Archives For Nevada

Derrick Phelps, 46, Katy, Texas, and his wife, Cynthia Phelps, 44, who owned two mortgage service businesses in Henderson, Nevada, have been sentenced to prison for their roles in a mortgage fraud scheme that caused over $30 million in losses to federally insured financial institutions.

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George Christo George, 55, Las Vegas, Nevada, pleaded guilty to mortgage fraud in a case involving defrauding several Northern Nevadans together of more than $238,000 through elaborate schemes that included bogus real estate deals with a fictitious wealthy sheikh and investments in a luxury downtown Reno, Nevada high rise.

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Jose Christian Delgado, 39, Las Vegas, Nevada, was arrested in connection with his involvement in a mortgage lending fraud scheme involving five known victims.

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Steven E. Jones, 56, a family court judge, and four co-defendants pleaded guilty to conspiracy charges for defrauding over 22 people of millions in an investment fraud scheme involving real estate transactions.  As part of his plea agreement with the government, Jones agreed to step down from the bench and surrender his law license to the State Bar of Nevada.

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William Chrissikopoulos, 43, Las Vegas, Nevada; and Lynda Finch-Estrada, 54, Las Vegas, have been arrested on a warrant for various felony theft and fraud charges involving alleged operation of a mortgage lending fraud in Las Vegas.

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Fiorella Sophia Tealdo, 47, Las Vegas, Nevada, was arrested in connection with a mortgage lending fraud scheme in which three victims paid up-front fees ranging from $1,800 – $4,210 toward their mortgage loan modifications, which were never completed.

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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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Mark Edward Shelton, 45, Las Vegas, Nevada, was indicted by a Clark County Grand Jury for loan fraud on June 24, 2014.

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Deon Derrick Derrico, 43, North Las Vegas, Nevada, and Olujuwon Devin Bryant, 23, North Las Vegas, were charged with multiple felony counts for their involvement in a fraudulent title scheme wherein they allegedly forged quitclaim deeds for the purposes of collecting rent from unsuspecting tenants.

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Carmen Denise Mosley, 43, Granada Hills, California, a licensed accountant, was convicted following a five-day jury trial of conspiracy and fraud charges for participating in a mortgage fraud scheme in southern Nevada and causing approximately $1.6 million in losses to federally insured financial institutions.

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