Four Bay Area Real Estate Professionals Charged In Years-Long Mortgage Fraud Scheme
Tjoman Buditaslim, Travis Holasek, Jose Alfonso Tellez, and Jose De Jesus Martinez are Alleged to Have Prepared and Submitted Fraudulent Loan Applications Resulting in More than $55 Million in Residential MortgagesSAN FRANCISCO - A federal grand jury has indicted Tjoman Buditaslim (a/k/a “Joe Lim”), Travis Holasek, Jose Alfonso Tellez, and Jose De Jesus Martinez, with conspiracy to commit wire fraud, wire fraud, and aggravated identity theft in…
Press release
November 13, 2023
Real Estate Executive Pleads Guilty to Multi-Year Conspiracy to Falsify Financial Statements
A California real estate executive pleaded guilty yesterday to engaging in an extensive multi-year conspiracy to falsify financial statements.
According to court documents, Tyler Ross, 37, formerly of Michigan, served as co-chief executive officer of ROCO Real Estate LLC and ROCO Management LLC, both of which are based in Bloomfield Hills, Michigan. The ROCO companies, and related entities, operated as a commercial real estate firm engaged in…
Press release
September 29, 2023
Essex County Man Admits Conspiring to Commit Mortgage Fraud
NEWARK, N.J. – An Essex County man today admitted that he conspired with others to commit mortgage fraud, U.S. Attorney Philip R. Sellinger announced.
Cabral Simpson, 46, of Orange, New Jersey, pleaded guilty by before U.S. District Judge Kevin McNulty to Count One of an indictment charging him with conspiring to commit wire fraud.
According to documents filed in the case and statements made in court:
Simpson, a real estate investor,…
Press release
September 06, 2023
San Francisco Man Charged With Stealing More Than $340,000 In Section 8 Housing Benefits
SAN FRANCISCO - A federal grand jury in San Francisco indicted Gregory Finkelson with conspiracy, theft of government property, and money laundering, announced United States Attorney Ismail J. Ramsey, Federal Bureau of Investigation Special Agent in Charge Robert K. Tripp, United States Department of Housing and Urban Development (HUD) Office of the Inspector General (OIG) Special Agent in Charge Mark Kaminsky, and IRS-Criminal Investigation…
Press release
July 26, 2023
Hoboken Woman Admits $1.5 Million Fraud Scheme that Targeted over 100 Non-Profit Victims, Including Schools and Religious Institutions
NEWARK, N.J. – A Hudson County, New Jersey, woman pleaded guilty today to stealing over $1.5 million from over 100 victims made up mainly of non-profits, private schools, and religious institutions throughout New Jersey, U.S. Attorney Philip R. Sellinger announced.
Yezenia Castillo, 46, of Hoboken, New Jersey, pleaded guilty before U.S District Judge Susan D. Wigenton, to an information charging her with one count each of wire fraud and tax…
Press release
April 06, 2023
Attorney General Bonta Announces Sentencing in $8 Million Southern California Mortgage Loan Fraud Scheme
OAKLAND — California Attorney General Rob Bonta today announced the sentencing of a Los Angeles broker, who was involved in a mortgage loan fraud scheme in Southern California. The broker, Alex Ashod Dadourian, defrauded lenders by using forged documents and fraudulent records to obtain more than $8 million in mortgage loans for his clients in order to earn commissions for himself. Today, he was convicted on 91 felony counts of mortgage…
Press release
December 07, 2022
Former NHA Director of Information Technology Sentenced to Two Years in Prison for Embezzling over $590,000 Worth of Electronic Devices
NEWARK, N.J. – Newark Housing Authority (NHA)’s former director of information technology was sentenced today to 24 months in prison for using his position to embezzle NHA funds to purchase cellular telephones and other electronic devices, U.S. Attorney Philip R. Sellinger announced.
Venancio Diaz, 57, of Jersey City, New Jersey, previously pleaded guilty before U.S. District Judge Brian Martinotti in Newark federal court to an information…
Press release
September 29, 2022
Mortgage Loan Officer and Real Estate Agents Charged in Mortgage Fraud Scheme in Central Valley
FRESNO, Calif. — A federal grand jury returned an indictment against German Antonio Lopez-Velasquez, 55, of Modesto; Marko Antonio Lopez, 27, of Modesto; and Lisa Marie Santos, 48, of Long Beach, charging them with bank fraud and conspiracy to commit bank fraud, U.S. Attorney Phillip A. Talbert announced.
Lopez-Velasquez was also charged with witness tampering. He is alleged to have attempted to persuade an individual to make false…
Press release
August 25, 2022
Union County Man Admits Committing Wire Fraud and Making False Reports and Statements to and for HUD
NEWARK, N.J. – A Union County, New Jersey, man today admitted committing wire fraud and making false reports and statements to and for the U.S. Department of Housing and Urban Development (HUD), U.S. Attorney Philip R. Sellinger announced.
Shenandoah Adams Sr., aka “Shane Adams Sr.,” 56, of New Providence, New Jersey, pleaded guilty before U.S. District Judge Esther Salas to one count of an indictment charging him with wire fraud and an…
Press release
April 19, 2022
Newark City Council Member Admits Scheming to Obtain Bribes and Kickbacks and Subscribing to False Tax Return
NEWARK, N.J. – A member of the Newark Municipal Council and Board of Directors of the Newark Community Economic Development Corporation (NCEDC) today admitted scheming to obtain bribes and kickbacks and subscribing to a false personal tax return for 2018, U.S. Attorney Philip R. Sellinger announced.
Joseph A. McCallum Jr., 66, of Newark, pleaded guilty before U.S. District Judge William J. Martini to an information charging him with one count…
Press release
March 15, 2022