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Florida Woman Sentenced in $24 Million Mortgage Fraud Case

U.S. Attorney William J. Hochul, Jr. announced today that Michelle Vinas, 55, of Florida, who was convicted of financial institution fraud affecting M&T Bank, was sentenced to 18 months in prison and ordered to pay restitution totaling $423,434.98 by U.S. District Court Judge Richard J. Arcara. Assistant U.S. Attorney Trini E. Ross, who handled the […]

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New York Man Charged in Connection with Multimillion-Dollar Real Estate Fraud Scheme

Joseph Del Valle, 59, Aventura, Florida, an owner and partner of various investment companies, including Vanquish Acquisition Partners LLC and PM Capital Management LLC, which were based in Manhattan, New York, surrendered on charges of wire fraud and wire fraud conspiracy for operating a fraudulent scheme related to a Florida real estate development project. Del […]

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Feds Charge Floridian Mayor With Mortgage Fraud

Before she was elected mayor of North Miami last year, Lucie Tondreau co-hosted several radio programs that federal authorities say were the key to an $8 million mortgage fraud scheme. According to an indictment unsealed on Monday, Tondreau and co-host Karl Oreste, a mortgage company owner, used the Creole-language airwaves to reel in “straw borrowers” […]

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Florida Leader of Illegal Flipping Scheme Indicted

Stephen Mayer, 50, Miami Beach, Florida, has been indicted and charged with one count of conspiracy to commit wire fraud affecting a financial institution. Mayer allegedly bought at least 24 properties, reselling them (usually on the same day) to his “investors,” netting a profit of approximately $1,528,790. On April 29, 2014, Mayer was arrested on […]

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Florida Man Jailed for Mortgage Fraud

Jose Manuel Goyos, Jr., 27, Jupiter, Florida, was sentenced to 96 months in federal prison for his role in a fraudulent scam promising timeshare owners that in exchange for an advance fee that typically exceeded $1,000, he would handle all the details of the sale and send the victims the proceeds after closing. The telemarketing […]

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Florida Developer Charged with Taking Real Estate Investor Funds for His Personal Use

Henry Thomas Hammond, 57, Ponte Vedra Beach, Florida, formerly of Liberty, Missouri, has been indicted by a federal grand jury for a $6.2 million series of investment fraud schemes.  The defendant allegedly promised real estate investors an exorbitant rate of return, but instead, deposited investors’ funds into his personal bank account to make vacation home […]

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