Nathan Smith, Patrick Steven, Jason Springer, Rick Makohoniuk, and Jerod Hogan, have each been indicted and charged with bank fraud based on their participation in an alleged fraudulent property flipping scheme in Des Moines, Iowa.
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Jamie Bowers-Danielson, 35, and Matthew Danielson, 36, Ankeny, Iowa, were sentenced for their involvement in a mortgage fraud scheme.
Paul Kramer, 43, Granger, Iowa, was sentenced on August 19, 2013, by Chief United States District Judge James E. Gritzner to 90 months in prison for wire fraud, bank fraud, and conspiracy. Judge Gritzner also sentenced Kramer to five years of supervised release following incarceration.
Bobbi Jo Wojewoda, 46, Grimes, Iowa, was sentenced by United States District Court Chief Judge James E. Gritzner to 18 months in prison for conspiracy to commit bank fraud. Judge Gritzner also sentenced Wojewoda to serve 60 months of supervised release following the completion of her prison term.
Michael Saad, 49, an Iowa resident, was sentenced to six months’ imprisonment, followed by six months’ home confinement, for willfully overvaluing property for the purpose of influencing a federally insured credit union.
Lane Anderson, 38, was sentenced to four years imprisonment for conspiracy to commit bank fraud and wire fraud in connection with a straw buyer scheme.Continue Reading...
Randal L. Walters, Des Moines, Iowa, a real estate developer, was sentenced to twelve months and one day in prison for his participation in a bank fraud scheme.
Thomas Richard Jager, 64, Bettendorf, Iowa, has been charged with drafting and faxing false remittance reports to investors in mortgage pools and submitting false end of the year reports to mortgagors.
Walter R. Zimmerer, III, age 70, Colts Neck, New Jersey, formerly owner of Zimmerer Custom Homes in LeClaire, Iowa, was sentenced by United States District Judge Stephanie M. Rose to one-month imprisonment and 12 months home confinement, having previously pleaded guilty to nine counts of bank fraud.
Paul Kramer, 42, Granger, Iowa, was found guilty by a federal jury of 18 counts of wire fraud and bank fraud in connection with multi-million dollar mortgage fraud schemes that resulted in innocent homeowners, including a refugee from Iraq andhis family, nearly losing their homes to foreclosure.