General Crime

* Raymond Foakes, Former President of Sonoma County Hells Angels Motorcycle Club, was Sentenced to 5 Years and 10 Months in Prison for a $10 Million Mortgage Fraud Scheme

Fugitive Watch Logo 77x77px

A former president of the Sonoma County Hells Angels Motorcycle Club has been sentenced in federal court in San Francisco to five years and 10 months in prison for his role in a $10 million mortgage fraud scheme. Raymond Foakes, 48, of Rohnert Park, was sentenced on Monday by U.S. District Judge William Alsup. The judge also ordered him to pay $1,085,000 in restitution.

Foakes pleaded guilty in October to conspiracy to commit bank and wire fraud, wire fraud and two counts of money laundering. He was one of eight people indicted by a federal grand jury in September on charges of participating in a scheme to obtain more than $10 million in fraudulent mortgage loans and refinancing loans in 2006 and 2007. The other defendants included several other motorcycle club officers and members, a loan officer and a tax preparer.

Foakes was the first to plead guilty and the first to be sentenced. Two others have pleaded guilty and are awaiting sentencing and the others are awaiting trial. U.S. Attorney Melinda Haag said that in his plea agreement, Foakes admitted to submitting a series of false statements and altered bank statements on loan applications. Haag said Foakes admitted that instead of using a property on Laguna Road in Santa Rosa as his primary residence, as stated on a loan application, he allowed it to be used as a site for growing marijuana.

In exchange for his guilty plea, prosecutors dropped an additional count in which Foakes was accused of operating premises used for growing or storing marijuana.

Copyright © 2012 by Bay City News, Inc. — Republication, Rebroadcast or any other Reuse without the express written consent of Bay City News, Inc. is prohibited.
Please call the Fugitive Watch hot line at 1-800-9-CAUGHT (1-800-922-8448) or text us at 408-355-0999 or CLICK HERE to send a confidential email tip, if you have any information that can help solve this crime.

Por favor llame la línea de Los Fugitivos en 1-800-9-CAUGHT (1-800-922-8448) o texto en 408-355-0999 o haga clic aquí para enviar un email a [email protected], si usted tiene alguna información que pueda ayudar a resolver este crimen.

Comment Advisement We welcome your thoughts, but for the sake of all readers, please refrain from the use of obscenities, personal attacks or racial slurs. All comments are subject to our terms of service and may be removed. Repeat offenders may lose commenting privileges.

Leave a Comment

Show Buttons
Hide Buttons