A fraud ring was shut down. Then cops say they realized lawyers were in on it.

A married couple’s lucrative foreclosure fraud should’ve ended when they were convicted and locked up behind bars. But the illegal money kept flowing their way — thanks to two lawyers who were helping carry out the fraud, authorities say.

Loading...

Load Error

The lawyers, Rashida Overby, 46, and Ria Sankar-Balram, 40, were working in concert with the couple, using their expertise to help steal nearly $750,000 in surplus funds from the sale of foreclosed homes, Broward sheriff’s investigators say.

It was one of the larger schemes to play out in a South Florida: Unsuspecting homeowners — many in over their head with mortgages — were unknowingly being taken advantage of. The married couple, Illya and Patricia Tinker, were part of a ring that illegally took ownership of dozens of homes through the mastery of falsified paperwork. The thieves were making out big — some $12 million in real estate value big,

Read More Read more

Defense Contractor Accused Of PPP Fraud Can Go Free On $2 Million Bail

A federal judge decided Friday that a Honolulu-based defense contractor accused of bilking the Paycheck Protection Program of $12.8 million can be released on $2 million bond while he awaits trial.

Martin Kao, the CEO of Navatek LLC faces multiple counts of bank fraud and money laundering for allegedly falsifying loan documents used to gain access to federal funds meant to help small businesses survive the economic fallout of the coronavirus pandemic.

He was arrested by federal agents in Honolulu on Wednesday and is being held in the Federal Detention Center. The detention hearing was held via telephone on Friday morning.

Martin Kao is seen here in a 2013 interview with Hawaii News Now.

Courtesy: Hawaii News Now

Federal prosecutors argued that Kao was a flight risk and that he should not be released from federal custody because he has millions of dollars in assets and legal status in Taiwan,

Read More Read more