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Mortgage fraud scheme allegedly listed investors as homeowners to secure lower interest rates, prosecutors allege in criminal complaint against "Team Gallo" leader and his assistant.
A Hamilton, Ohio man was sentenced in U.S. District Court this month to 120 months (10 years) in prison for his role in a foreclosure rescue scheme that defrauded at least 780 financially distressed homeowners throughout the United States, including more than 100 individuals in the Southern District of Ohio.
A Jersey City man has pleaded guilty to a $30M mortgage fraud scheme that has led to $400,000 in losses, U.S. Attorney Sellinger announced.
December 16, 2021 — Three Middlesex County, New Jersey, residents were arrested today for their roles in fraudulently obtaining over $2.1 million in federal Paycheck Protection Program (PPP) loans and Economic Injury Disaster Loans (EIDL), U.S. Attorney Philip R. Sellinger announced.
October 13, 2021 — A dual New York and Florida resident today admitted his role in a scheme to fraudulently obtain federal Paycheck Protection Program (PPP) loans totaling over $6.8 million, Acting U.S. Attorney Rachael A. Honig and Assistant Attorney General Kenneth A. Polite Jr. of the Justice Department’s Criminal Division announced today.