Archives For Down Payment Fraud

Filippos Milios, also known as Filip Milios, 55, Newington, Connecticut, pleaded guilty before U.S. Magistrate Judge Donna F. Martinez to conspiracy and money laundering offenses stemming from his role in a mortgage fraud scheme that involved dozens of Connecticut properties.

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Charlette Henderson, 42, and her son Lanikein Henderson, 25, both of Brandon, Mississippi, have been sentenced in Mobile County, Alabama, for residential mortgage fraud. Charlette received a 48 month suspended sentence, while her son received a 24 month suspended sentence. Each was ordered to pay $2,093.37 to AFC Mortgage, court costs, and $100 to Alabama Victims Crime Fund.

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Justin W. Jeffries, 35, and Scott A. Jeffries, 59, were each sentenced to 5 years probation and restitution in the amount of $206,046.89 for their roles in the mortgage fraud scheme wherein they falsified the source of borrower down payments, among other things.

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Joseph Daniele, 42, Tampa, Florida, was sentenced by U.S. District Judge Elizabeth A. Kovachevich to 10 years and 1 month in federal prison for conspiracy to commit wire fraud. Daniele illegally flipped approximately 80 homes across Florida using a “no money down” scam.

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Joseph Gekko, 45, Yorba Linda, California, pleaded guilty to three counts of wire fraud in connection with a mortgage fraud scheme. Gekko admitted that he had prepared fraudulent HUD-1 Settlement Statements, which not only falsified the purchase prices, but the true source of down payments.

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Richard Dean Woolsey, 42, Grosse Ile Township, Michigan, was sentenced after being convicted at trial of conspiracy to commit wire fraud and wire fraud for his role in a mortgage fraud scheme.  Woolsey and his conspirators disguised the source of down payments and provided false and inflated appraisals for properties, among other things.

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Karl Oreste, 56, Miramar, Florida, Marie Lucie Tondreau, a/k/a Lucie Tondreau, 54, North Miami, Florida, Okechukwu Josiah Odunna, a/k/a O.J. Odunna, 49, Lauderdale Lakes, Florida, and Kelly Augustin, 57, North Miami, have been charged for their roles in an alleged scheme whereby they recruited and paid people to pose as borrowers to purchase properties.

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Taimur Aurora, 40, Stamford, Connecticut, waived his right to indictment and pleaded guilty before Chief U.S. District Judge Janet C. Hall to conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved dozens of properties in Fairfield County, Connecticut.

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James Fidel Sotolongo, 48, Port Orange, Florida, was found guilty of one count of conspiracy and eleven counts of bank fraud for running a scheme to obtain properties with no money down and no money at closings, rent them out, and then sell the properties for a profit.

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Seven individuals have been indicted in the Southern District of Florida for their alleged participation in a mortgage fraud scheme in the Miami, Florida area.

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