Joe Spaqi, 60, Cleveland, Ohio, has been indicted and charged with fraudulently obtaining nearly $1 million from the now-closed St. Paul Croatian Federal Credit Union.
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Haider Zafar, 36, formerly of Dublin, Ohio, was sentenced in U.S. District Court to 72 months in prison, three years of supervised released, and was ordered to pay $15,723,034 in restitution for committing a $10 million fraud scheme involving false representations about investments in Pakistani real estate and to fraudulently obtaining a $1 million Miami Heat ticket package.
Consumers are again being warned of phony loan offers and reminded that legitimate lenders will not approve loans in exchange for a fee.
Crystal Perkins, 32, Mansfield, Ohio, has been indicted for defrauding an 82-year-old man of more than $50,000 in an alleged real estate investment scam.
John Struna, 52, Concord Township, Ohio, pleaded guilty to defrauding Taupa Lithuanian Credit Union. The defendant received $112,105 from a bank co-conspirator for the purchase of a condominium located in Ft. Myers, Florida, but at no time did Struna submit any credit applications or loan documents.
The U.S. Circuit Court of Appeals for the Sixth Circuit has issued a decision upholding a district court ruling that several defendants based in the United States and Canada deceived consumers through a telemarketing scheme designed to sell them phony mortgage assistance and debt relief programs.
Derryl L. Tanner, 47, Euclid, Ohio, and Julie A. Becker, 39, Cleveland, Ohio, are the subjects of a six-count indictment charging them of engaging in a $2.1 million mortgage-fraud scheme involving a Westlake, Ohio, home.
Stanley M. Paulic, 41, Aurora, Ohio, and Steven R. Long, 45, Mather, California, were indicted on charges they defrauded approximately 60 people out of more than $6.5 million through a fraudulent Arizona real-estate development investment.
Thomas G. France, 44, Strongsville, Ohio, a real estate agent, was sentenced to more than 10 years in prison for his role in a $3.3 million mortgage fraud scheme involving six properties in Medina, Ohio.
Svetislav Vujovic, 41, Brunswick, Ohio, was convicted of 14 counts related to illegally receiving more than $3 million from the St. Paul Croatian Federal Credit Union in exchange for cash payments to the credit union’s chief operating officer. Vujovic corruptly gave cash payments totaling approximately $20,000 to induce and reward the CEO for approving and facilitating the approval of fraudulent loans.