Loudoun residents sentenced in federal court
Anthony R. Bilby, 40, of Leesburg was was sentenced on Feb. 24 to 16 months in prison followed by two years of supervised release for charges of conspiracy to commit wire fraud and major government fraud. He also has to surrender $1.06 million he earned from the conspiracy. Bilby pleaded guilty on Dec. 2, 2014.
From April 2007 through November 2012, while Bilby was employed by two service-disabled veteran-owned businesses, he obtained numerous government contracts through fraud and misrepresentation. Bilby had nominal competitors to submit inflated bids while he submitted bids on behalf of his employers. He was able to access the procurement process through co-conspirators within the government, who knew how much money the government was willing to pay.
In total, Bilby and his co-conspirators received $33 million in federal contracts through illicit practices.
Ging-Hwang "Felicia" Tsoa, 59, of the Broadlands, was sentenced on Feb. 21 to 30 months in prison and three months of supervised release for her role in a mortgage fraud scheme. Tsoa was also ordered to pay $1.4 million in restitution to lenders and forfeit $45,738 that she earned from her crimes.
A federal jury convicted Tsoa of conspiracy and bank fraud on Nov. 15, 2013.
According to court record and evidence, a loan officer at First Empire Mortgage in Fairfax and Lifetime Financial Services in Herndon, Tsoa helped obtain fraudulent mortgage loans to purchase residential real estate in Northern Virginia. Her and co-conspirator Robert Mikail recruited five "straw-buyers" to serve as nominal purchasers. Mikail, Bing-Sing "Cindy" Wang, who owns Lifetime Financial Services, and Tsoa would falsify information on the loan applications in order to get the loans approved and earn commission from the sales. Nearly all of the loan applications listed Mikail's Ashburn jewelry store, Opus Jewelery, as the borrower's employer.
In total, 36 homes around Ashburn were bought from 2005 to 2007, with $19.9 million in loans disbursed. Tsoa was the loan officer on at least nine of the 36 transactions.
Wang pleaded guilty in November of 2012 and was sentenced to 24 months in prison; Mikail pleaded guilty in July 2013 and was sentenced to 52 months in January.
Be the first to post a comment!
Post a commentCommenting is not available in this channel entry.
Comments express only the views of the author and do not necessarily reflect the views of this website or any associated person or entity. Any user who believes a message is objectionable can contact us at [email protected].