Archives For Florida

Joseph Pasquale, 38, Worcester, MA, has been charged with with one count of mortgage fraud conspiracy involving bank fraud and two counts of bank fraud. He faces a maximum penalty of 30 years’ imprisonment for each count.

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Marie Lucie Tondreau, a/k/a Lucie Tondreau, 54, North Miami, Florida, the former North Miami Mayor, was sentenced by United States District Judge Robert N. Scola for her participation in a multi-million dollar mortgage fraud scheme.

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Lana Dargai, Estero, Florida, former title agent has been arrested for allegedly stealing more than $705,000 in client funds intended for real estate transactions. As a result of her fraudulent actions, the underwriter for the funds was forced to cover the losses.

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Andrew Mangini and First Solutions Inc., d/b/a Credit One, are the subjects of an administrative complaint alleging that they illegally assessed advance fees for loans. As part of the administrative complaint, a $700,000 fine has been sought as well as a notice of intent to issue a cease and desist order.

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Hencorp Becstone Capital L.C., Miami, Florida, has agreed to pay $3.8 million to resolve allegations under the False Claims Act that it made false statements and claims to the Export-Import Bank of the United States in order to obtain loan guarantees.  Continue Reading…

Enrique Hernandez, 34, Miami, Florida, pleaded guilty to conspiracy to commit bank and mail fraud in connection with a scheme to inflate purchase prices and share kickbacks with his conspirators.The properties purchased in the scheme were subsequently allowed to fall into foreclosure.

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Fraudulent investment property schemes are on the rise in the form of straw borrowers, abnormally high appraisals, evasion of purchase guidelines and large numbers of purchased properties. Real estate investment scams typically spread by word-of-mouth and require people to invest large sums of money in investment properties. These types of scam promise a large increase in the value of the property resulting high returns or unusually high interest on contributed funds.

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Mark Gardner, 28, Osteen, Florida, and Tammie Lynn Cline, 32, Leominster, Massachusetts, have been charged with one count of conspiracy, five counts of wire fraud, and four counts of money laundering for their alleged role in convincing time share owners to pay a fee in exchange for a prospective buyer.

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James Sotolongo, Christopher Mencis, and Stephanie Musselwhite were sentenced for their roles in a complex mortgage fraud scheme that defrauded lenders out of more $35 million.

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James Fidel Sotolongo, 49, Port Orange, Florida, Stephanie Musselwhite, 52, Daytona Beach, Florida, and Christopher Mencis, 53, Longwood, Florida, were sentenced by United States District Court Judge John A. Jarvey for their respective roles in a mortgage fraud scheme wherein they ripped off $9.3M from JP Morgan Chase, $1.6M from Wells Fargo and $1.5M from Bank of America.

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