Archives For Illinois

John Thomas, 51, Chicago, Illinois, a real estate developer, was arrested on federal charges alleging that he defrauded the south suburban Village of Riverdale of funds provided for the redevelopment of the now closed Riverdale Marina. The defendant allegedly fraudulently obtained approximately $370,000 for himself from $900,000 in financing.

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Mark P. Troehler, 39, Herrin, Illinois, was sentenced in United States District Court in Benton, Illinois, on one count of Bank Fraud.

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Jamal E. Lawson, Sr., 44, Duluth, Georgia, who victimized others in a so-called advance-fee loan fraud scheme, was sentenced to more than four years in federal prison after being convicted at trial.

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Robert D. Falor, 48, Chicago, Illinois, the former manager of a defunct Chicago-based real estate company that acquired and managed hotels, was sentenced to more than six years in federal prison for evading more than $1.7 million in federal income taxes and siphoning millions of dollars from the Blake’s operations at the expense of a lender, city and state taxing authorities, union employees, and other creditors and vendors to support a lavish lifestyle that included multi-million dollar homes, luxury cars, boats, and planes.

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Melvin T. Bell, 37, aka “Alex Crown,” “Minister Bey,” “Sovereign King Bey,” “King Bey,” and “S.K. Bey,” Monica Hernandez, 43, a former licensed real estate broker, and Carlos Rayas, 39, Aurora, Illinois, who operated Washington National Trust, an licensed trust and/or mortgage company, are facing federal fraud charges for allegedly swindling approximately $220,000 from at least 54 homeowners after falsely promising to save their homes from foreclosure and lower their monthly mortgage payments. Both Bell and Hernandez were last known to reside in Oswego, Illinois.

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Laurance H. Freed, 51, Chicago, Illinois, and Caroline Walters, 53, of Palatine, Illinois, two executives of a prominent Chicago real estate development company, were indicted on federal fraud charges alleging that they lied about and concealed unpaid property taxes, the double-pledging of public financing notes issued by the City of Chicago, and the company’s default on those notes so they could secure credit extensions and payments from the city at a time when they knew their firm was having serious financial difficulties.

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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.

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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.

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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.

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