Archives For Washington

Ashley Bonair Chambers, 58, Spokane, Washington, was sentenced after having been convicted in December 2014 of one count of conspiracy to commit bank fraud and wire fraud affecting a financial institution, seven counts of wire fraud, and one count of wire fraud affecting a financial institution.

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Aleksandr Kravchenko, 36, and Galina Kravchenko, 35, King County, Washington, who fled to Moldova, Eastern Europe, before being indicted by a federal grand jury for bank fraud related to loans fraudulently obtained from Westsound Bank, entered guilty pleas in U.S. District Court in Seattle, Washington.

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Danny Zhao, 36, Ashburn, Virginia, pleaded guilty to conspiracy to commit bank fraud admitting his role in a short sale mortgage fraud scheme.

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Emiel A. Kandi, 37, University Place, Washington, a former hard money lender, was sentenced in U.S. District Court to five years in prison, three years of supervised release and $831,607 in restitution for structuring some hard money loans to allow him to seize control of a home if the borrower missed a single payment, in others he submitted false information to lenders regarding the borrowers’ employment, salary, and intention to live in the home.

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William Beard, 40, Seattle, Washington, was sentenced to 16 months in federal prison for his participation in a Southern California mortgage elimination scheme that promised to prevent foreclosure through the paying off of the distressed homeowner’s mortgage.

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Emiel A. Kandi, 37, University Place, Washington, a former hard money lender, pleaded guilty to conspiracy to submit false statements in loan applications and make false statements to the Department of Housing and Urban Development and to submitting false statements in loan applications.

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Local Records Office, Bellflower, California, a company that allegedly preys on unsuspecting new property owners, is the subject of a Consumer Protection Act lawsuit.

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James E. Bishop, 70, Mount Vernon, Washington, former Chairman and CEO of Summit Bank, a Skagit County community bank, pleaded guilty in U.S. District Court to making a false entry in a report of an insured bank.

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Jose L. Nino de Guzman, Jr., 30, Seattle, Washington, who marketed real estate investment opportunities in Peru, pleaded guilty in U.S. District Court to wire fraud and money laundering for his creation and operation of a classic Ponzi scheme.

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Robert Mikail, 40, and Ging-Hwang “Felicia” Tsoa, 58, both of Ashburn, Virginia, have been charged with conspiracy and bank fraud charges related to their alleged roles in a $20 million mortgage fraud scheme involving more than 35 homes.

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