Bruce Swisshelm, 68, Battlefield, Missouri, and his son, Bruce Swisshelm II, 43, Springfield, Missouri pleaded guilty in two separate but related cases, to their roles in a more than $5.5 million bank fraud scheme. Swisshelm pleaded guilty to bank fraud and money laundering. Swisshelm II pleaded guilty to misprision of a felony. Continue Reading…
Archives For Missouri
Joseph Brogan, St. Louis, Missouri, was sentenced to 14 months in prison and ordered to pay more than $350,000 in restitution after pleading guilty to multiple fraud charges related to a scheme involving applications for home loans.
According to court documents, Brogan was employed as a loan officer for USA Mortgage, Inc. where he handled both conventional mortgages and FHA loans. Michael Wallis owned and operated a company known as Missouri Builders and Home Remodeling (Missouri Builders), which performed interior construction and remodeling work on houses. Continue Reading…
Bryan Binkholder, 43, Wentzville, Missouri, was sentenced to 108 months in prison on multiple fraud charges involving his financial planning and investment strategy businesses. In addition to the prison sentence, he was also ordered to pay $3,655,980 restitution to the victims.
Mark Avalos, 50, St. Peters, Missouri, was sentenced to five years probation and ordered to pay $497,000 in restitution after pleading guilty to bank fraud charges relating to his work as the controller for The Mortgage Store (TMS) in 2008. In imposing sentence, United States District Judge Henry E. Autrey noted Avalos’s cooperation in the criminal investigation into the collapse of TMS in 2008.
John York, Wentzville, Missouri, was sentenced to 21 months in federal prison on charges of conspiracy to defraud the United States through his business, The Mortgage Store, Inc., in 2008.
Tri-State Holdings-32, LLC, and principals Brandon Miller and Tony Caldwell, are the subject of a lawsuit for allegedly running a scam house-flipping business. The suit alleges that they quickly flipped homes and sought new buyers to purchase homes already sold to other consumers who had stopped paying. Existing homeowners often found that deeds had not been recorded in their name, offering no protection from the house being resold out from under them.
Teresa Jean Whitten, 41, Claycomo, Missouri, who operated a real estate business, was sentenced in for her role in a $5 million mortgage fraud scheme wherein she claimed to have a program through which people could purchase houses without putting money down and could qualify and obtain mortgage loans for which they would not otherwise qualify.
Ronald L. Roberts, 54, Town and Country, Missouri, was sentenced to 68 months imprisonment on charges of mail and wire fraud in connection with his obtaining more than a million dollars from lenders in a loan fraud scheme.
Joseph Brogan, 41, St. Louis, Missouri, pled guilty to multiple fraud charges related to a scheme involving applications for home loans.
Terri Lynn Johnson, 50, Columbia, Missouri, former branch manager of Landchoice Company, LLC, has been sentenced in federal court for a $576,000 mortgage fraud and embezzlement scheme.