Archives For Pennsylvania

Richard Stromberg, 49, Bethel Park, Pennsylvania, the founder of a mortgage brokerage firm, pleaded guilty in federal court to a charge of conspiracy to commit wire fraud and bank fraud.

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John Paul Donico, 65, Erie, Pennsylvania, is the subject of an eight-count indictment for his alleged role in fraudulently obtaining $350,000 from a construction company by promising to obtain financing, which he never obtained.

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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.

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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.

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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.

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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.

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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.

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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.

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Eric Sijohn Brown, 46, Philadelphia, Pennsylvania, pleaded guilty to 20 counts in connection with a mortgage fraud scheme involving KREW Settlement Services.

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