uBox CEO Roscoe Umali sentenced to 18 years+ in prison
Roscoe Umali first popped up on BehindMLM’s radar in early 2015, as the CEO and President of uBox.
uBox was part of the brief MLM streambox craze. The company marketed devices that accessed copyrighted content uBox didn’t hold the rights to.
In April 2016 Umali was arrested for morgage fraud. The DOJ alleged Umali was the ringleader of a $3.8 million dollar mortgage scam.
Umali plead guilty to the charges and was sentenced on August 18th.
Prosecutors from the DOJ asked for a sentence of 240 months (20 years).
The DOJ claimed Umali (right) was “much more culpable” than his co-defendants and ‘was very involved in managing and supervising the scheme‘.
Umali’s attorney made a number of objections, all of which were overruled with the exception of an obstruction of justice charge.
Umali’s motehr than sister were also permitted to make a statement at the hearing in his defense.
Upon consideration of the statement and his objections, Judge Cacheris sentenced Umali to 220 months (18 years and 8 months) with credit for time served.
Umali was also ordered to pay a $1.25 million dollar fine via a forfeiture restitution order.
Umali was remanded to the custody of the United States Marshal Service after the sentencing hearing and will serve his time in a Californian prison.
Ok, he is guilty. But… 18 years isn’t too much? The problem was:
[*] Ponzy Scheme
[*] Pirate copyrighted content
So… Pirate is worst than a ponzy scheme? Men… I need to stop to download illegal things.
Umali went down for mortgage fraud. Had nothing to do with Ponzi schemes or copyrighted content.
What was his fraud? We hear about people who kill people getting half this time or none for manslaughter.
Mortgage fraud—-a crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have not been obtained had the lender or borrower known the truth.
To get a sentence this long suggests the guy is a repeat offender.
Umali was the ringleader of a mortgage fraud ring. Details linked in the article.
Falsely using Federal Government seal, falsely claiming to be able to help home owners modifying their mortgage, causing the home owners to lose their houses, and pocking the money involved, falsely claim to be non-profit, and dozens of other illegal behaviors.
If they massed millions of dollars, that suggests hundreds of families scammed, and their credit ruined by fraud.