Archives For North Carolina

Michael T. Rand, 52, Sandy Springs, Georgia, was sentenced by U.S. District Judge Robert J. Conrad, Jr. to 120 months in prison and to three years of supervised release on conspiracy and obstruction of justice charges in connection with federal investigation into a seven-year accounting/sales fraud conspiracy at Beazer Homes USA, Inc.

Continue Reading…

John Reid Perkins, 45, Charlotte, North Carolina, was sentenced by U.S. District Judge Max O. Cogburn, Jr. to serve 64 months in prison followed by three years of supervised release on securities fraud conspiracy charges and for violating the terms of his supervised release stemming from a previous federal conviction.

Continue Reading…

Four defendants were sentenced on February 4, 2015, by U.S. District Judge Richard L. Voorhees for their involvement in a consumer and mortgage fraud conspiracy which resulted in multi-million dollar losses for consumers and federal agencies. Continue Reading…

Five defendants were sentenced in January 2015, for their roles in a mortgage fraud scheme involving straw buyers, kickbacks and bank bribery. Of the 91 individuals charged in Operation Wax House, eighty-nine defendants have either pleaded guilty or have been convicted following trial. The two remaining defendants are international fugitives.

Continue Reading…

Jarrod Beddingfield, 38, Waxhaw, North Carolina, a former online mortgage broker employee, and Steve Rosene, 43, Newport Beach, California, Beddingfield‘s California-based mortgage broker conspirator, were sentenced by U.S. District Judge Robert J. Conrad, Jr. for their roles involving computer theft of mortgage leads from a nation-wide online mortgage broker. Continue Reading…

John Wayne Perry, Jr., 33, Charlotte, North Carolina, pleaded guilty on Monday, December 1, 2014, for his role as a promoter in a $75 million mortgage fraud racketeering conspiracy.

Continue Reading…

Numerous participants in an expansive mortgage fraud scheme were sentenced by Chief United States District Judge James C. Dever, III to prison. Chief Judge Dever also collectively ordered more than $10 million in forfeiture and restitution judgments against the defendants. Those sentenced by the Court included multiple real estate developers, a closing attorney, two mortgage brokers, and a real estate broker.

Continue Reading…

Numerous participants in an expansive mortgage fraud scheme were sentenced to prison on Monday, October 27, 2014, and Tuesday, October 28, 2014, by Chief United States District Judge James C. Dever, III. The defendants were involved in a conspiracy to defraud numerous banks and lenders using straw buyers resulting in mortgage loan disbursements exceeding $20 million, $5 million in loan proceeds, and losses exceeding $1 million.

Continue Reading…

Kurosh Mehr, 53, Charlotte, North Carolina, was convicted by a federal jury for his role in a $75 million racketeering conspiracy. According to trial evidence, Mehr was a promoter and buyer in the enterprise’s mortgage fraud operations.

Continue Reading…

Jimmy Hitchcock, 43, Clemmons, North Carolina, former NFL football player, was sentenced on Tuesday, September 23, 2014, to serve 46 months in federal prison, to be followed by two years of supervised release, for his role in a multi-million mortgage fraud conspiracy. Hitchcock and his conspirators used false documents to support mortgage transactions and even recruited a bank insider to assist in the scheme.

Continue Reading…