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Investment adviser pleads guilty in multimillion-dollar real estate scam

BOSTON – An Orleans investment adviser pleaded guilty in federal court Monday to defrauding her clients out of more than $3 million and using that money to buy luxury vehicles and vacations.

He pleaded guilty to one count of conspiracy to commit wire fraud and one. Journal, victims of such scams reported $275 million in losses in 2015.. Aisosa and Gloria Okolie, went after a real estate closing attorney in Augusta, Ga.. dollars – to Okolie's account instead of to the seller, authorities said.

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Pt. 2: Young Texas Businessman Accused in Massive Ponzi Scheme - Crime Watch Daily with Chris Hansen SEC.gov Updates: Litigation Releases – SEC Emergency Action Charges Texas Real Estate Developer for Multi-Million Dollar Offering Fraud.. Defendant in SEC Enforcement Action Pleads Guilty to Investment Adviser Fraud and Lying to the SEC. SEC Charges Atlanta-Based Individual and His Company with Defrauding Investors in Real.

California foreclosures set to surge Homes Lost To Foreclosure Surge New foreclosure data shows lenders took back more homes in August than in any month since the start of the U.S. mortgage crisis three years ago. Foreclosure listing service RealtyTrac Inc. says about 95,000 homes were repossessed by lenders last month.

TALLADEGA COUNTY –A Sylacauga man pleaded guilty to one count of “securities fraud for employing. managed and rented residential real estate in Alexander City. “Caudle solicited investments by.

Dennis Gibb, a long-time investment advisor in Redmond, pleaded guilty to defrauding 15 investors of more than $3 million. Gibb, 72, admitted to wire fraud and falsification of records, with.

AEI labels Johnson-Crapo the ObamaCare of GSE reform’ gses b bond auction endangers the mortgage bond market GSEs $17B bond auction endangers the mortgage bond market Mortgage banking industry weighs in support for single GSE bond Brena Swanson is formerly the Digital Reporter for HousingWire.

A former bank director who faked his own death pleaded guilty Thursday to bank, securities and wire fraud. The plea by 47-year-old Aubrey. funds in various equity securities, options and real.

Mitchell Cohen, the owner of the now defunct Buy-A-Home real estate brokerage business, pleaded guilty to one count of conspiracy to commit wire, bank and mail fraud in connection with a multimillion-dollar mortgage fraud scheme, announced U.S. Attorney for the Southern District of New York Preet Bharara.

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Investor Fraud Cases: Investment Adviser Pleads Guilty to Retirement Fund Fraud, Stock Research Firm is Sued in Alleged Pump-and-Dump Scam That Targeted Seniors, and A Rabbi is Accused of Running a $35M Ponzi Scam.

"Well, today you find that fraud and financial crimes that hurt people don’t go unpunished." Peterson, who pleaded guilty in February to conspiracy, investment adviser fraud and. which was used for.

Shaun Sullivan, of Merrick, pleaded guilty to conspiracy to commit mail fraud on Tuesday. According to the U.S. Attorney's Office for the Eastern.

Long Island Investment advisor pleads guilty In Multi-Million Dollar Securities Fraud and Ponzi Scheme. December 10, 2018. 86.. solicited elderly victims to invest in real estate-related investments, including those affiliated with publicly traded entities, a Canadian company and an.

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