Wilbur Anthony Huff, Kentucky, pleaded guilty to bank fraud charges admitting that he engaged in a scheme to prevent Park Avenue Bank, New York, New York, from being designated as “undercapitalized” by regulators – a designation that would prohibit the bank from engaging in certain types of banking transactions, and that would subject the bank to a range of potential enforcement actions by regulators.
Brian McCloskey, 42, Baltimore, Maryland, was sentenced by U.S. District Judge J. Frederick Motz to 41 months in prison, followed by three years of supervised release, for conspiring to commit wire fraud arising from a $20 million investment fraud scheme wherein McCloskey and his conspirators made false representations to persuade lenders to fund loans.
Crystal Perkins, 32, Mansfield, Ohio, has been indicted for defrauding an 82-year-old man of more than $50,000 in an alleged real estate investment scam.
Seven defendants were sentenced for their roles in a huge mortgage fraud scheme that was charged in 2008. A federal grand jury brought two indictments that charged 19 people in a fraud scheme that promised to help homeowners avoid foreclosure and repair their credit. Most defendants have pleaded guilty or have been convicted by juries.
Kevin Sniffen, 53, Phoenix, Maryland, an attorney licensed in Maryland, was sentenced by U.S. District Judge J. Frederick Motz sentenced to three years in prison, followed by three years of supervised release, for conspiring to commit wire fraud arising from an investment fraud scheme. Sean Krondak, 44, Irvine California, was sentenced to six months of home detention as part of three years’ probation for obstructing justice.
Michelle V. Mallard, 47, Charlotte, North Carolina, was sentenced by Chief U.S. District Judge Frank D. Whitney to serve ten years in prison followed by two years of supervised release on mortgage fraud and related charges. Mallard was one of 91 defendants charged in Operation Wax House.
Juan Ramon Curiel, 36, Visalia, California, pleaded guilty to conspiracy to commit mail fraud and bankruptcy fraud in connection with a foreclosure rescue scheme he orchestrated. Curiel’s co-defendant and business partner, Santiago Palacios-Hernandez, 45, Salinas, California, pleaded guilty to the same conspiracy charge.
Jonathan L. Herbert, 36, Lighthouse Point, Florida, has been charged with wire fraud for conducting a home loan modification scam that targeted individuals who were having difficulties making their mortgage payments.
Diane Glatfelter, 48, Billerica, Massachusetts, was sentenced for wire fraud charges in connection with a bogus bank guaranty program. Glatfelter defrauded a real estate businessman who was seeking funding for a development project. Glatfelter promised to secure a $20 million loan, but required him to pay $125,000 in up-front fees.
Rashmi Airan-Pace, 42, Miami, Florida, an escrow agent, pleaded guilty to conspiracy to commit wire, mail, and bank fraud, for her role in facilitating the inclusion of material misrepresentations in closing documents, including the HUD-1 settlement statements.