Archives For New York

Steven Essig, Syracuse, New York, a licensed appraiser and the owner of an appraisal company in Syracuse, pleaded guilty to a felony charge stemming from making false entries in an appraisal report. The falsified report was used to obtain a mortgage as part of a million dollar mortgage fraud scheme.

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Poppi Metaxas, 62, Hillsborough, California, the former President and Chief Executive Officer of Gateway Bank, FSB, pleaded guilty to conspiracy to commit bank fraud for her role in defrauding the bank of more than $1.8 million in the aftermath of the financial crisis.

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Semyon (a/k/a Sam) Muratov, 34, and Yuriy (a/k/a Erick) Munarov, 31, both of Forest Hills, Queens, New York, the winning bidders at a foreclosure auction, have been charged with illegally evicting a homeowner from his lawful residence and then breaking-in and boarding up doors and windows prior to legally assuming ownership and taking possession of the property.

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Theresa Sanders, 56, most recently of Westerville, Ohio, pleaded guilty to residential mortgage fraud, in the second degree, and grand larceny, in the second degree, in Onondaga County Court, New York, before Judge Anthony Aloi.

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Golden First Mortgage Corp., and its owner, operator and President, David Movtady, have settled a civil mortgage fraud lawsuit alleging misconduct in connection with Golden First‘s participation in the FHA Direct Endorsement Lender Program.

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Wilbur Anthony Huff, Kentucky, pleaded guilty to bank fraud charges admitting that he engaged in a scheme to prevent Park Avenue Bank, New York, New York, from being designated as “undercapitalized” by regulators – a designation that would prohibit the bank from engaging in certain types of banking transactions, and that would subject the bank to a range of potential enforcement actions by regulators.

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Charles A. Bennett, 56, Manhattan, New York, was arrested on securities and wire fraud charges stemming from his scheme to defraud over 30 investors of more than $5 million through a Ponzi scheme that he perpetrated for more than five years.

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Octavio Lombardo, a/k/a Otto Lombardo, 67, was arrested on wire fraud charges stemming from his advance fee loan scheme, which allegedly defrauded victims of more than $1 million.

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Mohammed Rafikian, aka Mo Kian, 54, Queens, New York, has been re-sentenced to a term of 16 to 50 years in prison after being tried again and re-convicted of holding himself out as an attorney and a registered investment advisor and then stealing $5 million from seven individuals through fraudulent real estate and capital investment transactions.

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Brandon Lynn Barber, 38, New York, New York, was sentenced to 65 months in prison and three years of supervised release for conspiracy to commit bankruptcy fraud, conspiracy to commit bank fraud, and money laundering for his role in providing false and fraudulent financial information and statements to Lenders in connection with loans to finance real property developments.

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