Chicago developer sentenced for loan fraud

Two Suburban Developers And An Attorney Among Six Defendants Charged With Mortgage Fraud . CHICAGO- A federal grand jury returned a 25-count indictment yesterday charging six defendants with devising and participating in a mortgage fraud scheme which caused more than $16 million in losses to banks, mortgage lenders, Fannie Mae, and Freddie Mac.

CHICAGO – A federal jury today convicted the president of a Chicago real estate firm on fraud charges relating to a $105 million line of credit for city and suburban properties, including a former Goldblatt’s Department Store on the North Side and the Streets of Woodfield Mall in Schaumburg.

CHICAGO-Three partners in a failed north shore development project, a title company executive, and a loan officer were charged in a federal indictment unsealed yesterday with engaging in a $15.7.

A Palos Park lawyer was sentenced Wednesday in federal court for his role in a mortgage fraud scheme involving over 40 homes in the Englewood area. , 50, of Palos Park, faces nine years in jail.

Less than three months after being convicted of bank fraud, Chicago real estate developer laurance freed has asked a judge to toss out the verdict or grant him new trial, arguing that prosecutors.

MADIGAN: CHICAGO MAN SENTENCED TO SIX YEARS FOR CRIMINAL mortgage loan modification fraud. chicago – Attorney General Lisa Madigan announced a six-year prison sentence for a Chicago man who stole more than $350,000 by preying on desperate homeowners seeking to avoid foreclosure.. Warren Jackson, 44, of Chicago, pled guilty to criminal mortgage rescue fraud before Cook County Circuit Court.

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politics & government Cook County Judge Convicted Of Mortgage Fraud By Federal Jury Found guilty of a felony, Judge Jessica Arong O’Brien will lose her seat on the bench under state law.

Vincent Lane, once heralded as a visionary when he headed the Chicago Housing Authority, was sentenced to 2 1/2 years in prison Tuesday for lying to banks to obtain more than $2.5 million in loans for.

Law360, Miami (July 2, 2019, 10:10 PM EDT) — A former medical device company executive will likely spend the rest of his life in prison after receiving a 30-year sentence Tuesday in Florida federal.

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CHICAGO (AP) – A former Illinois judge convicted of mortgage fraud has been sentenced to one year and one day in prison. Former Cook county circuit judge jessica O’Brien sobbed loudly in court.