Six people who served as straw buyers in the Sacramento area have been convicted of wire fraud.
Three defendants: Irina Markevich, 30, of Rio Linda; Anatoliy Markevich, 35, of Sacramento; and Marina Pukhkan, 53, of Rio Linda were each convicted of two counts of wire fraud, according to a press release by the U.S. Attorney’s Office for the Eastern District of California. The three remaining defendants: Daniil Markevich, 38, and his wife, Svetlana Markevich, 38, both of Escondido, and Alex Markevich, 40, of Rio Linda were each convicted of one count of wire fraud.
All six defendants acted as straw buyers, obtaining home loans by submitting fraudulent loan applications and related financial documents. After obtaining the loans, they made the mortgage payments for a few months, then allowed the properties to go into foreclosure, causing losses to the lending institutions of more than $700,000.
Read the original article in the Sacramento Bee.