Erroll Davis, 52, Chicago, Illinois, a former police lieutenant who allegedly played a role in a mortgage fraud scheme has pleaded guilty to to one count of making false statements in a tax return.
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Nine defendants have been indicted in two separate mortgage fraud cases. Seven defendants were charged together in one case, and two in the second case, together alleging schemes to fraudulently obtain at least four residential mortgage loans totaling more than $1 million from lenders.
Everett Pope, aka Jonathan Pincuss, 38, Bolingbrook, Illinois, and Colbi Andry, aka Richard Lockwell and Rich Ingram, 38, Chicago, Illinois, who allegedly operated various loan modification businesses, have been indicted and charged with obtaining thousands of dollars in advance fees, purportedly to help individuals modify their existing home mortgage loans, but then failing to provide the services they promised.
Bryson John Russell, 66, Lincoln, Illinois, former president of a Logan County bank, was sentenced by U.S. District Judge Richard Mills to serve 30 months in federal prison for embezzling more than $500,000 from Hartsburg State Bank and hiding it by creating loans in the names of various customers and relatives.
Robert Michael, 62, Chicago, Illinois, an owner of Chicago realty business who formerly was also the chief executive of a failed Chicago bank was arrested on federal bank fraud charges involving an alleged scheme to illegally provide a $650,000 mortgage for the purchase of a south side apartment building. Erroll Davis, 52, Chicago, a police lieutenant who allegedly played a role in the scheme was charged in the same indictment with federal income tax fraud.
Everett Pope, aka Jonathan Pincuss, 38, Bolingbrook, Illinois, and Colbi Andry, aka Richard Lockwell and Rich Ingram, 38, Chicago, Illinois, who operated various businesses at multiple Chicago area locations since at least 2009 are facing federal fraud charges for allegedly charging thousands of dollars in advance fees, purportedly to help individuals modify their existing home mortgage loans, but then failing to provide the services they promised.
Marcin Malarz, 48, formerly of Lake Forest, Illinois, a former securities broker, and and Arthur Lin, 39, Palatine, Illinois, his associate in a real estate business that converted apartments into condominiums, were indicted for allegedly fraudulently raising more than $9 million from approximately 25 investors and misappropriating a substantial portion of the money, resulting in a loss of at least $5.5 million.
Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders.
Kathleen Niew, 57, Burr Ridge, Illinois, an attorney who operated Niew Legal Partners LLC and whose law license was suspended in May 2013, was arrested on federal fraud charges for allegedly misappropriating approximately $2.34 million from a husband and wife who were her clients.
Tyree Davis Sr., Flossmoor, Illinois, was arrested on an eight-count indictment charging him with obstruction of justice and filing fraudulent multi-billion-dollar liens against government employees. The indictment was returned on July 24, 2013, by a federal grand jury in Chicago.