Sunday, February 9, 2025
39.3 F
Roseville

Man Sentenced for Roseville and Rocklin Real Estate Scheme

Sacramento, Calif. – Alexander A. Romaniolis, 48, of Irvine, was sentenced by United States District Judge Troy L. Nunley to 30 months in prison and a $17,500 fine and forfeiture of more than $400,000 for mortgage fraud, United States Attorney Benjamin B. Wagner announced.

According to court documents, Romaniolis recruited five straw buyers to purchase eight California residential properties in Rocklin, Roseville, and San Clemente. Romaniolis assisted the straw buyers in providing false information to lenders about their employment, income, assets, and intent to occupy properties as primary residences. In most cases, the straw buyers claimed to be executives of companies created and controlled by Romaniolis. He was responsible for the origination of more than $5 million in residential mortgage loans in the scheme. All the properties were foreclosed on, resulting in a total loss of more than $2 million.

At sentencing, Romaniolis asked to be released for a short period so he could see his family before completing his sentence. Judge Nunley denied that request.

This case is the product of an investigation by the Federal Bureau of Investigation and the California Attorney General’s Mortgage Fraud Task Force. The Huntington Beach Police Department assisted in the arrest. Assistant United States Attorneys Jean M. Hobler and Jeff.



Brighter Side

Trending

LA-Z-Boy Home Furnishings & Décor in Roseville

Transform your living room and bedroom with La-Z-Boy's comfortable home furniture. Shop for sofas, couches, recliners, chairs, tables, mattress in a box, and more today.

Roseville Pleasant Grove Creek Trail closure for critical repairs

Roseville, Calif. - The trail crossing over Pleasant Grove Creek is closed for critical repairs between Old Coach Drive/Phillips Park and the Orchard View Road trailhead parking lot.

RG Philips Park in Roseville

RG Philips Park "This 6.5 acre park features a children’s...

Roseville welcomes US Quadball West Coast National Qualifier to Maidu Park

Roseville, Calif. - Quadball, an action-packed sport that evolved from the Harry Potter novels, will hold its only West Coast national qualifier Saturday, Feb. 8, and Sunday, Feb. 9 at Maidu Regional Park in Roseville.

The Crepe Stop in Roseville

The Crepe Stop in Roseville. Savory & Sweet. Crepes, Pancakes, Waffles, Gelato, Boba Tea.

Topics

LA-Z-Boy Home Furnishings & Décor in Roseville

Transform your living room and bedroom with La-Z-Boy's comfortable home furniture. Shop for sofas, couches, recliners, chairs, tables, mattress in a box, and more today.

Roseville Pleasant Grove Creek Trail closure for critical repairs

Roseville, Calif. - The trail crossing over Pleasant Grove Creek is closed for critical repairs between Old Coach Drive/Phillips Park and the Orchard View Road trailhead parking lot.

RG Philips Park in Roseville

RG Philips Park "This 6.5 acre park features a children’s...

Roseville welcomes US Quadball West Coast National Qualifier to Maidu Park

Roseville, Calif. - Quadball, an action-packed sport that evolved from the Harry Potter novels, will hold its only West Coast national qualifier Saturday, Feb. 8, and Sunday, Feb. 9 at Maidu Regional Park in Roseville.

The Crepe Stop in Roseville

The Crepe Stop in Roseville. Savory & Sweet. Crepes, Pancakes, Waffles, Gelato, Boba Tea.

Roseville Today Super Bowl party picks for Eagles and Chiefs game

Roseville, Calif.- This Sunday at the Superdome in New Orleans, the Philadelphia take on the Chiefs in Super Bowl 59. A super-sized rematch and unofficial national holiday of $8 million dollar commercials, food and drink and a little football.

Quarry Oaks Apartments in Rocklin

Quarry Oaks Apartments in Rocklin, Calif.

All American Sweeping Co. in Roseville

All American Sweeping's objective is to provide personalized customer service with an emphasis on professionalism, communication, responsiveness and quality at a fair price

Related Articles

Local Spotlight

NorCal Solar and Gutter Cleaning in Roseville: Keeping Your Home Safe and Efficient

Roseville, Calif. - NorCal Solar and Gutter Cleaning, founded in 2019 by Brian Rykhlyuk shortly after graduating from Roseville High School, has quickly become a trusted name in the community for gutter cleaning and solar panel maintenance services.

Making a Splash in Roseville at Steve Wallen Swim School

Roseville, Calif. - Steve Wallen Swim School in Roseville teaches swim lessons and water safety for infants, kids, and adults of all skill levels.

Sacramento Naturopathic Medical Center emphasizes the use of prevention and natural therapeutics

Sacramento Naturopathic Medical Center is a professional primary care natural medicine committed to helping all people reach their full potential – mind, body and spirit.