Archives For Texas

Kirk Smith, Harris County, Texas, has been ordered to prison following his conviction for defrauding seven different Houston, Texas-area banks of more than $2 million in 2007 and 2008 with a check kiting scheme, which allowed him to use inflated account balances to qualify for loans and lines of credit. Continue Reading…

Maria Eliza Garza, Houston, Texas, has been ordered to prison following her conviction in conspiring to defraud seven different Houston-area banks or more than $2 million in 2007 and 2008.

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Three former Permian Basin business owners and a title company executive were sentenced for their roles in a mortgage fraud scheme that involved approximately 800 real estate properties and about $45 million in loans.

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Yvonne Gumaer, 68, Galveston, Texas, has been sentenced to federal prison for federal violations related to a mortgage fraud scheme wherein she and her conspirators made false statements in connection with an FHA insured home loan.

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Daniel Lee Rosales, 21, Killeen, TX, was sentenced to two years in federal prison for stealing money from U.S. Army soldiers though a fraudulent loan scam.

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Hong Jae Kim, aka Randy Kim, 45, was sentenced by U.S. District Judge Jane J. Boyle to 10 years in federal prison and ordered to pay $1,795,125 in restitution for his nearly two-year role in a scheme to launder mortgage fraud proceeds.

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Jarrod Jamiel Williams, 35, McKinney, Texas, Christopher Davis Allen, 42, and his ex-wife, Cheryl Renee Allen, 51, both of Dallas, Texas, Arzonda Murchison, 43, Dallas, and Aaron Robert Martell, Georgia, who were convicted for their roles in a mortgage fraud scheme that caused more than $3 million in losses to lenders, have been sentenced to prison.

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Din Chaney, 36, and Lisa Lipton, 50, the final two defendants charged for their roles in a multi-million dollar mortgage fraud scheme operating in the Houston, Texas area have been ordered to prison.

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Sondra Tredaway, 65, Mission, Texas, a former bank officer with Texas State Bank has been ordered to federal prison for defrauding her former employer to the tune of approximately $2.4 million. The defendant used her position as branch manager to create more than 58 fictitious loans and used the proceeds for her own benefit.

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Donna Shirley Cobb, 53, Aledo, Texas, woman has been sentenced to federal prison for her role in a mortgage fraud scheme involving 28 properties located in the Eastern District of Texas.

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