Friday, Aug. 5, 2011 | 2:30 p.m.
Joseph Lawrence Yorkus
District Court Judge Linda Bell sentenced a Las Vegas man to a state prison term of two to 8 1/2 years in connection with a mortgage scam involving 55 homeowners, the Nevada Attorney General's Office announced today.
Joseph Lawrence Yorkus, 50, also was ordered to pay victims a combined $346,155 in restitution for schemes related to mortgage fraud, mortgage rescue fraud, credit repair and collection enterprises.
“Mr. Yorkus took advantage of local homeowners who were already struggling to make their monthly mortgage payments,” Attorney General Catherine Cortez Masto said. “He stole those payments and placed these homeowners in peril of losing their homes.”
Yorkus created Great Western Business Services, Sundance Consulting, BAC Collections, Learn Your Rights and Fresh Start Consulting and used them to obtain money from unsuspecting homeowners, placing them in jeopardy of losing their residences.
He pleaded guilty to one count of mortgage fraud for sending correspondence to local homeowners advising them that their mortgages, legally held by Bank of America, had been transferred to Great Western. He also advised the homeowners that future mortgage payments should be made to Great Western.
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