Friday, July 20, 2012
Former Realtor and developer convicted for conspiring with others to defraud lenders of more than $7 million.
U.S. District Judge Gerald Bruce Lee today sentenced Nadin Samnang, of Ashburn, to seven years in prison and another three of supervised released for orchestrating a mortgage fraud scheme that resulted in more than $7 million in losses for lenders. Samnang, 29, was indicted in December 2011. A jury convicted him in April of conspiracy, nine counts of wire fraud and two counts of mail fraud. On July 19, Judge Lee also ordered Samnang to pay restitution to the lenders involved and to forfeit to the United States nearly $1 million in proceeds from his unlawful actions. The former Realtor and Washington, DC, developer engaged in a scheme from 2006 to 2008 that involved at least 25 Northern Virginia homes and defrauded mortgage lenders, …
Monday, May 21, 2012
The alleged conspiracy involved a home in Gainesville and five others.
Monday, May 21, 2012
An Ashburn resident was among five people who pleaded guilty to $1.5 million mortgage fraud conspiracy together involving a home in Gainesville, VA. In addition, a federal grand jury has indicted a sixth person for his alleged role in the real estate transaction. A four-count federal indictment issued May 17 alleges that Centreville resident Jea Min Lee engaged in a scheme with the other conspirators—including Jai Sek Lee, a 50-year-old Ashburn resident—to persuade financial institutions to make loans based on fraudulent information. The conspiracy allegedly involved a mortgage broker, an unqualified straw buyer, an executive from a title company, and multiple intermediaries who prepared and approved fraudulent loan documents, according to…
Monday, December 19, 2011
Court records accuse Ashburn resident Nadin Samnang of falsifying loan applications to help unqualified buyers purchase property.
A federal grand jury has indicted an Ashburn man who investigators say was the mastermind behind a $7 million mortgage fraud scam. Nadin Samnang, 29, faces up to 20 years in prison for each of the 12 counts of conspiracy and mortgage fraud charges. According to court documents, the transactions started in 2006 up until 2008 and involved more than $7 million in losses to lenders and 25 different homes from Ashburn to Woodbridge. Samnang is accused of using his jobs as owner of NDS Title in Herndon and as a Realtor for Monorom Realty and Fairfax Realty to allegedly defraud lenders and profit from the loan proceeds, commissions and kickback payments. The indictment states that Samnang and his co-conspirators recruited unqualified buyers who …
Tuesday, February 22, 2011
State and county prosecutors are anxious to try Atari’s case after a lengthy extradition ordeal.
Turkish authorities turned over an Ashburn woman charged with credit fraud, money laundering and criminal racketeering to U.S. authorities last week and she faced arraignment Tuesday afternoon. Diane H. Frederick Atari, 43, was indicted in July 2009, but fled the country. Working with INTERPOL, the Loudoun County Sheriff’s Office and the Virginia Attorney General’s office, extradited Atari from Turkey to finally face charges. During the arraignment, Atari said she would obtain her own attorney, but did not identify one. Her next court appearance was set for 9 a.m. March 11. According to the charges, Atari is alleged to have fraudulently obtained more than $50 million in mortgages for more than 100 clients, netting more than $1 million in …