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Friday, April 6, 2012

CA - Hells Angels leader sentenced for home loan fraud

OFF THE WIRE
A second Hells Angels leader from the North Bay has been sentenced to federal prison for home loan fraud.
Josh Leo Johnson, 36, of Santa Rosa, vice president of the motorcycle club's Sonoma chapter, was given a one-year sentence Wednesday in San Francisco by U.S. District Judge William Alsup, with the first six months to be spent in prison and the rest in home detention. Alsup also ordered him to pay $130,000 in restitution to the lender, Sun Trust Mortgage.
Johnson pleaded guilty in December to making false statements about his finances to get a loan for a home in Healdsburg in 2007. He lived in the home briefly before selling it.
His lawyer, Brendan Conroy, said in court papers that Johnson has worked for a construction company since 1998 and had no criminal convictions between that year and the current case.
Johnson was one of seven defendants indicted in September on charges of conspiring to defraud banks by falsifying loan applications for real estate in San Francisco and several North Bay communities in 2006 and 2007.
Raymond Foakes, a former president of the Hells Angels Sonoma chapter, pleaded guilty to fraud and money-laundering and was sentenced to nearly six years in prison by Alsup in January. The lead defendant, mortgage broker Jacob Moynihan of San Francisco, has pleaded not guilty to charges of conspiring to arrange more than $10 million in fraudulent home loans.

Read more: http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2012/04/05/BAHK1NVGD2.DTL#ixzz1rHHMg03A