Archives For Investment Scams

Marie Mikesche Bontigao, 43, West Chester, Pennsylvania, was charged by indictment for her alleged role in a fraud scheme wherein she solicited individuals to invest in her real estate projects but, instead of investing the lenders’ money in real estate, the funds were used to operate her business and pay personal expenses

Continue Reading…

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…

Steven Russell Hart, 55, Madill, Oklahoma, was sentenced to serve 33 months in prison for defrauding an investor of more than $700,000 to pay for construction that never took place, including five houses that did not exist.

Continue Reading…

Jose Christian Delgado, 39, Las Vegas, Nevada, was arrested in connection with his involvement in a mortgage lending fraud scheme involving five known victims.

Continue Reading…

Ronnie Singleton, 41, Lithonia, Georgia, a business owner who held himself out to be an investor and loan broker was sentenced to 27 months in prison for his role in defrauding investors of more than $800,000.

Continue Reading…

Kenneth J. Enrico, 47, Bohemia, New York, has been sentenced to 12 years in prison for posing as a mortgage broker to defraud over 300 borrowers nationwide out of $1.2 million in application fees for loans that he could not close.

Continue Reading…

Michael John Mangan, 43, owner of multiple Minnesota-based businesses, has been indicted and charged with four counts of wire fraud and three counts of mail fraud for allegedly stealing over $1 million of real estate investment funds and loans.

Continue Reading…

Matthew Wada, 36, New York, New York, and Jennifer York, 27, Suffern, New York, have been indicted for engaging in an apartment rental scam that defrauded more than 20 victims – many of whom were moving to New York City for the first time – out of approximately $60,000 dollars.

Continue Reading…

Steven E. Jones, 56, a family court judge, and four co-defendants pleaded guilty to conspiracy charges for defrauding over 22 people of millions in an investment fraud scheme involving real estate transactions.  As part of his plea agreement with the government, Jones agreed to step down from the bench and surrender his law license to the State Bar of Nevada.

Continue Reading…

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.

Continue Reading…