2 Arraigned on Mortgage Fraud Charges

admin —  December 23, 2010 — 3 Comments

James June, 50, Rockville, Maryland, formerly of South Hadley, Massachusettes, and David Tarczynski, 34, Fort Lauderdale, Florida, formerly of Chicopee, Massachusetts, entered pleas of not guilty on charges of defrauding lending institutions in connection with a loan scheme in Massachusetts and Florida.

June pleaded not guilty to charges of conspiracy, wire fraud, bank fraud and money laundering. Tarczynski pleaded not guilty to charges of conspiracy and bank fraud. Jason Foisy, 34, Port Orange, Florida, formerly of South Hadley, Massachusetts is scheduled to appear on January 10, 2010.

The indictment alleges that June, Foisy and David Tarczynski conspired to buy and refinance properties in Massachusetts and Florida by inflating income and assets and submitting false bank statements and tax returns. The indictment also alleges that the three men fraudulently obtained business lines of credit. According to the indictment, the conspiracy involved more than 100 real estate transactions and more than $50 million in mortgage financing.

If convicted on these charges, June, Foisy and David Tarczynski each face up to 30 years imprisonment, to be followed by five years of supervised release and a $250,000 fine.

United States Attorney Carmen M. Ortiz and William Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation, Boston Field Division made the announcement today. The case was investigated by the Internal Revenue Service Criminal Investigation, the South Hadley Police Department, the Massachusetts State Police and the Northwestern District Attorney’s Office. It is being prosecuted by Assistant U.S. Attorney Karen Goodwin of Ortiz’s Springfield Unit.

The details contained in the indictment are allegations. The defendants are presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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3 responses to 2 Arraigned on Mortgage Fraud Charges

  1. Fort Lauderdale FL December 16, 2011 at 5:49 pm

    I too am fraud victim as the three of them stole 275,000. My only comment is by NO means was Jason Foisy and Dave Tarzenski Pawns!
    They willingly and knowingly created false financial documents for Jim June to obtain mortgages for thier whole families!!! The whole Foisy family enjoyed lavish parties and expensive “investment” homes. It sickens me to her them cry poor me.

  2. We are quite familiar with this case, as we have suffered a financial loss as a result. There are many others as well, some known and some unknown to us, whom have also suffered losses. Both David Tarczynski and Jason Foisy, however, were merely pawns in Mr. June’s elaborate scheme to defraud. These two victims and their families have endured a great deal of collateral damage, financially and otherwise. The prosecution needs to consider the dynamics of what took place and not just what was discovered in black and white. For the sake of both gentlemen and the many other individuals whom were victimized, we hope that justice is served upon the one man responsible.

  3. Jim June was terminated from Mass Dept of Revenue and convicted of stealing 250,000 from my sister Dr Denise Cantin. He was a friend taking care of her buisness books and robbed her.

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