Tuesday, October 8, 2013

Daniela Spiridon pled guilty to a real estate scheme

 Daniela Spiridon o femeie, din Missouri,  in varsta de 42 de ani a pledat vinovata pentru frauda cu proprietati imobiliare. Femeia risca pana la 20 de ani de inchisoare si penalitati de 250,000 de dolari. Aceasta a returnat autoritatilor banii si bunurile obtinute din activitatile ilicite.

Daniela Spiridon, 42, St. Charles, Missouri, pled guilty to a real estate scheme related to the purchase or sale of properties. According to court documents, Spiridon was affiliated with several businesses from an office in Chesterfield, Missouri, which included A&AD Investments LLC; CDRS ESC Investments; Sentrix Loan Production Office; and others. As part of the scheme, Spiridon fraudulently offered to assist buyers in the purchases of properties that were acquired by lenders through foreclosure and held in inventory, known as real estate owned (REO) properties. She offered to broker purchases or arrange for financing related to the purchase or sale of the REO properties. She had potential buyers place deposits on the properties, which she was to put into an escrow account, but she actually put the money in a non-escrow account in one of her own companies. She often used buyers’ funds for personal expenses and to reimburse other buyers who demanded their funds be returned rather than to secure real property or financing. Spiridon pled guilty to six felony counts of wire fraud before United States District Judge John A. Ross. Sentencing has been set for January 9, 2014. Each count of wire fraud carries a maximum penalty of 20 years in prison and/or fines up to $250,000. In determining the actual sentences, a judge is required to consider the U.S. Sentencing Guidelines, which provide recommended sentencing ranges. Restitution is mandatory. Additionally, with her plea, Spiridon has agreed to the forfeiture of money and property derived from the illegal activity. This case was investigated by the Federal Bureau of Investigation, Postal Inspection Service, and Federal Housing Finance Agency Office of Inspector General. Assistant United States Attorney Rob Livergood is handling the case for the U.S. Attorney’s Office.

Ten indicted for allegedly participating in a scheme

Ten defendants, including five licensed loan originators, were indicted for allegedly participating in a scheme to fraudulently obtain approximately 52 residential mortgage loans totaling at least $14.5 million from various lenders. The Indictment alleges that the mortgages were obtained to finance the purchase of various properties, primarily on the west and south sides of Chicago, Illinois, by straw buyers who were fraudulently qualified for loans while the defendants allegedly profited. As a result, various lenders and their successors incurred losses of at least $8 million because the mortgages were not fully recovered through subsequent sale or foreclosure. An 11th defendant who worked as a closing agent for a title company in suburban Westchester was indicted separately as part of the same investigation.

Six individuals agreed to pay civil penalties for fraud they comited

Six individuals, including three mortgage brokers and a real estate agent, have agreed to pay civil penalties ranging from $5,000 to $85,000 to the United States to resolve civil fraud allegations stemming from false statements they made on mortgage loan applications. The defendants include: Kyle Frey, Adam Goulet, Roger Sterling Moore, William S. Nunemaker, Tyler P. Nunemaker and Daniel Brewton. Each have also agreed to pay to the United States any profits from the sale of the real estate properties they purchased with those loans. The civil complaints filed against the defendants pursuant to the Financial Institutions Reform, Recovery, and Enforcement Act, (“FIRREA”), allege that beginning in or about 2005 to in or about 2008, the defendants obtained mortgage loans from various financial institutions and purchased real estate properties as speculative investments in Charlotte’s Dilworth neighborhood. A federal investigation revealed that the loan applications the defendants submitted contained false statements.

John Allen sentenced to one year in custody

John Allen, Laguna Hills, California, a mortgage loan processor based in was sentenced to one year in custody by U.S. District Court Judge John A. Houston for his participation in an investment and mortgage loan fraud scheme that generated nearly $15 million in kickbacks. Allen worked with Mary Armstrong, a self-described but unlicensed mortgage broker, and several other co-conspirators to steal money from real estate purchase transactions. Armstrong recruited “investors” through advertisements in the Los Angeles Times, Monster.com, and elsewhere, and offered them the opportunity to purchase homes using their good credit with no money down. In reality, these so-called investors were nothing more than straw buyers who were promised $10,000 for each property purchased as part of the scheme.