April 14th, 2017 at 9:41am
Despite the pleas of high-powered defense attorney Manny Medrano for an 18-month sentence, Bryan D’Antonio was sentenced to over eight years in prison for a operating a mortgage modification scam.
In imposing the sentence, U.S. District Judge David O. Carter ordered D’Antonio to not only serve 97 months in prison, but also 12 months in a halfway house, three years of supervised probation and to restitution of $3.8 million. Judge Carter noted that D’Antonio was still on supervised release after a four-year conviction for a previous medical-billing scheme.
Bryan D’Antonio was the owner and operator of Rodis Law Group and agreed last year to plead guilty to defrauding more than 1,500 people out of $9 million.
Although D’Antonio apologized to the court, Assistant U.S. Attorney Joseph McNally characterized Rodis Law Group as a boiler room, telemarketer operation that lured desperate homeowners by advertising a non-existent team of attorney who would help the homeowners renegotiate their interest rates and principal balances.
Co-defendants Charles Wayne Farris of Aliso Viejo and Ronald Rodis of Irvine have, like D’Antonio, pleaded guilty to felony conspiracy to commit mail and wire-fraud charges and have yet to be sentenced.
Read the original article in the Orange County Register.
March 2nd, 2017 at 10:36am
Stephen Siringoringo, a Westminster attorney who targeted poor and Spanish-language victims in San Bernardino County in a loan modification fraud scheme, is going to prison for seven years and ordered to pay $108,000 in restitution.
Siringoringo, 35, who was disbarred in March 2015, pleaded guilty to to grand theft and money laundering for his role in the $44 million scam. He found his victims by advertising on radio and television and gaining their trust for his “mortgage relief” services by telling them he was an attorney.
San Bernardino County District Attorney officials said in the news release, “Siringoringo, in particular, preyed on the victims by using his position as an attorney to gain their trust and charge large unlawful upfront fees and monthly payments. Most of the victims never received any loan modification, and many who had lost their money with Siringoringo, Cobb and Clausen sought assistance through other means.”
The investigation was conducted by the San Bernardino County District Attorney’s Office-Bureau Real Estate Fraud Unit. In addition to his conviction, Stephen Siringoringo was ordered by the Consumer Financial Protection Bureau (CFPB) to provide $20,825,000 in restitution to victims outside of the county.
Read the original article in 24/7 and Highland News.
March 2nd, 2017 at 10:18am
Patrick Iturra, who was a partner in a firm called Mercury Business Group, has been sentenced to one year in jail after he was convicted of five counts of foreclosure consultant fraud and grand theft.
Mercury Business Group claimed to help homeowners who were having trouble paying their mortgages. According to prosecutors, there were eight documented victims, seven of whom lost their homes to foreclosure.
Read the original article in KCLU.
January 20th, 2017 at 11:13am
Fontana resident Jose Armando Rodriguez, 57, has pleaded guilty to grand theft, foreclosure consultant fraud and recording a false instrument.
Rodriguez, the owner and operator of Global Home Investments, told his five victims that he would save their homes from foreclosure, according to Senior Deputy District Attorney Tony Wold of the Ventura County District Attorney’s Office. Wold said that from 2010 to 2012 Rodriguez stole thousands of dollars from the victims, all located in the Oxnard area, but he never helped them.
When the victims later tried to short sell their homes, they found out that Rodriguez also filed false trust deeds and assignments of rent on their homes, all of which were lost to foreclosure.
Read the original article in the Ventura County Star.
December 8th, 2016 at 5:39pm
Patrick Iturra, 46, of Canyon Lake, pleaded guilty to two counts of foreclosure consultant fraud and three counts of felony grand theft, according to Ventura County prosecutors.
Iturra, who operated a business called Mercury Business Group, was accused of promising homeowners he could save their properties from foreclosure if they paid him upfront fees.
In addition to facing a possible jail sentence, Iturra “will be ordered to pay restitution to the victims,” say prosecutors.
Read the original article in the Ventura County Star.
October 28th, 2016 at 6:14am
Franklin Marquez, 52, has been sentenced to 4 to 12 years in prison for his involvement in a mortgage fraud scheme. He was convicted on one count of pattern of mortgage lending fraud, a category “B” felony.
Marquez and his co-defendants – Maria Lorena Anzu, Jose Ben Rodriguez and Gilberto Navidad , were alleged to have operated a criminal enterprise in Las Vegas called Majestic Group, LLC. Their pitch to distressed homeowners was that they could sell their homes to Majestic Group at market value and then the company would sell their homes back to them at lower, more affordable prices. The victims were charged upfront fees along with monthly payments.
Read the original article in News3LV.
October 13th, 2016 at 9:32am
Nancy Russell Kempis, 64, of Santa Clara, has been sentenced for more than six-months in jail for scamming a family out of their home and defrauding four banks.
The former real estate agent convinced the family to sell her their home at a “dramatically reduced price” in order to avoid foreclosure. She rented them the home and promised to return it. Instead, she secured a number of fraudulent mortgages, sucking all the equity out of the house and defaulting between 2006 and 2009. The home was then lost to foreclosure and the family evicted.
Kempis’ scam cost lenders $750,000.
Kempis eventually fled to New York, went into hiding under the false name Morpheus Daw Pud Ko and helped run a women’s ministry.
“Ms. Kempis scammed hundreds of thousands of dollars and drove a family into homelessness,” Santa Clara County Deputy District Attorney Charles Huang said in a statement.
Read the original article in KRON4.com
September 30th, 2016 at 7:46am
Victims of a Petaluma real estate agent whom prosecutors ripping off at least 100 persons in the Bay Area in an alleged mortgage fraud scam are outraged at the terms of his settlement with state prosecutors.
Miguel Angel Lopez-Soleta, 44, pleaded no contest to felony grand theft and embezzlement from an elderly person through his Rohnert Park business, Mortgage Modifiers, in 2012.
Lopez-Soleta will only serve one year in jail and receive five years of probation.
According to former client Robert Gillis, whose mother lost her Novato home to foreclosure because of Lopez-Soleta, “It’s totally unacceptable. None of the victims agree with it. They are so upset.”
Caroline S. Chen, the deputy attorney general handling the case for Attorney General Kamala D. Harris, did not return a call Thursday seeking comment.
The only good bit of news is that the real estate license of Miguel Angel Lopez-Soleta has been revoked by the California Bureau of Real Estate.
Read the full article in the Press Democrat.
September 30th, 2016 at 7:29am
Sixty-one-year-old Gregoria Mendoza was sentenced by Ventura Superior Court Judge Ryan Wright to seven years and four months in state prison after she pleaded guilty to multiple counts of grand theft and one count of foreclosure consultant fraud.
Mendoza, a resident of Oak View, was also ordered to pay over $470,000 in restitution to her victims.
Mendoza operated six or more real estate investment schemes according to the Ventura County District Attorney’s Office, snagging investors from Ventura, Los Angeles and Tulare counties.
Read the full article in the VCStar / Ventura County Star.
September 22nd, 2016 at 7:34pm
Reafael Sanchez, an Orange County, Florida real estate agent, is facing charges after federal prosecutors said he devised a short sale fraud scheme.
Sanchez is alleged to have concocted a scheme to help owners in foreclosure to file fraudulent bankruptcy paperwork. The bankruptcy stays would possibly give Sanchez enough time to conduct a short sale of the properties and earn himself a commission.
Federal prosecutors, though, said that over a two-year period, Sanchez collected money and assisted at least 30 homeowners facing foreclosure in filing fraudulent bankruptcies. All of the bankruptcies he helped his clients file were dismissed in 14 or 15 days, according to bankruptcy attorney Scott Shuker.
Sanchez, who faces up to five years in prison, has agreed to make a plea in the case, but a date hasn’t been set.
Read the original article in WFTV Orlando.