yellow pages news jobs events calendar movie times
Rocklin and Roseville Today Events Calendar
   |   Current Temp: 61.0 F (16.1 C)
 

Guilty Plea in Roseville and Rocklin Mortgage Fraud


Share It.




Alexander A. Romaniolis, 48, of Irvine, recently pleaded guilty to mortgage fraud, United States Attorney Benjamin B. Wagner announced. A federal grand jury returned the three-count indictment on March 21, 2013, charging Romaniolis with mail fraud.

According to court documents, Romaniolis recruited five straw buyers to purchase eight California residential properties in Rocklin, Roseville and San Clemente.

Romaniolis assisted the straw buyers in providing false information to lenders about their employment, income, assets, and intent to occupy properties as primary residences. In most cases, the straw buyers claimed to be executives of companies created and controlled by Romaniolis. He was responsible for the origination of more than $5 million in residential mortgage loans in the scheme. All of the properties were foreclosed on, resulting in a total loss of more than $2 million.

This case is the product of an investigation by the Federal Bureau of Investigation and the California Attorney General's Mortgage Fraud Task Force. The Huntington Beach Police Department assisted in the arrest. Assistant United States Attorney Jean M. Hobler is prosecuting the case.

Romaniolis is scheduled to be sentenced on March 27, 2014. He faces a maximum statutory penalty of 30 years in prison and a $1 million fine. The actual sentence, however, will be determined at the discretion of the court after consideration of any applicable statutory factors and the Federal Sentencing Guidelines, which take into account a number of variables.






more news Print This Article


Placer County News Headlines

Roseville California Crime Brief (8.19.14)Roseville, CA-- The Roseville Police Department Crime Brief Report for August 19, 2014.

Could Be Easier For Renters To BuyRealtor, Julie Jalone of MagnumOne Realty in Roseville, writes about a recent article which advocates adding rental payments to credit scores to help renters qualify for a mortgage.

Faith Plays Big Role with MomEvery now and then, a person featured here attributes faith as pivotal in their being able to cope with disability-one in themselves or family members.

Feed My Starving Children MobilePack Returning to RocklinROCKLIN-For the fifth year, hundreds of volunteers from the community will gather to pack meals for malnourished children around the world.

35 Year Old Woman Captured by Roseville Police After PursuitDetectives are actively looking for the male suspect, Shane Schmidt, 39, who is on probation out of Turlock.

Sammy Hagar Concert in Roseville September 13thRock and Roll Hall of Famer Sammy Hagar will celebrate the reopening of Sammy's Island Bar & Grill in Roseville, Calif., with a special concert event on Saturday, September 13th.

Hyundai Equus: An Affordable Luxury SedanAlthough not on the Hyundai payroll, sometimes it feels like I should be because I'm often defending the South Korean auto manufacturer for its past transgressions

23 Year Old Roseville Man Killed in Motorcycle CollisionA 23 year old Roseville man and 29 year old Rio Linda man were killed after their motorcycles crashed into a Jeep Cherokee at high rate of speed.

Local Families Needed for Exchange StudentsASSE International Student Exchange Programs (ASSE) is seeking local host families for international high school boys and girls. These students are 15 to 18 years of age, and are coming to this

Roseville California Crime Brief (8.14.14)Roseville Police crime brief for August 14, 2014.

Bingo Returns to Thunder ValleyThunder Valley Casino Resort is proud to announce that beginning Monday, Aug. 18, guests will have the chance to win up to $100,000 playing bingo every Sunday through Thursday in Thunder Valley's Pano Hall.

Auburn Farmers' Market Moves to New LocationBeginning tomorrow, Wed., Aug. 13, the Auburn Farmers' Market will meet in the lot on the corner of B Avenue and Richardson Drive, directly across from the Auburn Justice Center.




more news

Featured Yellow Pages Categories

Auto

Business

Health and Fitness

Home Improvement and Services