Archives For Flipping

Jabari L. Marshall, 36, Las Vegas, Nevada, who was convicted by a jury in September 2013 of conspiracy to commit mail and wire fraud for his involvement in a scheme to obtain $35 million in fraudulent mortgage loans, was sentenced to 20 years in prison.

Continue Reading…

Mark Thomas Bowe, Jr., 56, Jonesboro, Georgia, was sentenced by Chief United States District Judge James C. Dever, III to a 42-month term of imprisonment, followed by five years of supervised release, on count one of an indictment charging Bowe with conspiracy to commit bank and wire fraud, in violation of Title 18, United States Code, Section 1349.

Continue Reading…

Timothy William Barnes, 37, formerly of San Luis Obispo, California, a real estate broker pleaded guilty to orchestrating a property flipping scheme in which he purchased houses in short sales at artificially low prices and immediately resold the properties at their true market value.

Continue Reading…

David Lewis Johnson, Jr., Cary, North Carolina, was sentenced by Chief United States District Judge James C. Dever, III to a 96 month term of imprisonment, followed by 5 years of supervised release, on charges of Conspiracy to Commit Mail, Wire, and Bank Fraud, in violation of Title 18, United States Code, Section 1349.

Continue Reading…

Liliana Delia Deiac, 43, Jamaica, New York, was sentenced in federal court by Chief United States District Judge James C. Dever, III to 18 months in prison, followed by 3 years of supervised release.

Continue Reading…

Michele Carducci, 37, Tampa, Florida, pleaded guilty to conspiracy to commit wire fraud affecting a financial institution and making false statements to a federal agency.

Continue Reading…

Kathryn Sylvester, San Diego, California, pleaded guilty to participating in a mortgage fraud conspiracy in which she and several co-conspirators caused more than $6 million in losses associated with various properties in San Diego County and elsewhere.

Continue Reading…

Lloyd Gardley, 60, currently in federal custody in Pahrump, Nevada, the mastermind of a Las Vegas mortgage fraud scheme that caused approximately $15 million in losses to the lenders and financial institutions, has been sentenced to just over 11 years in federal prison for his guilty pleas to conspiracy and fraud charges.

Continue Reading…

Five defendants, including a real estate developer, a loan officer, a mortgage broker, and an escrow officer, have been sentenced by Chief U.S. District Judge Ann Aiken for a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development (DSD), a company previously headquartered in Bend, Oregon.

Continue Reading…

Jeriel Salinas, 32, Bakersfield, California, pleaded guilty to one count of conspiracy to commit mail fraud, wire fraud, and bank fraud relating to his involvement in an extensive mortgage fraud scheme while working at Crisp & Cole Real Estate.

Continue Reading…