Archives For Straw Buyer

Nsane Phanuel Ligate, 42, Ashburn, Virginia, a real estate agent, pleaded guilty to conspiring to commit wire fraud in connection with a mortgage scheme involving the purchase of two properties located on North Patterson Park Avenue, Baltimore, Maryland. Co-defendant Cane Mwihava, 43, Bowie, Maryland, pleaded guilty to the same offense.

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Jabari L. Marshall, 36, Las Vegas, Nevada, who was convicted by a jury in September 2013 of conspiracy to commit mail and wire fraud for his involvement in a scheme to obtain $35 million in fraudulent mortgage loans, was sentenced to 20 years in prison.

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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.

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David Crisp, 34, San Diego, California, was sentenced United States District Judge Lawrence J. O’Neill to 17 years and 7 months in prison, and Jennifer Crisp, 31, San Diego, was sentenced to five years on probation for charges stemming from their involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.

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Braden Koegel, 35, Apopka, Florida, was sentenced by U.S. District Judge Roy B. Dalton, Jr. to three years and six months in federal prison for bank fraud.

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Alexander A. Romaniolis, 48, Irvine, California, was sentenced by United States District Judge Troy L. Nunley to 30 months in prison and a $17,500 fine, and forfeiture of over $400,000 for mortgage fraud.

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Antonio Perez Marcial, 41, Bakersfield, California, pleaded guilty to conspiracy to commit bank fraud, mail fraud, and wire fraud in connection with a mortgage fraud scheme in Bakersfield.

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Jayson Peter Costa, 41, Bakersfield, to 78 months’ imprisonment United States District Judge Lawrence J. O’Neill sentenced for his role in an extensive mortgage fraud scheme that ran from January 2004 to September 2007. Costa was ordered to self-surrender by May 5, 2014.

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Albert Greer, Sr., Shelby Township, Michigan, was found guilty on March 20, 2014, of conspiracy to commit bank fraud and of aiding and abetting bank fraud.

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Robert Serao, 48, Bayville, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy in which he used his position as a loan officer of Wells Fargo Home Mortgage, Inc. to get the company to release more than $4.6 million based on fraudulent mortgage loan applications.

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