John W. Vaudreuil, United States Attorney for the Western District of Wisconsin, has announced that Brian K. Bowling of Sun Prairie, Wis., has been sentenced by U.S. District Judge Barbara B. Crabb to 51 months in prison, with a five-year term of supervised release. Judge Crabb also ordered Bowling to pay $377,271 in restitution. Bowling was convicted of two counts of wire fraud on May 28, 2010.Read more

Two indictments of 13 Oahu residents and one from the state of Washington on mortgage fraud related charges have been unsealed with the arrests of 10 of the 14 defendants. A federal grand jury had returned the indictments on Aug. 11, 2010, but they had remained sealed. One indictment charged 10 defendants in 56 counts of conspiracy, wire fraud, and false statements on loan applications, while the other named four defendants in 33 counts of the same nature. The 14 named defendants are:Read more

An Ada County, Idaho judge has ordered more than $1 million in penalties and restitution against Access Mortgage Company Inc.Read more

Beth Phillips, United States Attorney for the Western District of Missouri, has announced that three former mortgage brokers were among five co-defendants sentenced in federal court for their roles in a $1.2 million mortgage fraud scheme. Charles M. Davis of Rogersville, Mo. was sentenced by U.S. District Judge Gary A. Fenner on May 17 to four years and three months in federal prison without parole. The court also ordered Davis to pay $1,271,590 in restitution. Scott Allen Kassebaum of Ozark, Mo.Read more

The Office of the United States Attorney for the District of Vermont stated that Benjamin Osmanson of California, the former operator of the Highgate Manor, in Highgate, Vt., was sentenced to nine years in prison, to be followed by five years of supervised release, and ordered to pay over $12 million in restitution during an appearance before the Hon. J. Garvan Murtha in federal court in Brattleboro, Vt.Read more

A federal grand jury sitting in Eugene, Ore., has returned indictments against 13 individuals on a variety of mortgage and loan fraud charges arising out of the collapse of Desert Sun Development (DSD), a company previously headquartered in Bend, Ore. From 2004 through 2008, DSD built commercial buildings and residential housing throughout Central Oregon. According to the indictments, DSD principals and other defendants caused financial institutions to lose more than $19 million. In total, five separate indictments were returned.Read more