Samuel Jean-Louis, 25, Florida, pled guilty for his role in a large-scale mortgage fraud conspiracy. Jean-Louis pled to one count of conspiracy to commit wire fraud and eleven counts of wire fraud.
At the plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government’s evidence would have proven that in or about 2005 and 2006, Jean- Louis participated with others in a conspiracy to defraud mortgage lenders in connection with certain property transactions in and around the Boston, Massachusetts area.
As previously reported on Mortgage Fraud Blog, Jean-Louis acted as a mortgage broker and recruiter in the underlying scheme to defraud. Specifically, Jean-Louis prepared several mortgage loan applications containing false representations for certain property transactions and caused these applications to be submitted to mortgage lenders. As a result, the mortgage lenders wired funds, via interstate wire, to a bank account of a Boston, Massachusetts attorney responsible for closing the loans. Jean-Louis also recruited a straw borrower for a fraudulent loan application on another property transaction during the course of the conspiracy.
U.S. District Judge George A. O’Toole, Jr. scheduled sentencing for June 29, 2010. Jean-Louis faces up to 5 years imprisonment, to be followed by 3 years of supervised release and a $ 250,000 fine on the conspiracy count, and 20 years imprisonment, to be followed by up to 3 years of supervised release and up to a $250,000 fine on each count of wire fraud.
The announcement was made by United States Attorney Carmen M. Ortiz, Warren T. Bamford, Special Agent in Charge of the Federal Bureau of Investigation – Boston Field Division, Susan Dukes, Special Agent in Charge of the Internal Revenue Service, Criminal Investigations – Boston Field Office, Randy Miskanic, Inspector in Charge of the U.S. Postal Inspection Service and Boston Police Commissioner Edward Davis.
The case was investigated by the Federal Bureau of Investigation, Internal Revenue Service and United States Postal Inspection Service, with assistance from the Boston Police Department. It is being prosecuted by Assistant U.S. Attorneys Victor A. Wild and Ryan M. DiSantis of Ortiz’s Economic Crimes Unit and Assistant U.S. Attorney Mary Murrane of Ortiz’s Asset Forfeiture Unit.