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Texas Real Estate Agent Sentenced to Prison for Conspiracy to Defraud Investors and Lenders

Andrew Brosnac, 48, Mansfield, Texas, a real estate agent and investment consultant, was sentenced after pleading guilty to conspiracy to commit bank fraud and wire fraud in connection with the sale and leaseback agreements in Pennsylvania, New York, West Virginia, North Carolina, South Carolina, Alabama, South Dakota, California, Oregon, and Wyoming. Between 2006 and 2008 […]

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US Supreme Court Rules on Mortgage Fraud Restitution Calculations

WASHINGTON (AP) — The U.S. Supreme Court has clarified how restitution must be computed in mortgage fraud cases. The justices in a unanimous decision Monday said that restitution to a bank that has been defrauded must be calculated based on the value of property when it is actually sold, and not the earlier date on […]

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Texas Foreclosure Scammer Jailed for Scheme Involving the Servicemember’s Civil Relief Act and Grow Houses

Jarrod Williams, 34, McKinney, Texas, has been sentenced to federal prison in connection with a combination foreclosure rescue and drug distribution scheme in the Eastern District of Texas. The defendant pleaded guilty on Aug. 21, 2013 to conspiracy to commit mail and wire fraud and was sentenced to 57 months in federal prison by U.S. […]

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Texas Man Sentenced in Mortgage Fraud Scheme

A 43-year-old Plano, Texas man has been sentenced for his role in a mortgage fraud scheme in the Eastern District of Texas, announced U.S. Attorney John M. Bales today.    Anthony Glen Jones pleaded guilty on Oct. 23, 2013 to bank fraud in connection with a FHA insured home loan and was sentenced to 27 […]

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Texas Man Heads to Prison for Running Real Estate Investment Scheme

Samuel Ray Palasota, 53, Houston, Texas, has been ordered to federal prison following his convictions on multiple counts of mail and wire fraud. The Houston-area pastor was convicted of 21 counts of mail fraud and three counts of wire fraud in conjunction with an investment fraud ponzi scheme after three days of trial on October […]

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Texas Lawyer Sent to Prison for Down Payment Fraud Scheme

Jerry Goh, 51, Allen, Texas, who pleaded guilty in April 2013 to one count of a misprision of a felony stemming from his involvement in a loan fraud scheme was sentenced by U.S. District Judge David C. Godbey. The defendant, a lawyer with offices in the Dallas-Fort Worth metroplex, was sentenced to serve seven months […]

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