Archives For Minnesota

Michelle M. Niska, 42, Oak Grove, Minnesota, has been sentenced to 36 months in prison and three years of supervised release, and Robert G. Bock, 41, also of Oak Grove, has been sentenced to 10 months of confinement in a half-way house and three

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Michael Fiorito, 41, Prior Lake, Minnesota, has been convicted by a federal grand jury on seven criminal counts in connection with an equity-skimming scheme that targeted vulnerable homeowners. After more than six hours of deliberation, a jury found guilty on all counts against him, including one count of conspiracy to commit mail fraud and six counts of mail fraud.

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Michael Prieskorn, mortgage originator, has had his license revoked by the Minnesota Department of Commerce, who also fined him $2.2 million, for his involvement in the fraudulent sale of approximately 220 homes in new developments in high-growth areas including Eagan, Buffalo, Rochester and St. Cloud, Minnesota. Commerce

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Eric Jason Sunsdahl, 34, Rosemount, Minnesota has been charged with seven counts of bank fraud, seven counts of false statements on loan applications and one count of conspiracy to commit wire fraud. Sunsdahl‘s indictment alleges that from 2004 through 2007, he fraudulently obtained mortgages and funds from Bremer Bank by submitting false and fraudulent loan applications and

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Inyang Amos Inyang, 43, Bloomington, Minnesota was Indicted in federal court in connection with a scheme to defraud mortgage lenders located throughout the United States and to obtain money from those lenders through fraudulent pretenses.  Continue Reading...

Angelo Mancini, III, 41, St. Paul, Minnesota, has been charged with one count of wire fraud. Mancini’s Indictment alleges that on Sept. 19, 2006, in a scheme to obtain more than $163,000, applied for a loan for the re-finance of his residence, which he was not financially qualified to obtain.

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Jonathan Edward Helgason, Chisago, Minnesota, and Thomas Joseph Balko, Rogers, Minnesota, were sentenced to eight and seven years respectively, according to media reports.  As previously Continue Reading...

Kuntee Singramdoo, Lakeville, Minnesota, a title agent and notary was summarily suspended by the Minnesota Department of Commerce.  The Commerce Department charged her with embezzling over $230,000 in real estate closing proceeds and using the money to pay off her own creditors or her family members’ creditors. Singramdoo was an independent closer hired by Continue Reading...

IMC Financial Services, LLC (“IMC”) and American Financial Corp. d/b/a National Foreclosure Counseling Services (“NFC”), so-called mortgage “foreclosure consultants”, both with offices in Florida, have been sued by Minnesota Attorney General Lori Swanson alleging that they

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John M. Rubischko, 37, Eagan, Minnesota, was sentenced in federal court on counts of wire fraud and aggravated identity theft in connection with a mortgage fraud scheme resulting in losses of more than $1 million. United States District Court Judge Donovan Frank sentenced Rubischko to 87 months in prison and five years supervised release on one count of wire fraud and one count of

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