Joseph Gekko, 45, of Yorba Linda, Calif., pleaded guilty to three counts of wire fraud in connection with a mortgage fraud scheme, U.S. Attorney Benjamin Wagner announced.
Gekko’s guilty plea marks another event in a wide-ranging series of prosecutions related to Loomis Wealth Solutions, a “wealth-building” program offered to the public in California, Illinois, Washington and elsewhere, from 2006 through 2008. According to indictments, persons connected to Loomis Wealth Solutions are alleged to have committed various acts of investment fraud, mortgage fraud and money laundering.
TO READ THE FULL STORY
Cover Story: