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.
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J. Patrick Brester, 41, Sarasota, Florida, was sentenced by U.S. District Judge Richard A. Lazzara to six years in federal prison for conspiring to commit wire fraud affecting a financial institution, and committing wire fraud affecting a financial institution.
Robert Thomas, 36, Lakeworth, Florida, was sentenced to 40 months in federal prison for knowingly participating in a fraudulent telemarketing scam that victimized timeshare owners nationwide.
Bhardwaaj “Deo” Seecharan, 53, Orange County, Florida, was sentenced for his participation in an extensive mortgage fraud scheme.
Patrick J. Mansell, 68, Boca Raton, Florida, Vice President of Coastal States Mortgage Corporation, was sentenced to a statutory maximum penalty of five years in prison, followed by three years of supervised release. Mansell previously pled guilty to conspiracy to commit wire fraud to defraud government sponsored entities, Fannie Mae and Freddie Mac.
Quelyory A. Rigal, 38, Homestead, was sentenced to 200 months in prison, followed by five years of supervised release by U.S. District Judge William J. Zloch.
Five former real estate executives have been charged with defrauding investors into believing they were funding the development of five-star destination resorts in Florida and Las Vegas when they were actually buying into a Ponzi scheme.
Chad Allen Lazzari, 45, Tarpon Springs, Florida, was sentenced by U.S. District Judge James D. Whittemore to 15 months in federal prison for wire fraud and making false statements to federally-insured banks.
Pedro Benevides, 44, Astatula, Florida, has been indicted and charged with conspiracy to commit bank fraud, nine counts of bank fraud, and nine counts of making false statements to financial institutions. If convicted, Benevides faces a maximum penalty of 30 years in federal prison and a $1million fine for each of the nineteen charged counts.
Mark S. Farhood, 49, formerly of San Diego, California, and Jason S. Sant, 38, Lecanto, Florida, were sentenced for their roles in operating a nationwide online foreclosure rescue scam that went by various names, including Home Advocate Trustees and Walk Away Today, and used various websites, including walkawaytoday.org and sellfastusa.com, to deceive hundreds of vulnerable, distressed homeowners into surrendering their properties to the company.