months in prison, three years supervised release and ordered to pay $4,029,892, in restitution to victims in three separate fraud cases.
Charles Espinel, 61, and Jeannette Espinel, 59, of both Daly City, California, a former 32 year FBI employee and his wife, were sentenced on January 14, 2015, to 90 days in prison plus six months location monitoring and 200 hours of community service for misrepresenting their income in loan applications.
Jayesh Dahyabhai Patel, 49, Knoxville, Tennessee, was sentenced on Jan. 15, 2015, by the Honorable Leon Jordan, U.S. District Court Judge, to serve 42 months in federal prison. Patel was also ordered to pay restitution of $2,806,438.20 to First Community Bank and serve five years of supervised release upon his release from prison.
Emeka Udeze, 39, Bowie, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 37 months in prison followed by five years of supervised release for conspiring to commit wire fraud in connection with two separate mortgage fraud schemes that involved loan application misrepresentations and short sale fraud.
Menachem Yosef Levitin (a/k/a Joseph), 29, New Haven, Connecticut, both a property manager and real estate agent, was sentenced to 22 months in prison for his role in a mortgage fraud scheme arising from the purchases of more than 40 properties in New Haven.
Haider Zafar, 36, formerly of Dublin, Ohio, was sentenced in U.S. District Court to 72 months in prison, three years of supervised released, and was ordered to pay $15,723,034 in restitution for committing a $10 million fraud scheme involving false representations about investments in Pakistani real estate and to fraudulently obtaining a $1 million Miami Heat ticket package.
John C. McBride, 65, Marblehead, Massachusetts, pleaded guilty to tax and bank fraud violations, primarily for recording fraudulent federal tax lien releases on properties he owned in Marblehead and Edgartown, Massachusetts.