Fred Davis Clark, Jr., a/k/a Dave Clark, 56, and Cristal R. Clark, a/k/a Cristal R. Coleman, 41, both formerly of Monroe County, Florida, were charged in a superseding indictment with conspiracy to commit bank fraud and multiple counts of bank fraud, in connection with a $300 million fraud scheme involving the sale of vacation real estate units to approximately 1,400 investors in the Florida Keys and elsewhere.
Douglas Carter and James Spillers have been arrested by the Collier County, Florida, Sheriff’s Office for allegedly operating an advance fee for loan scheme targeting victims throughout the United States and Canada.
Reyna Peinado, 48, Huntington Beach, California, an auctioneer who defrauded banks by accepting bribes to lower the amount of winning bids in trustee auctions, was sentenced to 24 months in federal prison.
Alan Tikal, 46, Brentwood, California, was found guilty after a one-day bench trial on stipulated facts by United States District Judge Troy L. Nunley of 11 counts of mail fraud and one count of money laundering. Tikal targeted struggling homeowners, many of whom did not speak English, and promised them that their outstanding mortgage debt would be reduced by 75 percent, among other misrepresentations.
Christopher Jackson, 46, Elk Grove, California, was sentenced to 30 years in prison; Michael Bolden, 60, Sacramento, California, was sentenced to 20 years in prison; and Victor Alvarado, 53, Sacramento, was sentenced to 10 years in prison for their roles in the Diversified Management Consultants real estate Ponzi scheme. .
Michael Rene Berlon, 55, Grayson, Georgia, former attorney, has been arraigned on federal charges of mail and wire fraud in Utah for his role in defrauding clients in an advance fee loan scam.
Filippos Milios, also known as Filip Milios, 55, Newington, Connecticut, pleaded guilty before U.S. Magistrate Judge Donna F. Martinez to conspiracy and money laundering offenses stemming from his role in a mortgage fraud scheme that involved dozens of Connecticut properties.
David C. Jackson, also known as C. David Manns, 53, has been arrested on a federal criminal complaint charging him with operating an advance fee loan fraud scheme that defrauded individuals out of more than $3 million.
Dana Jefferson, 53, O’Fallon, Missouri, has been indicted on multiple fraud charges involving a scheme to lure lenders by falsely representing that he was the beneficiary of a multi-million dollar inheritance. Jefferson made false promises to lenders that once he gained access to his inheritance, he would use the funds to purchase homes for them, or in some cases would repay double the amount of the loan.
Timothy Jon Oliver, 60, a Minnesota attorney, pleaded guilty to felony wire fraud for his role in scheme wherein he took funds from a construction company to secure financing for a nonexistent real estate development project.