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Nine indicted in elaborate mortgage fraud scheme

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Nine indicted in elaborate mortgage fraud scheme

Postby Otis on Fri Sep 04, 2009 6:22 pm

http://www.bizjournals.com/southflorida/stories/2009/08/31/daily68.html
<snip>

Mike Ohana, 39, of Miami; Michael Ramos, 29, of Miami; Ryan T. Dosen, 30, of Philadelphia; Paula Ramos, 52, of Miami; Elba Emilia Perez, 43, of Lehigh Acres; Fernando Soto, 37, of Miami; Antonio Abreu, 63, of Hialeah; Yosvany Abreu Garcia, 34, of Fort Myers; and Erick Valdes, 35, of Miami, are alleged to have defrauded two banks out of more than $3 million in fraudulent loans, according to a news release from the acting U.S. attorney for the Southern District of Florida.

<snip>

Yosvany Abreu Garcia and Erick Valdes, a licensed real estate appraiser, recruited defendants into the scheme and received payments from the loan proceeds for their participation, according to the news release.


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