Posted on 11/11/2015 10:39:35 AM PST by artichokegrower
Five defendants convicted in a multimillion-dollar mortgage fraud scheme last May walked into a federal courtroom in Sacramento on Tuesday morning expecting to be sentenced and packed off to years in prison.
With their families in tow, they gathered in the 14th-floor courtroom of U.S. District Judge John A. Mendez facing anywhere from three to 20 years in prison for their part in a scam that prosecutors say allowed them to obtain more than $5 million in home loans during the height of the housing boom that precipitated the economic collapse of 2008.
(Excerpt) Read more at sacbee.com ...
Welcome to America. He speaks no English although this happened prior to 2008, knew enough English to fill out fraudulent loan documents, and knew enough English to purchase luxury vehicles. Wonder if he has enough money left to buy a plane ticket back to Russia.
United States District Judge John A. Mendez (JAM)
Federal Judicial Service:
Judge, U.S. District Court, Eastern District of California
Nominated by George W. Bush on September 6, 2007, to a seat vacated by David F. Levi;
Confirmed by the Senate on April 10, 2008, and received commission on April 17, 2008.
A Bush Appointee, it figures.
Mendez, John A.
Born 1955 in Oakland, CA
Federal Judicial Service:
Judge, U.S. District Court, Eastern District of California
Nominated by George W. Bush on September 6, 2007, to a seat vacated by David F. Levi. Confirmed by the Senate on April 10, 2008, and received commission on April 17, 2008.
Education:
Stanford University, B.A., 1977
Harvard Law School, J.D., 1980
Professional Career:
Private practice, California, 1980-1984, 1986-1992, 1993-2001
Assistant U.S. attorney, Northern District of California, 1984-1986
U.S. attorney for the Northern District of California, 1992-1993
Judge, Superior Court of California, County of Sacramento, 2001-2008
The libs were right - bush’s fault.
President Trump will have to make a pretty good sized impeachment roster that the veto-proof Tea Party House and Senate can use to clean up the judiciary.
This is not the first case where this happened. Many judges are offended by the fact that the U.S. Attorney in Sacramento (that’s where most of these cases have been brought) has been prosecuting home-buyers for lying on their loan applications, but has been giving a free pass to the bank officers, brokers, appraisers and real-estate professionals who orchestrated the “liar’s loans.”
Well, he gave us John Roberts. And we saw how that turned out.
I don’t understand how buying a house you can’t afford is felonious in the first place. What do you think caused our last housing bubble, which thanks to Barney Frank et al was entirely legal?
What’s troubling is consistency in sentencing -—
“Two weeks ago, Mendez sentenced three defendants in a related $16 million mortgage fraud case to sentences of eight, 11 and 19 years, respectively.”
“Other defendants who faced prison time Tuesday included Daniil Markevich’s sister-in-law, Irina; his brothers Alex and Anatoliy; and Marina Pukhkan, Irina Markevich’s mother.
A Russian crime family. How stereotypical.
I read the article. Why wouldn’t the home be collateral? And suppose there had been an upswing in the market such that the homes were worth more than when the loans were obtained?
Isn’t this part of Obama’s program to not keep non-violent offenders out of prison?
There was no upswing, they were gambling with other people’s money, they lied on their loan documents, we taxpayers had to bail the lenders out, and they are the reason why now regardless of your credit history you have to put a 20% down payment on your home purchase.
Signing forms and swearing the information is true is the felony.
I just closed on a refi where, because of the burst housing bubble, the property appraised well under what we paid for it and no longer had the 25% equity in it based on the original loan. We moved from a 5% 30 year (that we have been paying on for 6 years) to a 3% 15 year with no cash out, about $4000 in closing costs not including escrow monies and because of our credit history and score received lender paid PMI.
A LOT OF CONSERVATIVES are buying Rand Paul / Nancy Pelosi’s lines that the MANDATORY SENTENCING is inhumane.
Sorry, but there is a DAMN GOOD REASON for those laws...as we see here with a judge that needs to be deported.
Deported?? To where??
Wherever he was born.
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