Craig Hudson, William Bolton and David Barile were all sentenced to prison for their roles in a mortgage fraud scam that involved more than 50 fraudulent mortgages totaling $8.8 million.
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Darryl Burke, 50, and Vicki Garland, 50, both of Delray Beach, Florida, were convicted by a federal jury of bank fraud and wire fraud conspiracy, after a two and half week trial before U.S. District Judge James I. Cohn.
Pasquale Pappalardo, 60, Coral Springs, Florida, was sentenced to 20 years in prison, with three years of supervised release, and was ordered to pay restitution in the amount of $1,061,401 and forfeiture of $3,500,000.
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.
11 companies and five individuals have been charged with running an illegal mortgage relief scheme, which operated under various names.
Lawrence Allen Wright, 46, Niceville, Florida, was sentenced to 75 months in federal prison and ordered to pay more than $3.7 million in restitution.
Jose Filgueiras, 43, and his wife, Raquel Filgueiras, 39, both of Miami, Florida, were sentenced for their roles in a $2.4 million mortgage fraud scheme.
Seven defendants have been charged with running an alleged mortgage fraud scheme which resulted in the approval of approximately $49.6 million in fraudulent loans, and millions in losses to the lenders, including Bank of America, Regions Bank, SunTrust Bank, and Wachovia Bank. The properties referred to in the indictment consist of multiple vacant lots in a community development in North Carolina.
Gregory Wayne Eagle, 63, Cape Coral, Florida, was sentenced by U.S. District Judge John E. Steele to six years in federal prison for bank fraud, mail fraud, and wire fraud.