Charise Stone, 46, Ashburn, Virginia resident was convicted by a federal jury on 13 charges related to mortgage fraud, passing fictitious financial instruments, and tax fraud.
James Tyson, Jr., 34, Charlotte, North Carolina, was sentenced by Senior U.S. District Judge Graham C. Mullen to 30 years in prison, Carrie Tyson, 61, Winterville, North Carolina, was sentenced to 18 years in prison, Victoria Hunt, 36, Rockville, Maryland, received 8 years in prison, and Vonetta Tyson Barnes, 41, Mililani, Hawaii, 30 days in prison, for their roles in mortgage and investment fraud schemes codenamed “Operation Wax House”.
Julian Martin Gaspar Vazquez, 52, Mexico, was sentenced on May 22, 2015, by United States District Judge William P. Dimitrouleas, to forty-one months imprisonment, to be followed by five years of supervised release for executing a $4 million dollar bank fraud scheme.
Timothy Ricks, 47, East Orange, New Jersey, was sentenced to 84 months in prison for conspiring to defraud financial institutions and launder stolen funds as part of a $15 million mortgage fraud scam that used phony documents and straw buyers to make illegal profits on overbuilt condos.
Mario Alvarenga, Rajesh Maddiwar, and Amir Meiri were arrested for participating in a scheme wherein, through an organization that advertised help to those seeking loan modifications to avoid foreclosure, obtained millions of dollars by deceiving homeowners into selling their homes to a company associated with the defendants.
Mark Yaffe, 55, Tampa, Florida, has pleaded guilty to one count of conspiracy to commit bank fraud admitting his role in misrepresenting the extent of company collateral to Sovereign Bank in order to borrow $35 million.
Steven Barry Ruza, 52, Orchard Lake, Michigan, and his company, Home Legal Group, Inc., have been charged with 30 felony counts for allegedly stealing hundreds of thousands of dollars from Michigan victims that were facing mortgage foreclosures.
Jason Calabrese, 43, Watertown, Connecticut, pleaded guilty before U.S. District Judge Janet Bond Arterton in New Haven, Connecticut, to his involvement in a series of fraudulent mortgage loan applications.
Paxton Jeffrey Anderson, 44, Montevideo, Minnesota, and Joseph John Plany, 42, Hutto, Texas, were sentenced by U.S. District Court Judge Susan R. Bolton to eight years and four years in prison, respectively, and ordered to pay $3,270,425 in restitution. The defendants ran a scam wherein, unbeknownst to the borrowers, they forged and altered draw requests, and other documents, to withdraw money from the construction loans then used that money to buy racehorses and trips to the Kentucky Derby, among other things. Continue Reading…
Eric Hulsman, a Georgia real estate investor, pleaded guilty to his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Georgia.