Archives For Florida

Lawrence Foster, 49, Miami Beach, Florida, the President of Paradise is Mine, was found guilty by a federal jury of conspiring to commit wire fraud and seven counts of wire fraud, and Johana Leon, 38, Miami Beach, a corporate officer of Paradise is Mine, was found guilty of three counts of structuring currency transactions, for their roles in soliciting funds from investors promising that Paradise is Mine owned land and would use investor funds to develop the island of Rum Cay in the Bahamas, but instead used the money for personal use.

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Bell Holdings, Inc., and Bimija Limited Partnership, are the subjects of Administrative Complaints issued by the Florida Office of Financial Regulation charging each company with unlicensed mortgage lending activity.

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Guillermo Rincon, 36, Miami, Florida, and Enrique Hernandez, 34, Tampa, Florida, have been indicted and charged with one count of mortgage fraud conspiracy involving mail and bank fraud, and other related substantive charges, for allegedly inflating purchase prices and sharing the proceeds amongst the conspirators.

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Barry J. Graham, 59, Ft. Lauderdale, was charged by superseding information with conspiracy to commit bank fraud, in violation of Title 18 United States Code, Section 371, in connection with a $300 million Ponzi scheme involving the sale of vacation rental units to approximately 1,400 investors in the Florida Keys and elsewhere. Continue Reading…

Domenico “Dom” Rabuffo, 78, Miami, Florida, was sentenced by Chief United States District Judge K. Michael Moore for his role as a leader and organizer of a $49.6 million bank fraud and wire scheme, perpetrated from approximately 2003 through 2008.

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Jason Vitulano, 39, Boca Raton, pled guilty before U.S. District Judge Kenneth Marra to charges of conspiracy to commit mail fraud and wire fraud, and mail fraud, in violation of Title 18, United States Code, Sections 1349 and 1341, admitting his role as ringleader of a loan modification scheme.

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Fred Davis Clark, Jr., a/k/a Dave Clark, 56, and Cristal R. Clark, a/k/a Cristal R. Coleman, 41, both formerly of Monroe County, Florida, were charged in a superseding indictment with conspiracy to commit bank fraud and multiple counts of bank fraud, in connection with a $300 million fraud scheme involving the sale of vacation real estate units to approximately 1,400 investors in the Florida Keys and elsewhere.

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Douglas Carter and James Spillers have been arrested by the Collier County, Florida, Sheriff’s Office for allegedly operating an advance fee for loan scheme targeting victims throughout the United States and Canada.

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The owner of a Florida mortgage company, seven employees of the company and two real estate developers were indicted in the Southern District of Florida in connection with an alleged $50 million mortgage fraud scheme.

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Robert Bacon, 35, West Newbury, Massachusetts, was sentenced by U.S. District Judge Kenneth Marra to 72 months in prison, to be followed by three years of supervised release and payment of restitution in an amount to be determined. Bacon is one of ten defendants in a scheme to bilk thousands of homeowners who were struggling to make their mortgage payments.

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