Bobbie L. Brown, Jr., 47, Country Club Hills, Illinois, was sentenced to 20 years in federal prison in one of the largest federal mortgage fraud prosecutions ever in Chicago, Illinois.
Brown pled guilty in 2010 to charges in two separate indictments, each alleging of mail, wire and bank fraud. U.S. District Judge Virginia M. Kendall imposed the 20 year prison term and ordered Brown to pay restitution in excess of $32 million and to forfeit in excess of $24 million at a hearing in Federal Court.
According to first indictment, Brown, who operated several businesses, including Chicago Global Investments, Inc., B&M Customs Homes, Inc., Brown Trucking, Inc., and World Wide Investments, Inc., and 20 co-defendants were charged with fraudulently obtaining more than $95 million in loan proceeds from lenders for themselves and others. The victim lenders incurred losses totally approximately $24 million on the defaulted loans. The residences that were the subject of the alleged fraud scheme were located in various Chicago, Illinois suburbs, including Country Club Hills, Flossmoor, Frankfort, Mokena, Woodridge, Elmhurst, Lemont, Orland Park, Addison, Homewood, Naperville and Aurora.
The second indictment alleged that between August 2006 and April 2007, Brown and 12 co-defendants fraudulently obtained approximately 32 home mortgage loans - in this case on homes in Nevada and California, from which they obtained more than $16 million in loan proceeds. The victim lenders incurred losses totaling approximately $7 million on the defaulted loans.
In the Chicago scheme, 14 of the 21 defendants have been sentenced and the sentences ranged from probation to 66 months custody in the Bureau of Prisons. The remaining seven defendants are scheduled for trial in June, 2011. Ten of the 13 defendants have been sentenced in the Nevada scheme, with sentences ranging from 6 - 45 months custody in the Bureau of Prisons. The remaining three defendants in that case have pled guilty and are scheduled to be sentenced at a later date.
The sentence was announced by Patrick J. Fitzgerald, United States Attorney for the Northern District of Illinois; Thomas P. Brady, Inspector-in-Charge of the U.S. Postal Inspection Service; and Robert D. Grant, Special Agent-in-Charge of the Chicago Office of the Federal Bureau of Investigation.
The government was represented by Assistant U.S. Attorneys Daniel May and Erica Csicsila.
Saturday, March 26, 2011
Pastor indicted in mortgage fraud
Clint Rogers, 37, Scottsdale, Arizona, and Angela Rogers, 31, Scottsdale, a pastor and his wife, as well as Shannon Kato, 40, Sedona, Arizona; Ernest Babbini, 55, Scottsdale; and Drew Hull, 30, Prescott, Arizona, have been indicted for alleged mortgage fraud crimes. Clint Rogers, Angela Rogers, and Shannon Kato have been arrested, and Ernest Babbini and Drew Hull have been served with a summons to appear in federal court.
The defendants are charged for their involvement in multi-million-dollar mortgage fraud conspiracies. Specifically, the defendants fraudulently obtained millions in loans and "cash back" loan proceeds. The defendants are charged with various counts of conspiracy, conspiracy to commit wire fraud, wire fraud, aggravated identity theft, money laundering, and conspiracy to commit transactional money laundering.
The 13-count indictment alleges that the defendants submitted false loan applications to banks and other lending institutions to buy numerous residential properties in a short period of time, lying about the borrowers' income and liabilities in order to get financing of more than $5.5 million. Most of the homes referenced in the indictment are in Scottsdale, Arizona. The indictment also alleges that the defendants profited from the scheme by artificially increasing the sale prices of the properties and then directing portions of the loan proceeds back to themselves for their own personal use, while concealing this information from the lenders. The indictment alleges over $2.5 million in loan proceeds were directed back to the defendants during a single five-month period.
The defendants are charged for their involvement in multi-million-dollar mortgage fraud conspiracies. Specifically, the defendants fraudulently obtained millions in loans and "cash back" loan proceeds. The defendants are charged with various counts of conspiracy, conspiracy to commit wire fraud, wire fraud, aggravated identity theft, money laundering, and conspiracy to commit transactional money laundering.
The 13-count indictment alleges that the defendants submitted false loan applications to banks and other lending institutions to buy numerous residential properties in a short period of time, lying about the borrowers' income and liabilities in order to get financing of more than $5.5 million. Most of the homes referenced in the indictment are in Scottsdale, Arizona. The indictment also alleges that the defendants profited from the scheme by artificially increasing the sale prices of the properties and then directing portions of the loan proceeds back to themselves for their own personal use, while concealing this information from the lenders. The indictment alleges over $2.5 million in loan proceeds were directed back to the defendants during a single five-month period.
Four charged in Illinois fraud case
Robert Todd McKinney, 42, Belinda Cheri McKinney, 43, John Quinn McKinney, 39, and Chamethele McKinney, 35, were charged in a recently unsealed indictment handed down by a Federal Grand Jury sitting in East St. Louis, Illinois, on February 24, 2011. The alleged violations took place between April, 2000, and December, 2008, in Madison County, Illinois. The arraignment was held on March 11, 2011.
Robert Todd McKinney was indicted for Conspiracy in Count 1, Tax Evasion in Count 2, and Making False Statements in Counts 4, 7, and 8. Belinda Cheri McKinney was charged with Conspiracy in Count 1 and Mortgage Loan Fraud in Count 9. John Quinn McKinney was charged with Conspiracy in Count 1, Tax Evasion in Count 3, and Making False Statements in Counts 5, 6, and 7. Chamethele McKinney was charged with Conspiracy in Count 1, Mortgage Loan Fraud in Count 10, and Making False Statements in Count 11.
According to the court-filed indictment, Robert Todd McKinney and John Quinn McKinney conspired and attempted to evade the payment of taxes by providing false information to IRS revenue officers, ignoring deadlines and notices provided by the Revenue Officers, and lying to Revenue Officers about their ability to pay taxes owed; and concealing assets which would have enabled them to pay the federal taxes assessed and diverting assets that otherwise were available for the payment of taxes.
Chamethele McKinney and Belinda Cheri McKinney joined the conspiracy with their husbands by concealing income, by setting up nominee bank accounts, and by providing false information on mortgage documents.
Trial has been set for May 9, 2011. If convicted of Conspiracy, each defendant faces a term of imprisonment of up to five (5) years, a fine of $250,000, and a term of supervised release of three (3) years. If convicted of Tax Evasion, each defendant faces a term of imprisonment of up to five (5) years, a fine of $100,000 plus the costs of prosecution, and a term of supervised release of three (3) years. If convicted of Making False Statements, each defendant faces a term of imprisonment of up to five (5) years, a fine of $250,000, and a term of supervised release of three (3) years. If convicted of Mortgage Loan Fraud, each defendant faces a term of imprisonment of up to thirty (30) years, a fine of $1,000,000, and a term of supervised release of five (5) years.
An indictment is a formal charge against a defendant. Under the law, a defendant is presumed to be innocent of a charge until proven guilty beyond a reasonable doubt to the satisfaction of a jury.
Robert Todd McKinney was indicted for Conspiracy in Count 1, Tax Evasion in Count 2, and Making False Statements in Counts 4, 7, and 8. Belinda Cheri McKinney was charged with Conspiracy in Count 1 and Mortgage Loan Fraud in Count 9. John Quinn McKinney was charged with Conspiracy in Count 1, Tax Evasion in Count 3, and Making False Statements in Counts 5, 6, and 7. Chamethele McKinney was charged with Conspiracy in Count 1, Mortgage Loan Fraud in Count 10, and Making False Statements in Count 11.
According to the court-filed indictment, Robert Todd McKinney and John Quinn McKinney conspired and attempted to evade the payment of taxes by providing false information to IRS revenue officers, ignoring deadlines and notices provided by the Revenue Officers, and lying to Revenue Officers about their ability to pay taxes owed; and concealing assets which would have enabled them to pay the federal taxes assessed and diverting assets that otherwise were available for the payment of taxes.
Chamethele McKinney and Belinda Cheri McKinney joined the conspiracy with their husbands by concealing income, by setting up nominee bank accounts, and by providing false information on mortgage documents.
Trial has been set for May 9, 2011. If convicted of Conspiracy, each defendant faces a term of imprisonment of up to five (5) years, a fine of $250,000, and a term of supervised release of three (3) years. If convicted of Tax Evasion, each defendant faces a term of imprisonment of up to five (5) years, a fine of $100,000 plus the costs of prosecution, and a term of supervised release of three (3) years. If convicted of Making False Statements, each defendant faces a term of imprisonment of up to five (5) years, a fine of $250,000, and a term of supervised release of three (3) years. If convicted of Mortgage Loan Fraud, each defendant faces a term of imprisonment of up to thirty (30) years, a fine of $1,000,000, and a term of supervised release of five (5) years.
An indictment is a formal charge against a defendant. Under the law, a defendant is presumed to be innocent of a charge until proven guilty beyond a reasonable doubt to the satisfaction of a jury.
Tuesday, March 1, 2011
Mihai Chetzan si MOX CONSTRUCTION cu musca pe caciula la Chicago
Afaceristul Chetzan nu are datorii doar la Cluj ci si-n Chicago
Suma $56,992 datorie la compania General Motors ca urmare a unei sentinte judecatoresti din iulie 2009; in noiembrie 2009 s-a dat o citatie pentru ca utilajul/masinile respective daca sunt gasite sa poata fi recuperate/reposedate
- ianuarie 2010 sentinta finala in favoarea Citi Bank pt neplata de catre Chetzan a $24,026.00 pe credit card
- din decembrie 2009 este in proces cu American Express pt neplata a $60,934.02 si alta de $27167.16 la aceeasi companie AE, aceeasi poveste cu Discover Card suma in disputa $6,758.98
-septembrie 2010 sentinta judecatoreasca in favoarea Harris Bank pt neplata sumei de $18,448.00
- pe 5 mai 2010 Fiscul American IRS-ul a pus federal lien adica sechestru pe ceva proprietati pt neplata a $291,764.00
Autoritatile federale l-a pus sub acuzare pe Michel Chezan impreuna cu alt complice Calvin Early pentru frauda, a carei suma se apropie de aproape de jumatate de milion de dolari.
Gasiti documentul cu numele lui la pagina 47.
Pe acelasi topic:
http://filipsinvestigation.blogspot.com/2010/07/stefan-tohatan-investitorul-misionar.html
http://filipsinvestigation.blogspot.com/2010/07/adrian-tarau-si-tepele-imobiliare.html
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