A man with dual Irish and US citizenship was arraigned in Boston last week on federal fraud and identity-theft charges that could put him in prison for four decades after he spent six years trying and failing to convince Irish courts to let him stay in County Kildare. Read more.
Arthur Samuels, who once ran Bank of America's Fields Corner branch, was sentenced to a year and a day in federal prison and ordered to pay $2.2 million in restitution for his role in Michael David Scott's scheme to suck money out of banks with fraudulent real-estate purchases in 2007 and 2008, the US Attorney's office in Boston reports. Read more.
Two Virginia residents who recruited bogus buyers in Michael David Scott's scheme to defraud banks in Dorchester and Roxbury condo deals have each been sentenced to two years in federal prison.
Jerrold Fowler, 31, and Thursa Raetz, 40, pleaded guilty to their roles in the scheme earlier this year; they were sentenced last week in US District Court in Boston. Read more.
A federal judge today sentenced Michael David Scott, 51, of Mansfield, to 135 months in federal prison for his role in defrauding banks in a condo-flipping scheme as the local housing market went into decline.
In addition to his time behind bars, Scott was also ordered to repay $11.4 million in fraudulent payments and fork over another $7.4 million, the US Attorney's office reports. Read more.
Michael Anderson, 46, of Framingham, was sentenced to two years in federal prison for his participation in a scheme to flip condos in Dorchester and Roxbury during the recession, the US Attorney's office reports. Read more.
A real-estate lawyer faces a lengthy stay in federal prison after a jury convicted him of 33 counts of wire fraud and 5 counts of money laundering for his role in a scheme to defraud lenders on the sale of condos in a Dorchester building in 2006 and 2007, the US Attorney's office reports.
Prince Charles Eweka, a Canton real-estate broker, yesterday admitted he used straw buyers to defraud lenders out of $548,000 for condos in two buildings he owned, the US Attorney's office in Boston reports.
Eweka will be sentenced on Jan. 20. He faces up to 20 years in prison and fines of $250,000 for each violation.
Andre Junior Lamerique, 26, earned a five-year federal prison sentence today for his part in an effort to wring more than $10 million out of lenders in bogus transactions on properties across Boston, the US Attorney's office in Boston reports.
A Canton real-estate broker was indicted last week on eight counts of wire fraud in connection with two buildings he owned in Dorchester, the US Attorney's office reports.
The US Attorney's office in Boston today named Michael R. Anderson, 41, of Framingham, as a player in a scheme to profit through bogus financing deals on 27 Dorchester condos by forging mortgage applications from people who had no plans to actually live in the units.
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