INDICTMENT UNSEALED IN COUNTYWIDE MORTGAGE FRAUD SCHEME
EIGHT INDIVIDUALS DEFRAUDED 4 FAMILIES for 1.4 MILLION DOLLARS
Westchester County District Attorney Janet DiFiore and Richard H. Neiman, Superintendent of Banks for New York State announced that a 9 month long investigation by the District Attorney’s office and the New York State Banking Department's Criminal Investigations Bureau into a countywide mortgage fraud scheme that defrauded four separate families and two mortgage lenders of 1.4 million dollars lead to the indictment of eight individuals:
charging them with:
· four counts of Grand Larceny in the Second Degree, a class “C” Felonies,
· one count of Scheme to Defraud in the First Degree, a class “E” Felony and
· one count of Conspiracy in the Fourth Degree, a class “E” Felony.
Over a two year period, from December 2004 to January 2007, these defendants, acting in concert, victimized four separate families in Croton-on-Hudson, Yorktown Heights, Cortlandt Manor and the City of Mount Vernon along with two mortgage lenders, wherein they induced desperate property owners fearing the threat of foreclosure to deed their homes to “investors” with the promise that they could re-purchase their property in 12 to 24 months.
Infact, the defendants colluded to strip the property of its equity by obtaining inflated mortgages based on fictitious purchase prices using “show” checks to deceive the banks as to the actual purchase price.
On December 30th, 2004, acting in concert, Swenson, Hall, DiPietro, Shkreli, Didio, Reback, and Potash induced Mayritta and Thomas Jessamy to transfer the deed to their property located at 15 Greendale Avenue, Mount Vernon to a purported “investor”, then through a sham real estate transaction obtained the $437,750 in loan money provided by the Argent Mortgage Company to finance the deal.
On June 10th, 2005, acting in concert, Swenson, Hall, Didio, Reback, Corigliano and DiPietro, Potash and Shkreli participated in a fraudulent real estate transaction in connection with a property located at 105 Chestnut Street, in Cortlandt Manor, then through a sham real estate transaction obtained $240,000 in loan money provided by Fremont Investment and Loan.
On March 6th, 2006, acting in concert, Swenson, Hall, Didio, Reback, Corigliano and DiPietro induced Andrea Miller to transfer the deed to her property located at 2186 White Birch Drive, Yorktown Heights to a purported “investor” who was Wilma Shkreli, then through a sham real estate transaction obtained $348,000 in loan money provided by the Argent Mortgage Company.
On January 24th, 2007, acting in concert, Swenson, Didio, Reback, Shkreli and Hall induced Michelle Viehl to transfer the deed to her property located at 47 High Street, Croton-On-Hudson, to purported “investors” Grisa and Sefadin Becaj, then through a sham real estate transaction obtained $373,600 in loan money provided by Fremont Investment and Loan.
All the defendants were arraigned on the indictment in Westchester County Court.
next court appearance will be on
They face a maximum of five to fifteen years in state prison on the top count of the indictment.
Assistant District Attorney Brian Conway and Assistant District Attorney Brian Fitzgerald of the Investigations Division - Mortgage Fraud Unit - will prosecute the case.
Swenson Hall Didio Reback
Potash Corigilano DiPietro Shkreli
in compliance with Disciplinary Rule 7-107A of the Code of
Professional Responsibility, you are advised that a charge is
merely an accusation and that a defendant is presumed
innocent until and unless proven guilty.