Minh-Vu Hoang of Bethesda, Md. has pleaded guilty to conspiracy to defraud the Internal Revenue Service (IRS) and the U.S. Bankruptcy Trustee in connection with a scheme to conceal millions in profits earned from the purchase and sale of foreclosure properties. The guilty plea was announced by United States Attorney for the District of Maryland Rod J. Rosenstein; Special Agent in Charge C.Read more

A federal grand jury has indicted Dema Daiga of College Park, Md. and Oluseun Oshosanya of Laurel, Md. for wire fraud and aggravated identity theft arising from a scheme to defraud a mortgage lending company of approximately $664,493, announced United States Attorney for the District of Maryland Rod J. Rosenstein. The indictment was returned on Dec. 2, 2009 and unsealed on Dec. 23, 2009 upon the arrests of the defendants. Read more

U.S. District Judge J. Frederick Motz sentenced Jamilah Al-Bari of District Heights, Md. to a year and a day in prison, followed by five years of supervised release, for mail fraud arising from the fraudulent purchase of properties in Maryland, the District of Columbia and Virginia, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Motz also ordered Al-Bari to pay restitution of between $400,000 and $1 million, with the exact amount to be set at a later date.Read more

U.S. District Judge Roger W. Titus has sentenced Jennifer McCall, age 48, the chief executive officer of the Metropolitan Money Store, of Fort Washington, Md., to 135 months in prison, followed by five years of supervised release, for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, announced United States Attorney for the District of Maryland Rod J. Rosenstein.Read more

U.S. District Judge Roger W. Titus has sentenced the president of the Metropolitan Money Store, Joy Jackson, age 41, of Fort Washington, Md., to 151 months in prison followed by five years of supervised release for conspiracy to commit mail and wire fraud in connection with a mortgage fraud scheme that falsely promised to help homeowners facing foreclosure keep their homes and repair their damaged credit, announced United States Attorney for the District of Maryland Rod J. Rosenstein.Read more

U.S. District Judge Alexander Williams Jr. has sentenced Sidney Okosun, age 41, a Nigerian national residing in Washington, D.C., to 18 months in prison followed by five years of supervised release for bank fraud in connection with a scheme to defraud mortgage lenders, announced United States Attorney for the District of Maryland Rod J. Rosenstein. Judge Williams also ordered Okosun to pay restitution of $2,165,191. Okosun was formerly licensed as a mortgage originator by the state of Maryland.Read more