Archives For Loan App. Misreps

Soo Kyung Hong, aka Maria Hong, 48, Los Angeles, California, was sentenced to three years in federal prison for orchestrating a scheme that led to the fraudulent purchase of four properties worth more than $2 million.

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Kevin Patrick Sluga, 60, and his wife, Leslie Sluga, 57, Bakersfield, California, have been sentenced for their roles in the Crisp & Cole mortgage fraud scheme wherein the defendants and other individuals defrauded lenders by causing materially false and fraudulent statements to be submitted in mortgage loan applications and related documents to obtain loans from lenders for property purchases.

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Luis Michael Mendez, 44, and Wilkie Perez, 39, both of Miami, Florida, pleaded guilty to participating in a mortgage fraud scheme involving the sale of condominium units to straw buyers in the Miami area.

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Roger Dean Bailey, Jr., 41, Hickory, North Carolina, was sentenced to 30 months in prison for his role in a mortgage and consumer fraud conspiracy involving manufactured and modular homes.  From 2004 to 2008, Bailey was involved with the origination of up to 154 fraudulent HUD/FHA-insured mortgages.

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Manjur Alam, 47, Wichita, Kansas, was sentenced to six years in federal prison for a mortgage fraud scheme wherein he submitted false verification of rent and submitted a false letters of credit to lenders for nominal buyers.

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Matthew Amato, 31, Broomall, Pennsylvania, pleaded guilty to one count of making false statements to banks. Amato admitted lying to three lenders for the purpose of influencing the actions of the banks upon lines of credit for which he had applied.

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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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Carmen Denise Mosley, 44, Granada Hills, California, an accountant, was sentenced to 57 months in federal prison and ordered to pay approximately $1.1 million in restitution for her role in a mortgage fraud scheme in southern Nevada. The defendant conspired to obtain mortgage loans from financial institutions by causing materially false information to be placed in the buyers’ mortgage loan applications and supporting documentation.

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Matthew Amato, 31, Philadelphia, Pennsylvania, was charged in an criminal Information with one count of making false statements to banks. Amato allegedly made false claims to influence lenders to approve his loan application.

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Shola Risikat Balogun, 48, Upper Marlboro, Maryland, was sentenced by U.S. District Judge Peter J. Messitte to 37 months in prison followed by three years of supervised release for conspiring to commit wire fraud in connection with a mortgage fraud scheme that she organized and managed, which resulted in over $1.352 million of actual losses to mortgage lenders.

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