Archives For Washington DC

Bryan W. Talbott, 48, and Chester D. Ransom, Jr., 44, owners of a property management company, have pleaded guilty to defrauding their clients, mortgage lenders, and the government out of more than $2.8 million.

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Hugo Patrick Coutelin, 62, Santa Fe, New Mexico, the secretary of Las Vegas, Nevada-based CPT Real Estate Investments pleaded guilty for his role in a $3.4 million mortgage fraud scheme involving victims in the Las Vegas, Nevada area.

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John Farahi, 54, Bel Air Estates, California, a former investment fund manager, was charged with defrauding investors out of millions of dollars by falsely promising investors their money would be used to purchase loans and corporate bonds backed by the federally funded TARP and then collaborating with his corporate counsel to cover-up the fraud.

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LaFrances Dudley O’Neal, 47, Clinton, Maryland, and Donald M. Ramsey, 44, Alexandria, Virginia, have been indicted on charges that they took part in a mortgage fraud that cost lenders more than $700,000.

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