Archives For Pennsylvania

Real Estate Fraud: Victims of Ignacio Beato Fraud Seek Help

Dozens of residents in Hazleton are seeking for help after being scammed by a real estate agent who was at the same time their community leader. They all bought their houses from Ignacio Beato, who turned out to be selling homes with fraudulent deeds.

The Greater Hazleton Real Estate Association says there are about 50 complaints against Beato, a licensed real estate agent.

Fryar, mother decline to take stand

The lawyers defending former Eagles player Irving Fryar and his mother, Allene McGhee, against mortgage fraud charges rested their case in a Mount Holly courtroom Tuesday without calling any witnesses.

Fryar, 52, of Springfield Township, Burlington County, and McGhee, 74, a retired school bus driver from Willingboro, both decided against taking the stand to testify after the prosecution completed its case and the jury trial entered its third week. The two are charged with conspiracy and theft by deception in connection with a $1.2 million mortgage scheme involving six banks and one lending company in South Jersey and Philadelphia between October and December 2009.

Fryar trial witness: Ex-Eagle’s mother unaware of alleged scam

The mortgage fraud trial of a former Eagles player and his 74-year-old mother took an unexpected turn in a Mount Holly courtroom Thursday when the key prosecution witness admitted during cross-examination that he told a prosecutor that he did not believe the woman was aware she was participating in an illegal scheme.

William Barksdale, a mortgage broker already serving a sentence for conspiracy to commit wire fraud, was testifying at the trial of Irving Fryar and Allene McGhee. The state Attorney General’s Office contends they were coconspirators with Barksdale in defrauded seven lending institutions in South Jersey and Philadelphia of more than $1.2 million in 2009.

Broker tells his side against Irving Fryar and mother

A financial broker who is serving time in federal prison in connection with a $2 million mortgage scheme took the stand Wednesday in the conspiracy trial of ex-Eagle Irving Fryar and his mother, Allene McGhee, in the Burlington County Courthouse in Mount Holly.

William Barksdale is the key witness in a high-profile case in which the state Attorney General’s Office alleges Fryar and McGhee conspired to defraud six banks and a mortgage company of more than $1 million in 2009. Barksdale, of Levittown, had pleaded guilty to conspiracy to commit wire fraud for assisting Fryar, McGhee, and several other Burlington County clients with the scheme.

A friend of mine approached me about using my credit to help people who were losing their homes. If you’re born into a life of service, this is the kind of stuff that you do.

Pennsylvania State Senator Anthony Williams, explaining his involvement in a foreclosure rescue

Michael P. Bernick, 51, Pittsburgh, Pennsylvania, a former bank director, was sentenced in federal court to 144 months of imprisonment on his conviction on nine counts of misapplication and theft of funds by a bank director. Bernick did not complete any loan applications, sign notes, or provide security for the monetary advances, yet received more than $350,000.

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Amanda Bishop, 35, Martinsburg, Pennsylvania, was convicted in federal court after she submitted fraudulent mortgage documents during court proceedings.

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 Dov Ratchkauskas, 48, Allegheny County, Pennsylvania, has been indicted by a federal grand jury on a charge of Contempt of Court for allegedly trying to obtain a passport while out on bond in connection with a mortgage fraud prosecution.

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Dean Rossi, 49, Warrington, Pennsylvania, was arrested in connection with an alleged mortgage fraud scheme for misappropriating funds from real estate closings intended for paying off mortgages.

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Richard Stromberg, 50, Bethel Park, Pennsylvania, has been sentenced in federal court to 60 months of imprisonment, to be followed by five years of supervised release, for submitting false loan applications to lenders that included inflated income/assets and appraisals.

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