Archives For California

Juan Ramon Curiel, 36, Visalia, California, pleaded guilty to conspiracy to commit mail fraud and bankruptcy fraud in connection with a foreclosure rescue scheme he orchestrated. Curiel’s co-defendant and business partner, Santiago Palacios-Hernandez, 45, Salinas, California, pleaded guilty to the same conspiracy charge.

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Emma Adel, 45, and Mazen Fazah, 39, both of Rancho Cucamonga, California, were recently arrested for stealing title to a home and then selling it for profit.

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Craig S. On, 62, Berkeley, California, pleaded guilty to one count of Conspiracy to Make a Materially False and Misleading Statement to an Accountant. On admitted that he did not inform auditors about approximately $67 million in potential losses from the sale of loans held by the bank.

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Garry Wan, Concord, California, a Northern California real estate investor, has agreed to plead guilty for his role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

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Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 33, both of Bakersfield, California, were convicted by a federal jury for their involvement in an extensive mortgage fraud scheme that ran from October 2005 to May 2007.

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Minerva Sanchez, 48, Fremont, California, pleaded guilty to conspiracy to commit bank fraud. Sanchez admitted that she advised a seller to submit false and fraudulent short-sale applications to Tri Counties Bank and Freddie Mac.

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Su Chu Chou “Terry” Cheng, Walnut Creek, California, and Chung Li “George” Cheng, Walnut Creek, both Northern California real estate investors, have agreed to plead guilty for their role in conspiracies to rig bids and commit mail fraud at public real estate foreclosure auctions in Northern California.

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A federal grand jury in San Francisco returned three multi-count indictments against eleven real estate investors for their role in bid rigging and fraud schemes at foreclosure auctions in Northern California.

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Melvin Russell “Rusty” Shields, 45, Granite Falls, North Carolina, and Michael Sims, 60, Gilroy, California, the founders of the S3 Partners, were sentenced to prison for investment fraud and fraudulently obtaining millions of dollars from banks by submitting forged and fraudulent invoices and loan closing documents.

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Sneha Ramesh Mohammadi, 52, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 18 months in prison, to be followed by five years of supervised release, for her involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.

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