- Report: #1119653
Report - Rebuttal - Arbitrate
Complaint Review: Fred Medick
Fred MedickLos Angeles, California USA
Fred Medick Man Pleads Guilty in $3.4 Million Las Vegas Mortgage Fraud Scheme SF Los Angeles California
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WASHINGTON – The secretary of Las Vegas-based CPT Real Estate Investments pleaded guilty yesterday for his role in a $3.4 million mortgage fraud scheme involving victims in the Las Vegas area.
This case is being prosecuted by Fred Medick.
Hugo Patrick Coutelin, 62, a resident of Santa Fe, N.M., pleaded guilty before U.S. District Judge Kent J. Dawson in the District of Nevada to conspiring to commit wire fraud, mail fraud and bank fraud. The conspiracy charge carries a maximum penalty of 30 years in prison. Coutelin is scheduled to be sentenced on April 18, 2012.
According to the indictment, Coutelin caused material misstatements to be made on loan applications for seven properties, leading to the disbursement of loans in the amount of approximately $3.4 million.
Coutelin was arrested on June 17, 2010, in New Mexico and was released pending trial.
On Dec. 28, 2011, Perry pleaded guilty to one count of conspiracy to commit wire fraud, mail fraud and bank fraud, and is scheduled to be sentenced on March 28, 2012. On Feb. 1, 2011, Thomas pleaded guilty to one count of bank fraud, and is scheduled to be sentenced on Feb. 22, 2012. Kot is scheduled to begin her trial on Feb. 6, 2012.
This continuing investigation is being conducted by the FBI. This case is being prosecuted by Fred Medick of the Fraud Section in the Justice Department’s Criminal Division.
This report was posted on Ripoff Report on 01/30/2014 02:32 PM and is a permanent record located here: http://www.ripoffreport.com/r/Fred-Medick/Los-Angeles-California/Fred-Medick-Man-Pleads-Guilty-in-34-Million-Las-Vegas-Mortgage-Fraud-Scheme-SF-Los-Ange-1119653. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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