Stephan Balino & Welton Kalani Found Guilty of Mortgage Fraud

Stephan Balino & Welton Kalani Found Guilty of Mortgage Fraud. Nashua Cops refuse to prosecute mortgage forgery and wire fraud

Stephan Balino & Welton Kalani Found Guilty of Mortgage Fraud video duration 35 Second(s), published by upload4949 on 21 12 2011 - 06:42:19.

Following a nine day trial, a jury found two Honolulu mortgage brokers guilty of offenses stemming from a mortgage fraud and money laundering scheme on Ron Siegel discusses local and national current events, politics, personal and business finance with a few mortgage tips along the way
A Southern California .

Be sure to SUBSCRIBE to our Channel
New 'Firm Facts: Did you know?' videos posted every Wednesday with the best content to keep you informed and aware This video is meant as an educational resource to prepare borrowers for the loan process
NMLS 1579
25 S Park Pl, Newark OH 43055 *Title music by Justin

Following a nine day trial, a jury found two Honolulu mortgage brokers guilty of offenses stemming from a mortgage fraud and money laundering scheme on Friday.\r
\r
According to the U.S. Department of Justice, 48-year-old Welton Kalani, was found guilty on twelve counts of conspiracy, mail and wire fraud, money laundering, and obstruction of justice.\r
\r
51-year-old Stephan Balino was found guilty on seven counts of conspiracy, mail and wire fraud, making false statements on loan applications and money laundering.\r
\r
According to information produced in court, Kalani and Balino owned mortgage brokerage companies offering loans to the public. Kalani was the co-owner of Accel Mortgage, LLC and Balino was the owner of New Horizons Finanical. Both companies maintained offices in Downtown Honolulu.\r
\r
Court evidence showed Kalani, Balino and others identified homeowners in financial trouble and offered them an opportunity to stay in their homes rent-free by transferring the title to others temporarily.\r
\r
Kalani and Balino promised the homeowners that a \