Hells Angels Honcho Gets Six Years in Prison

U.S. District Judge William Alsup sentenced former Hells Angels president Raymond Foakes to nearly six years in prison for his part in a multi-million dollar mortgage fraud scheme.

Foakes, 48, was also ordered to pay $1.1 million in restitution.  He was accused of fraud to obtain parcels of land in northern California and a property in Santa Rosa by making false statements on mortgage loan applications and altering bank statements.  In the loan papers, Foakes said he was the self-employed owner of “Foakes Concrete” for a decade and made $24,000 per month, according to U.S. Attorney Melinda Haag.

He pleaded guilty in October to conspiracy to commit wire fraud, bank fraud and money laundering between 2006 and 2007.  Alsup’s sentence was for five years, 10 months.

Foakes is one of several defendants indicted in the mortgage fraud conspiracy in Sept. 2011. 

Alsup’s sentence also limits Foakes’ ability to associate with other members of the motorcycle club.

Case:  U.S. v. Foakes, CR11-624WHA

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s