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16 people indicted in massive mortgage fraud case in Summit County
A two-year investigation into an alleged $12 million mortgage fraud case has ended with indictments against 16 people.
The charges were announced Wednesday by the Summit County Sheriff’s Office and a mortgage fraud task force composed of local law enforcement.
Authorities said the defendants ”committed mortgage fraud by inflating the values of the homes, falsifying mortgage loan applications and skimming money from mortgage proceeds at closing.”
Investigators said they conducted about 96 interviews and obtained more than 120 subpoenas to lending institutions, title companies, real estate agencies and others.
The investigation also involved thousands of pages of documents, according to a news release.
The indictment includes 16 properties with six straw buyers in the ”Leroy Steele Conspiracy” and 24 properties with 19 straw buyers in the ”Brian Destefanis Conspiracy.”
Those indicted include Todd Cerankowski, Tiffany Gibson, Anthony Ramsey, Leroy Steele, Paul Gosden, Brian Destefanis, Shawn Anthony, Nicki McManis, Frank Ruggerio, Daniel Spahr, Hope Turner, Sonora Turner, Andrea Destefanis, Donna Destefanis, John Scordos and Otelia Simmons.
The ages and addresses of the defendants, along with the names of their attorneys, are not immediately available.
In addition, the following corporations were identified as part of the fraud cases: Dynasty 500, Inet Mortgage and T&N Financial, LES Investments and E Style Holdings and Regal Investments, P&B Investments and Renovator’s Unlimited, American Homebuyers, O.E. Simmons Realty, Skys the Limit and T.C. Appraisers.
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