Archives For Illinois

James Currey, 55, Orlando, Florida, pled guilty to one count of conspiracy to commit mail and wire fraud in connection with a telemarketing scam wherein the defendant targeted timeshare owners and falsely promised a buyer for their properties in exchange for a fee.

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Kathleen Niew, 59, Burr Ridge, Illinois, a real estate attorney and radio talk show host was sentenced to 70 months imprisonment for stealing approximately $2.34 million from her clients that was intended for commercial real estate closings.

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Steven J. Moorhouse, 62, Sandwich, Illinois, pleaded guilty before U.S. District Judge Frederick J. Kapala to a charge of making a false statement to a financial institution.  Moorhouse admitted providing a lender with false documents concerning his business assets.

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Jonathan L. Herbert, 36, Lighthouse Point, Florida, has been charged with wire fraud for conducting a home loan modification scam that targeted individuals who were having difficulties making their mortgage payments.

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Martin E. Schmidt, Jr., 57, Beecher, Illinois, and Donna M. Barber, 53, also of Beecher, have pleaded guilty to federal charges for fraudulently creating false reports that made it appear that the bank’s loan portfolio was in better shape than it actually was.

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Warren Ballentine, 43, Durham, North Carolina, an Illinois lawyer and Internet radio talk show host, was convicted on federal charges for engaging in two mortgage fraud schemes that defrauded lenders of a total of approximately $9.7 million.

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Robert J. Lunn, 64, Chicago, Illinois, an investment advisor, was convicted of federal bank fraud charges for engaging in a scheme to defraud Leaders Bank and two of his clients of more than $3.2 million and ultimately causing the bank to lose more than $2.7 million.

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Cherron Marie Phillips, a/k/a River Tali, 43, Chicago, Illinois, ended after two years of federal prosecution with Phillips being sentenced to a seven year prison term for knowingly filing false liens against the property of a dozen current and former federal employees in retaliation for their involvement in the investigation and prosecution of her brother, Devon Phillips.

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Anshoo Sethi, 30, Chicago, Illinois, a property developer, was indicted on federal charges for allegedly exploiting a U.S. visa program to fraudulently raise approximately $160 million from some 290 Chinese nationals who invested in the project while seeking U.S. residency.

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Bruce Hawkins, 64, Denver, Colorado, the former owner of a home building company that went bankrupt in 2008, leaving unfinished a commercial and residential property development, was sentenced to 15 months in federal prison for bank fraud related to the collapse of the project, known as Riverside Square.

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