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Tag Archives: SIGTARP

Colorado Man Pleads Guilty to Bank Fraud

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Christopher Tumbaga of Colorado Spring, Colorado pleaded guilty to one count of bank fraud and to one count of illegally receiving kickbacks for procuring loans.

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New York Man Gets 9 Years for Mortgage Modification Scam

Isaak Khafizov, a former owner of American Home Recovery (AHR), a mortgage loan modification business in New York, was sentenced in Manhattan federal court to nine years in federal prison in connection with a mortgage modification scam that defrauded hundreds of homeowners and lenders.

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Senior RMBS Trader Convicted of Defrauding TARP

Christy Romero, Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced in a press release Friday that a federal jury in New Haven has convicted Jesse C. Litvak, a registered broker-dealer and former managing director at New York investment bank Jefferies & Co., Inc., of multiple offenses involving schemes to defraud customers trading in residential mortgage-based securities (RMBS).

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Another Man Sentenced in Florida Wire Fraud scheme

A Florida man was sentenced on Tuesday to serve 12 months and one day in prison for defrauding thousands of homeowners in a $4 million nationwide home loan modification scheme. Vernell Burris Jr. was sentenced to prison along with two other previously sentenced co-defendants, Christopher Godfrey and Dennis Fischer, in a continuing SIGTARP case.

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SIGTARP Charges Wisconsin Man with Wire Fraud

Christy Romero, Special Inspector General for the Trouble Asset Relief Program (SIGTARP), announced Tuesday in a press release that David Weimert, of Madison, Wisconsin, has been charged with six counts of wire fraud involving a real estate development transaction.

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Florida Men Sentenced for Defrauding Millions from Homeowners

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced that two Florida men accused of defrauding homeowners have been sentenced to 84 months in federal prison. Christopher Godfrey and Dennis Fischer were sentenced to 7 years in prison Thursday, as well as a subsequent three years of supervised release, for initiating a scheme to defraud homeowners by charging fees for applications that are provided by the government for free.

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Connecticut Man Sentenced to Federal Prison for Mortgage Scam

The Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP) announced Tuesday that Robert Ilunga, of Naugatuck, Connecticut, was sentenced last Friday to 18 months in federal prison for operating a multimillion-dollar mortgage fraud scheme. Ilunga will serve three years of supervised release upon his release from prison.

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Florida Man Gets Six Years’ Jail Time for Defrauding TARP Recipients

A 46-year-old Florida builder convicted of bank fraud, money laundering, and identity theft tied to three different banks and Troubled Asset Relief Program (TARP) funds was sentenced on January 16 to six years in federal prison and ordered to pay back more than $3.7 million. Lawrence Allen Wright, of Niceville, pleaded guilty to seven charges, among them, conspiracy to commit money laundering and making a false statement to a federally insured financial institution.

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