Archives For Arizona

Mariano Vincente Cano, Tuscon, Arizona, was sentenced by U.S. District Judge David C. Bury to 14 months in prison and ordered to pay over $350,000 in restitution for his role in a straw buyer mortgage fraud scheme.

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Michael Stewart, 66, Phoenix, Arizona, and John Packard, 63, Long Beach, California, the owners of a now-defunct Southern California real estate investment firm were arrested for allegedly perpetrating a Ponzi scheme that ended with the bankruptcy of their company and caused private investors and banks collectively to lose well over $110 million when the scheme collapsed.

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Joseph N. Gagliano, 45, Phoenix, Arizona, was sentenced to 30 months in prison and ordered to pay $2,903,010.26 in restitution by U.S. District Court Judge G. Murray Snow.

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Dino Sisneros, Tuscon, Arizona, has been sentenced to 5 years in prison for his role in a mortgage fraud conspiracy to obtain loans totaling almost $13.5 million between 2003 and 2007.

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Walter Scott Fruit, 54, and Sandra Jackson, 48, both of Tucson, Arizona, were sentenced to federal prison by U.S. District Court Judge Cindy K. Jorgenson for their role in a mortgage fraud scheme. Fruit was sentenced to 30 months in prison; Jackson was sentenced to six months in prison.

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Horacio Lomeli, a 12-year veteran Department of Public Safety Officer, and his wife, Carmen Lomeli, have been convicted by a jury on charges of conspiracy, money laundering, and theft related to Mrs. Lomeli’s embezzlement of over $175,000 from her employer Sierra Seed, LLP, based in Nogales, Arizona. Mrs. Lomeli also was convicted of mortgage fraud.

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Robert Heckinger, 67, Tucson, Arizona, an Enrolled Agent with the IRS at the time of the incident, was sentenced July 8, 2013, to 60 months of probation for his role in preparing two fraudulent tax letters upon which a mortgage lender relied to approve two loans . He was also ordered to pay $45,055 in restitution.

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Jere Loy Parkhurst, 46, was sentenced by U.S. District Judge James A. Teilborg to 13 months in Federal prison for his role in a real estate investment scheme.

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Four Tucson, Arizona area individuals have pled guilty to their roles in a mortgage fraud case: William Michael Naponelli, Bryan Atwood, Walter Scott Fruit and Sandra Jackson.

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Gerald Lee Kelly, 48, Gilbert, Arizona, was sentenced to 27 months in federal prison for his role in an investment scheme. Kelly pleaded guilty on May 14, 2012, to wire fraud, transactional money laundering, and structuring financial transactions through a domestic financial institution.

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