Archives For New Mexico

Fraudsters are advertising by mailings and phone calls, including a mailing titled “Payment Reduction Notification.” The scammers are using documents that have a Making Home Affordable logo and appear to set out a payment plan to reinstate the loan or modify the loan terms.

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Derek Barnhill, 49, Rio Rancho, New Mexico, was sentenced to three months in federal prison, followed by three years of supervised release, which is to include nine months of home confinement, for his bank fraud and money laundering conviction.

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Keith Michael Courtney, 31, Albuquerque, New Mexico, a real estate broker, and Jason Johns, 40, Albuquerque, New Mexico, a loan officer, will be serving federal prison sentences for their wire fraud convictions.

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Vincent J. Garcia, 61, Albuquerque, New Mexico, a real estate developer, was sentenced to 27 months in federal prison followed by five years of supervised release for his bank fraud conviction. Garcia also was ordered to pay $722,543.76 in restitution to the banks that were the victims of his criminal conduct.

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Keith Michael Courtney, 31, Albuquerque, New Mexico, was found guilty by a federal jury of wire fraud charges after a three-day trial.

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Manuel Garcia, 70, Los Angeles, California, was sentenced in Santa Fe, New Mexico district court, to a 13-month prison sentence, to be followed five years of supervised release, for his bank fraud conviction.

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Douglas F. Vaughan, 64, Albuquerque, New Mixico, pled guilty to wire and mail fraud charges that involved his operation of a real estate investment Ponzi scheme in which he fraudulently obtained more than $74 million from approximately 600 investors who were promised extraordinary returns.

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Manuel Garcia, 69, who now resides in Los Angeles, California, entered a guilty plea to an indictment charging him with six counts of bank fraud.

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Kevin Powers, 51, Albuquerque, New Mexico, a real estate agent, was sentenced in United States District Court to a 56-month term of imprisonment for his conviction on 17 counts of wire fraud in connection with an unlawful scheme to defraud mortgage lenders and to obtain over $5.5 million in loan proceeds through false pretenses, misrepresentations, and omissions.

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Vincent J. Garcia, 59, Albuquerque, New Mexico, a real estate developer, pleaded guilty to committing bank fraud in the amount of $365,677 under a plea agreement with the United States Attorney’s Office.

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