Archives For Straw Buyer

Alberic Okou Agodio, 30, Bethesda, Maryland, was indicted on charges arising from a mortgage fraud scheme in which he used the names of immigrants and students, along with false financial information, to obtain approximately $3.8 million in home mortgage loans to buy approximately three dozen row houses in Baltimore, Maryland, all of which are in default or foreclosure.

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Nadia Kuzmenko, 35, Loomis, California, Peter Kuzmenko, 36, Sacramento, California, Edward Shevtsov, 51, Sacramento, and Aaron New, 39, Sacramento, were found guilty by a federal jury of multiple counts of mail and wire fraud associated with their involvement in a straw buyer mortgage fraud scheme that cost financial institutions approximately $16 million.

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James Fidel Sotolongo, 49, Port Orange, Florida, Stephanie Musselwhite, 52, Daytona Beach, Florida, and Christopher Mencis, 53, Longwood, Florida, were sentenced by United States District Court Judge John A. Jarvey for their respective roles in a mortgage fraud scheme wherein they ripped off $9.3M from JP Morgan Chase, $1.6M from Wells Fargo and $1.5M from Bank of America.

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Karl Oreste, 56, Miramar, Florida, was sentenced to 100 months imprisonment, to be followed by five years of supervised release, and ordered to pay $8,215,197.28 in restitution for his recruitment of straw buyers and other conduct in an $8,000,000 mortgage fraud scheme.

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Five defendants were sentenced in January 2015, for their roles in a mortgage fraud scheme involving straw buyers, kickbacks and bank bribery. Of the 91 individuals charged in Operation Wax House, eighty-nine defendants have either pleaded guilty or have been convicted following trial. The two remaining defendants are international fugitives.

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Julie L. Duffield, 45, Eureka, Montana, owner and operator of Professional Closing Company, pleaded guilty to conspiracy to commit mail and wire fraud concerning her role in an identity theft and straw buyer scheme.

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Marie Lucie Tondreau, a/k/a Lucie Tondreau, 54, former North Miami Mayor, was convicted by federal jury after a 12 day trial for her recruitment of straw buyers and other conduct in an $8,000,000 mortgage fraud scheme.

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John Wayne Perry, Jr., 33, Charlotte, North Carolina, pleaded guilty on Monday, December 1, 2014, for his role as a promoter in a $75 million mortgage fraud racketeering conspiracy.

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Patrice Hairston, 52, Lawrenceville, Georgia, Bonnie Rose, 54, Jonesboro, Georgia, Sarah Hyldahl, 32, Marietta, Georgia, and Ronnika Allen, 30, Powder Springs, Georgia, have been sentenced for their roles in a scheme to defraud mortgage lenders of over $2 million in mortgage loans.

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Sneha Ramesh Mohammadi, 52, Bakersfield, California, was sentenced by United States District Judge Lawrence J. O’Neill to 18 months in prison, to be followed by five years of supervised release, for her involvement in an extensive mortgage fraud scheme that ran from January 2004 to September 2007.

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