Mary Brainard, 60, Seneca Falls, New York, pleaded guilty before U.S. District Judge Frank P. Geraci to wire fraud affecting a financial institution. The charge carries a maximum penalty of 30 years in prison, a fine of $1,000,000, or both.
Archives For Mortgage Fraud
Jason Sterlino, 34, Hercules, California, pleaded guilty in federal court in San Francisco, California, to paying bribes to a bank official in order to procure residential mortgage loans.
Stanley A. Walton, 54, Las Vegas, Nevada, an attorney, has pleaded guilty to a charge brought against him in February 2011 that he participated in a scheme to obtain mortgage loans from financial institutions using straw buyers and false loan applications.
Scott C. Allmon, 38, Easley, South Carolina, pled guilty in federal court in Anderson to making false statements in connection with a real estate investment scheme, a violation of Title 18, United States Code, Section 1001.
Alexander Ende, 35, Boynton Beach, Florida, pleaded guilty to conspiracy to commit bank fraud and mail fraud, and wire fraud affecting a financial institution. Ende faces a maximum penalty of 30 years in federal prison for his involvement in this mortgage fraud conspiracy.
Kwame Nkrumah, a/k/a Roger Woodson, 57, Meriden, Connecticut, admitted his role in an extensive mortgage fraud scheme related to the purchases of numerous homes in New Haven, Connecticut.
Shela Amos, Indianapolis, Indiana, was sentenced to 34 years for defrauding victims by using the vacant home sale scheme whereby the defendant sold homes she did not own.
Fred Haywood, 42, Chicago, Illinois, a former loan officer, was sentenced to more than 12½ years in federal prison for engaging in a mortgage fraud scheme involving 65 real estate transactions with properties located mostly in economically-depressed neighborhoods, which netted him personally more than $700,000.
Michael Morawski, 56, Sleepy Hollow, Illinois, and Frank Constant, 59, West Dundee, Illinois, whom swindled investors out of millions of dollars in a Ponzi fraud scheme, were sentenced to federal prison and ordered to pay full restitution to their victims.
Mark P. Troehler, 38, Herrin Illinois, was indicted by a federal grand jury sitting in Benton, Illinois, on May 9, 2013, and charged with Bank Fraud.