Houston, Texas – David Isaac Lapin is a former broker connected with the failed Premiere Holdings of Texas LLC that has been found guilty and sentenced to prison for failing to disclose a crime to authorities and covering up material facts from investors. Lapin pleaded guilty on February 16, 2010, to criminal information charging him with misprision of a crime.

He was sentenced to 36 months in federal prison without parole and fined $60,000 in connection with the operation of Lapin and Wigginton Asset Management, a subsidiary of Premiere Holdings LP – a real estate investment program. Lapin and co-defendants, attorney Ted Russell Schwartz Murray and Jeffrey Carl Wigginton Jr., were…

Broken Arrow, Oklahoma – Gerald Wayne Snow, Sr., a.k.a Gerald Snow, has pled guilty to Conspiracy to Commit Wire Fraud, in violation of Title 18, United States Code, Section 1349 and five counts of Wire Fraud, in violation of Title 18, United States Code, and Section 1343. The Superseding Indictment also contained a criminal forfeiture of $4,878,743.87.

Charges arose from an investigation by the Federal Bureau of Investigation. The Superseding Indictment, filed in February 2010, alleged that Gerald Snow and his son, Jerry Snow, built and sold houses in the Jordan Oaks and Megan Farms subdivisions of Wagoner County, Oklahoma. As previously reported on Mortgage Fraud Blog, Gerald Snow conspired with…

Pittsburgh, Pennsylvania – Randy Berger and Elleni Berger (also known as Elleni Klimantis) pleaded guilty in federal court to charges of Wire Fraud Conspiracy in connection with a mortgage fraud scheme. Elleni Berger also pleaded guilty to a charge of Filing a False Tax Return.

The Bergers operated All Credit Finance that was a mortgage broker company that assisted borrowers to obtain financing collateralized by real estate. The couple participated in a conspiracy in which they and other members of the conspiracy submitted fraudulent loan applications on behalf of borrowers that overstated their financial condition and a series of fraudulent documents that supported those misrepresentations.

In addition, Randy and Elleni Berger submitted…

Tigard, Oregon – The 69-year old suspended CPA, Morton Daniel Bohn, pled guilty to bank fraud and money laundering.

In March 2009, a twelve count indictment was returned by a federal grand jury – alleging bank fraud, false statements on loan applications and money laundering. Bohn was arrested by IRS agents and was subsequent o the indictment, agreed to pay restitution in the estimated amount of $288,171. Sentencing is set for April 6, 2010.

According to the indictment, Bohn was engaged into a scheme to defraud Countrywide Financial Corporation (”Countrywide”) of money between November 2003 and January 2004. As part of this scheme, Bohn applied for a mortgage from Countrywide to refinance…