Vathany Teng, 43, and Lina Ma, 55, both of Plano, Texas, were sentenced for their roles in a loan fraud scheme they ran from August 2007 to April 2008 that resulted in the total funding of more than $3 million in fraudulent loans.
Archives For Loan App. Misreps
Eric Sijohn Brown, 46, Philadelphia, Pennsylvania, pleaded guilty to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services.
Seven individuals have been indicted in the Southern District of Florida for their alleged participation in a mortgage fraud scheme in the Miami, Florida area.
Jill Dail, 59, Cambridge, Maryland, was sentenced by U.S. District Judge J. Frederick Motz to 16 months in prison, followed by five years of supervised release, for bank fraud in connection with a scheme in which she and her brother, Jeffrey Scott Dail, fraudulently obtained mortgage loans in the names of family members, using the proceeds for their own benefit.
Mark Thomas Bowe, Jr., 56, Jonesboro, Georgia, was sentenced by Chief United States District Judge James C. Dever, III to a 42-month term of imprisonment, followed by five years of supervised release, on count one of an indictment charging Bowe with conspiracy to commit bank and wire fraud, in violation of Title 18, United States Code, Section 1349.
Walter Ryan Macapaz, 36, Houston, Texas, has been ordered to prison along with Tony David Maldonado, 33, Houston, a businessman, and Buffy Marie Lawrence, an attorney and former mortgage loan officer, for their roles in a scheme to defraud residential mortgage lenders of more than $22 million in loans.
Alexander A. Romaniolis, 48, Irvine, California, was sentenced by United States District Judge Troy L. Nunley to 30 months in prison and a $17,500 fine, and forfeiture of over $400,000 for mortgage fraud.
Jeffrey Witt, St. Charles, Missouri, was arrested on an indictment charging him with falsifying documents to obtain a line of credit on a St. Louis County, Missouri, home which did not belong to him, as well as aggravated identity theft.
Sarah Kate Henecke, 35, also known as Alessandra Valencia Toscanelli, Las Vegas, Nevada, pleaded guilty to making a false statement on a residential loan application to the Department of Housing and Urban Development.
Robert Serao, 48, Bayville, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy in which he used his position as a loan officer of Wells Fargo Home Mortgage, Inc. to get the company to release more than $4.6 million based on fraudulent mortgage loan applications.