Cynthia Hosbrook, 41, and Robert Hosbrook, 52, both of Henderson, Nevada, a husband and wife who worked as real estate agents in southern Nevada, have pleaded guilty to bank fraud charges in connection with several residential short sale transactions that resulted in over $350,000 in losses to Wells Fargo and Freddie Mac.
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David M. Mark, 37, New Orleans, Louisiana, a lawyer who worked in Las Vegas, Nevada, as a real estate agent, was sentenced to three years in prison for his conviction on conspiracy and fraud charges related to his involvement in a mortgage fraud scheme involving hundreds of Las Vegas homes and more than $50 million in losses.
James Timothy Malis, 66 and son Nicholas Malis, 37, both of Las Vegas, Nevada, were indicted by a Clark County grand jury on several felonies in connection with their operation of a mortgage fraud scam.
Theresa Marcianti, 60, Las Vegas, Nevada, a real estate escrow officer, was convicted of conspiracy and fraud charges for her involvement in a mortgage fraud scheme that caused millions of dollars in losses to the lenders and financial institutions.
Gerry Zobrist, 43, Las Vegas, Nevada, an attorney, was sentenced to 87 months in prison for his involvement in a mortgage fraud scheme that caused more than $30 million in losses to lenders.
George Christo George, 54, Las Vegas, Nevada, has been charged with defrauding Northern Nevadans in real estate and mortgage scams.
Kamalu Gonzales, 47, Henderson, Nevada, a former loan officer who convinced over 30 victims to give him money for a high yield investment scheme involving the foreign currency exchange market, has pleaded guilty to federal fraud and money laundering charges.
George Anderson, 55, Copperopolis, California, a man who orchestrated a double escrow mortgage fraud scheme involving eight houses in the Las Vegas, Nevada area, has been sentenced to 5½ years in federal prison, three years of supervised release, and ordered to pay over $3.5 million in restitution.
Paul Wagner, 59, Las Vegas, Nevada, a homebuilder has been sentenced to 14 years in prison, five years of supervised release, and ordered to pay $4.4 million in restitution for selling houses at inflated prices in order to fraudulently obtain mortgage loans.
Jawad “Joe” Quassani, 42, Las Vegas, Nevada, a mortgage agent, has been convicted for his role in a “cash back at closing” mortgage fraud scheme that netted $1.43 million in fraudulent mortgage loans.