Matthew Amato, 31, Broomall, Pennsylvania, pleaded guilty to one count of making false statements to banks. Amato admitted lying to three lenders for the purpose of influencing the actions of the banks upon lines of credit for which he had applied.
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Matthew Amato, 31, Philadelphia, Pennsylvania, was charged in an criminal Information with one count of making false statements to banks. Amato allegedly made false claims to influence lenders to approve his loan application.
Heritage Homes Group, Inc., a Pennsylvania-based home builder that offers home financing, has settled Federal Trade Commission charges that it deceived consumers by advertising low-cost mortgages while hiding fees and not disclosing vital information about the true cost of the mortgages.
James Lignelli, 59, Presto, Pennsylvania, was found guilty by a federal jury of three counts of bank fraud, United States Attorney David J. Hickton announced today.
Dwayne Stewart, 44, West Philadelphia, Pennsylvania, was sentenced by the Honorable Carolyn Nichols to 2.5 to 5 years in state prison followed by ten years of probation and ordered to pay over $86,000.00 in restitution following Stewart’s guilty plea for “stealing” West Philadelphia houses using forged deeds.
Steven Pitchersky, 65, Rancho Mirage, California, was sentenced to 51 months in prison for a scheme to defraud Ally Bank that resulted in losses to the bank of approximately $5.3 million. Pitchersky, who pleaded guilty to wire fraud on September 23, 2013, operated Nationwide Mortgage Concepts, a California mortgage lender.
Richard Stromberg, 49, Wells Drive, Bethel Park, Pennsylvania, has been indicted by a federal grand jury in Pittsburgh on a charge of bank and wire fraud conspiracy involving the submission to lenders of loan applications that contained material misrepresentations about the borrower’s financial condition.
Eric Sijohn Brown, 46, Philadelphia, Pennsylvania, pleaded guilty to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services.
Simon H. Aouad, 35, Garnet Valley, Pennsylgania, was sentenced to 70 months in prison and restitution of $5,462,682 for a mortgage fraud scheme involving fraudulently obtained mortgages to purchase properties in North Wildwood, New Jersey, and Dorchester, Masschusetts, and a bank fraud scheme involving fraudulently obtained lines of credit at Wachovia Bank, now Wells Fargo Bank.
Edward G. McCusker, 49, Chesterbrook, Pennsylvania, was sentenced to five years in prison for a massive mortgage fraud scheme that resulted in at least 35 fraudulent mortgage loans worth more than $10 million. His wife Jacqueline, 49, New Hope, Pennsylvania, was sentenced to one year of home confinement followed by three years of probation for her role in the crime.