Archives For Loan App. Misreps

Evelyn Brigget Sanchez, 32, and Darling Arlette Montalvo, 33, both of Bakersfield, California, were convicted by a federal jury for their involvement in an extensive mortgage fraud scheme that ran from October 2005 to May 2007.

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Daniel Lee Rosales, 21, Killeen, TX, was sentenced to two years in federal prison for stealing money from U.S. Army soldiers though a fraudulent loan scam.

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Peter W. Hayes, 49, Newark, Delaware, pleaded guilty to one count of accepting a gift for procuring loans, in violation of Title 18, United States Code, Section 215. United States District Judge Richard G. Andrews scheduled a sentencing hearing for March 17, 2015, at 9 a.m.

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Christopher Wayne White, 44, Fort Lauderdale, Florida, pled guilty in three separate fraud cases before U.S. District Judge William P. Dimitrouleas involving escrow fraud, making false statements to a lender in connection with the purchase of a luxury home as well as false statements on his naturalization application.

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Malgorzata Karas-Golka, also known as Margaret, 46, Newington, Connecticut, and Carmelinda Marotta, also known as Linda, 45, Manchester, Connecticut, pleaded guilty to one count of bank fraud related to an extensive mortgage fraud scam wherein the defendants falsified loan applications and HUD-1 Settlement Statements. Continue Reading…

Brandon Lynn Barber, 38, New York, New York, was sentenced to 65 months in prison and three years of supervised release for conspiracy to commit bankruptcy fraud, conspiracy to commit bank fraud, and money laundering for his role in providing false and fraudulent financial information and statements to Lenders in connection with loans to finance real property developments.

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Derryl L. Tanner, 47, Euclid, Ohio, and Julie A. Becker, 39, Cleveland, Ohio, are the subjects of a six-count indictment charging them of engaging in a $2.1 million mortgage-fraud scheme involving a Westlake, Ohio, home.

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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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Emiel A. Kandi, 37, University Place, Washington, a former hard money lender, was sentenced in U.S. District Court to five years in prison, three years of supervised release and $831,607 in restitution for structuring some hard money loans to allow him to seize control of a home if the borrower missed a single payment, in others he submitted false information to lenders regarding the borrowers’ employment, salary, and intention to live in the home.

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Patrick J. Belzner, a/k/a Patrick McCloskey, 45, Selbyville, Delaware, was sentenced by U.S. District Judge J. Frederick Motz to 15 years in prison followed, by three years of supervised release, on charges of wire fraud conspiracy, wire fraud and tax evasion for his role in a scheme to rip off investors by promising to secure large loans in exchange for substantial sums deposited in an escrow bank account.

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