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Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

Minnesota Real Estate Investor Sentenced for $420 Million Bank Fraud Scheme

by Phil Hall | Dec 12, 2025 | Commercial Real Estate News, Current News & Events, Real Estate Investing, Real Estate News, WRE News Exclusive

Matthew Thomas Onofrio, a Minnesota real estate investor who previously worked as a nurse anesthetist, was sentenced to 36 months in federal prison for carrying out a $420 million bank fraud scheme. According to the charges against him, Onofrio used online...
NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House

NYC Man Pleads Guilty to Using Mortgage Fraud for Buying Maine Marijuana Grow House

by Phil Hall | Dec 11, 2025 | Current News & Events, Mortgage Information, Real Estate News, WRE News Exclusive

A New York City man pleaded guilty in US District Court in Bangor, Maine, to submitting a false mortgage loan application and illegally maintaining a marijuana-involved premises. According to court records, Ken Yiu, purchased a house in Saint Albans, Maine, using an...
Owner of Minnesota Lodge Resort Charged with Torching the Property

Owner of Minnesota Lodge Resort Charged with Torching the Property

by Phil Hall | Dec 5, 2025 | Commercial Real Estate News, Current News & Events, Real Estate News, WRE News Exclusive

The owner of a historic lodge in Lutsen, Minnesota has been arrested for starting the February 2024 fire that destroyed the property. Located along Lake Superior, Lutsen Resort dated back to 1885 and was promoted as Minnesota’s oldest resort. The New York Post...
Execution Date Set for Killer of 2 Georgia Realtors

Execution Date Set for Killer of 2 Georgia Realtors

by Phil Hall | Dec 5, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

The State of Georgia has announced the execution date for Stacey Ian Humphreys, who was convicted 22 years ago in the murder of two realtors. 11alive.com reports Stacey Ian Humphreys will be put to death by lethal injection on Dec. 17. This will be the state’s first...
2 Mexican Nationals Arrested for Fraudulent Home Sales

2 Mexican Nationals Arrested for Fraudulent Home Sales

by Phil Hall | Nov 28, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

A pair of Mexican nationals were arrested for fraudulently selling San Diego properties they did not own. According to the charges brought against them, Victor Hugo Villalobos Almazan and Nayeli Noemi Montoya Rodriguez pretended to be the owners of vacant or...
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