Frank Mete, 55, Berlin, Connecticut, waived his right to indictment and pleaded guilty before U.S. Magistrate Judge Donna F. Martinez in Hartford to fraud and tax evasion offenses stemming from an investment fraud scheme.
Archives For False Documents
Nine defendants have been indicted in two separate mortgage fraud cases. Seven defendants were charged together in one case, and two in the second case, together alleging schemes to fraudulently obtain at least four residential mortgage loans totaling more than $1 million from lenders.
Four defendants have been sentenced in a mortgage fraud case: Christopher Ginyard, 27, Wichita, Kansas, two years supervised release and $40,000 restitution; Henry Pearson, Jr., 29, Wichita, two years supervised release and $56,000 restitution; Henry Pearson, Sr., Wichita, two years supervised release and $55,180 restitution; and Bruce Dykes, 45, Wichita, two years supervised release and $14,872 restitution.
Bryson John Russell, 66, Lincoln, Illinois, former president of a Logan County bank, was sentenced by U.S. District Judge Richard Mills to serve 30 months in federal prison for embezzling more than $500,000 from Hartsburg State Bank and hiding it by creating loans in the names of various customers and relatives.
Linda Yarleque, 44, and her husband, Fabio Moreno Vargas, 46, Westwood, New Jersey, were both convicted of one count each of bank fraud and conspiracy to commit wire fraud.
Jose Armando Alvarado, 64, Miami, Florida, a former licensed real estate associate and mortgage broker, was sentenced to serve 135 months in prison for his role in a $2.4 million mortgage fraud scheme.
John Carlisle, 49, New Haven, Indiana, pled guilty before Magistrate Judge Christopher A. Nuechterlein to the felony offense of making false statements and reports regarding mortgage loans and aiding and abetting in such conduct.
Brian Edwards, 50, Fort Wayne, Indiana was sentenced by District Judge Jon E. DeGuilio to 21 months imprisonment, 2 years supervised release and of $400,000 in restitution after pleading guilty to the felony offense of making false statement in connection with a mortgage loan and mortgage insurance.
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.
James Lee Lankford, 74, formerly of Modesto, California, a real estate broker, pleaded guilty to seven counts of mail fraud in connection with a mortgage fraud scam that looted elderly homeowners and lending institutions of millions of dollars.