Mohammed Rababeh, 29, Vienna, Virginia, and Ahmed Rababeh, 31, Haymarket, Virginia, were sentenced for their roles in a conspiracy to commit bank fraud. U.S. District Judge Claude M. Hilton sentenced Mohammed Rababeh to 24 months in prison and Ahmed Rababeh to 18 months in prison.
As previously reported on Mortgage Fraud Blog, the two men pleaded guilty to conspiracy charges arising from a fraud scheme involving several real estate mortgage loans they and their co-conspirators obtained between April 2004 and September 2006.
According to court papers, the two men conspired with Randolph Baltimore, 50, Leesburg, Virginia, to submit fraudulent loan applications overstating Baltimore’s income and omitting his liabilities, so that Baltimore could purchase properties the Rababehs wanted to sell. The Rababehs agreed to pay Baltimore $27,500 to serve as the buyer on four such properties. Mohammed and Ahmed Rababeh engaged in similar fraud schemes to obtain loans to buy properties in their own names, according to court papers. Mohammad Rababeh obtained more than $2 million in such loans, and the losses to the lenders could be as much as $1 million.
Baltimore pleaded guilty to the conspiracy on June 24, 2008, and was sentenced by Judge Hilton on September 26, 2008, to 12 months in prison.