David Zak, Revere, Massachusetts, has been ordered to pay $233,600 for discriminating against a group of seventeen Latino homeowners by targeting them with predatory and deceptive mortgage modification advertising.
Archives For Loan Modification
Dean Gregory Chandler, 50, Fallbrook, California, and Michael Eccles, 35, Vista, California, were sentenced to 12 and 5 years in prison, respectively, for their roles in defrauding more than 3,000 homeowners across the nation through a sham law firm in Oceanside, California.
Stephen Choate, 62, Pahrump, Nevada, was sentenced on a charge of pattern of mortgage lending fraud. Choate ran a scam between November 2010 and February 2012, to defraud clients of $11,500 in fees under the guise that he would obtain loan modifications for them.
Constance Kanary, 52, Toledo, Ohio, is the subject of a two-count indictment charging her with participating a fraudulent home loan modification conspiracy.
Michael Pelimiano Soriano, 45, Irvine, California, Agustin Navarra Alayon, 52, Canoga Park, California, and Joseph Anthony Q. Oliva, 50, San Jose, California, a real estate broker and two real estate agents who worked together, have been charged with grand theft in a loan modification scheme.
Jonathan L. Herbert, 36, Lighthouse Point, Florida, was sentenced to 140 months in federal prison for wire fraud concerning his bogus loan modification programs that duped struggling homeowners into sending their mortgage payments to him.
Stephen Lyster Siringoringo, 34, Westminster, California, Joshua Michael Cobb, 32, and Alfred Orn Clausen, 41, Rancho Cucamonga, California have been charged for their alleged involvement in a major loan modification fraud scheme that resulted in losses of over 44 million dollars by unsuspecting victims.
Six individuals have been charged with violations of federal law in what the indictment alleges was a scheme to market and sell home loan modification services to distressed homeowners trying to save their homes from foreclosure following the financial crisis of 2008. Investigators believe the alleged scheme involved more than 10,000 victims in nearly every state in the country with losses of more than $33 million.
Martin Wayne Flanders, 50, formerly of Roseville, California, and Ligia Sandoval Spafford, 48, Roseville, pleaded guilty to mail fraud for their participation in a loan modification fraud scheme that targeted distressed homeowners. The couple used Ghost offers – i.e., fictitious offers to purchase the victim’s property through short sale – and skeleton bankruptcies – i.e., sham bankruptcy petitions that were quickly dismissed, to defraud homeowners.
Jeffrey Charles Leroy Taylor, 40, Fort Lauderdale, Florida, resident was sentenced by U.S. District Judge Kenneth Marra to 36 months in prison, to be followed by two years of supervised release and was ordered to pay $350,470.00 in restitution, for his role in managing a loan modification scheme.