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Business

Rochester developer Robert C. Morgan is already free to sell or transfer his properties without interference from government prosecutors, even without a desired court order, a federal court said this week. Attorneys for Morgan and other developers had sought the court's intervention because they said the government's words and actions were hindering their ability to sel…

Business

National mortgage finance company Fannie Mae and a major provider of title insurance for commercial properties are ordering extra scrutiny for any new purchase or refinance transactions involving properties owned by Rochester developer Robert C. Morgan. The new directives from Washington, D.C.-based Fannie Mae and Stewart Title Insurance Co. demonstrate a tightening of …

Business

Robert C. Morgan, the embattled Rochester developer who faces federal mortgage fraud charges, has transferred about half of his properties to a joint venture with a Pennsylvania company, according to court documents. An affiliate of the joint-venture partner also has taken over management of at least one of the properties, according to the documents. The joint-ventur…

Watchdog

Mike Donoghue has known Rochester developer Robert Morgan for more than a decade, as a personal friend and a partner in a relocation business. So it was only natural five years ago for the owner and president of Rochester-based Premium Mortgage to put $500,000 of his own money into investment funds that Morgan had just started. "I knew he had funds, and I asked if I co…

Courts

For the second time in 10 years, a former banking executive from Williamsville has pleaded guilty to federal fraud charges, according to prosecutors. Robert C. Logel faces up to 20 years in prison and a $250,000 fine after he pleaded guilty last week in federal court to tax evasion and wire fraud charges, the U.S. Attorney's Office said. Logel, 55, was sentenced to f…

Crime

A Kenmore man pleaded guilty Thursday to wire fraud as part of a debt collection scheme, the U.S. Attorney Western District of New York Office announced. Carmelo Collana, 49, pleaded guilty before U.S. District Judge Richard J. Arcara to conspiracy to commit wire fraud. The charge carries a maximum penalty of 20 years in prison and a $250,000 fine. Assistant U.S. Att…

Amherst

The federal fraud indictment that points an accusatory finger at two executives of Rochester's Morgan Management and two mortgage brokers also creates unwanted attention for two other players in Buffalo's real estate industry. While Brett Fitzpatrick and Aaron Siegel have not been charged or even named, last week's indictment alleges fraud occurred with one of their pro…

Local News

A retired police detective in Boston, Mass., who was convicted of wire fraud, was sentenced to three months of home confinement followed by two years of supervised release, according to the U.S. Attorney's Office Friday. Daniel Rice, 53, was sentenced by U.S. Senior District Judge William M. Skretny for his role in aiding and abetting Michael Wilson, 30, a former Hambur…

A Williamsville man took investors' money and promised  to produce, market and distribute cosmetic and healthcare products, federal prosecutors say. But instead of using the money as promised, Logel spent most of the funds on himself, federal investigators said. Robert C. Logel, 53,  was arrested and charged Tuesday in federal court with wire fraud . Logel already…