According to a report by Jay Weaver of the Miami Herald, a Federal Judge issued an arrest warrant for lawyer Michael Walsh for his failure to appear in Federal Court. Walsh failed to show up for the start of a Federal mortgage fraud trial for John Guaracino on Monday May…
In some areas of the country, substantial numbers of single family homes fell into foreclosure. In other markets, large numbers of condominiums suffered wholesale foreclosures. People purchased homes for inflated prices borrowing up to 95 to 97 percent of the purchase price, acquiring creative mortgages with low teaser rates or…
A bankruptcy trustee is a private individual, usually a C.P.A. or with similar financial expertise, who is appointed by the U.S. Trustee in Federal Bankruptcy Court and given the job of safeguarding the assets of a bankruptcy estate. The job includes collecting the assets and property belonging to the estate,…
Three additional individuals were charged in West Palm Beach Federal court in a federal mortgage fraud indictment, making 24 the total number of persons who have been indicted in the multi-million dollar Versailles mortgage fraud scheme. Carl Alexander and Carol Asbury were the two most recent persons indicted. Alexander headed…
The federal mail fraud statute, 18 U.S.C. §1341, makes it a federal crime to use the mail in any way to advance a fraud. The federal wire fraud statute, 18 U.S.C. §1343, makes it a federal crime to use any interstate wire communication to advance a fraud. The defendants here…
Schmitz was an Alabama State legislator convicted of the Federal crime of mail fraud and theft of federal funds. The mail fraud statute (Title 18 USC §1341) makes it a crime to use the mail to advance a fraud. The theft statute (Title 18 USC §666) makes it a crime…
In United States v. Naranjo, the defendant’s wire fraud conviction resulted from a multi-million dollar scheme where he solicited investors for a chain of check cashing and pay-day loan stores known as the “Loan Shoppe” by offering high interest rates. The wire fraud statute Title 18 U.S.C. §1341 makes it…
Alicia Rodriguez pled guilty to a Federal Medicare fraud conspiracy involving 19 million dollars in bogus Medicare claims. In exchange for her cooperation, the prosecutor filed a motion pursuant to §5K1.1 of the Federal Sentencing Guidelines. It is the prosecutor’s discretion to file this motion if and when the prosecutor…
Defendant Tommie Huff was convicted of bribery and conspiracy to commit wire fraud for his role in a kickback scheme that involved placing fraudulent orders for Robbins Air Force Base. Wire fraud is a federal crime make it an offense to make a false statement or misrepresentation using the telephone,…