Defendents Charged in Running “Pay-Stub” Factory

admin —  February 1, 2010 — Leave a comment

Irma Tocco, 60, Brentwood, New York, Victor Jinete, 35, East Islip, New York, Luis Lino, 46, Hauppauge, New York, Martha Huezo, 38, Mastic Beach, New York, Thomas Rosales, 39, Mastic Beach, New York, and Connie Salas aka Martha Marrero, 46, Brentwood, New York, have been charged with creating fake paystubs and federal W-2 forms to fraudulently obtain $5.9 million in fraudulent mortgages from Emigrant Mortgage Company, Wells Fargo Home Mortgage, National City Mortgage and other lenders.

Martha Huezo and Luis Lino a real estate broker for Millennium Homes, Bay Shore, New York, and Easy Homes Realty, Brentwood, New York, pleaded not guilty to forgery and other charges at their arraignments.

The Suffolk County District Attorney’s office handed up an 82-count indictment on December 24 of last year. The indictment alleges the fraudulent procurement by six defendants of $5,986,860 in mortgages for 21 properties in Brentwood, Central Islip, Holbrook, West Babylon, Amityville and Nesconset, New York. “The phony documentation established phantom incomes and jobs to convince banks to lend to borrowers who otherwise would not have qualified for the mortgages,” Suffolk County District Attorney Thomas Spota said.

District Attorney Spota said the investigation began last March when mortgage fraud unit investigators executed a search warrant at the office of tax preparer Irma Tocco. “Inside, we seized phony pay stubs, federal W-2 forms and bank statements – documents we believe Ms. Tocco prepared for submission by mortgage bankers, realtors and mortgage brokers to get loans under false pretenses,” DA Spota said. “We also recovered numerous handwritten requests from these real estate professionals for these fraudulent documents.”

Tax preparer Irma Tocco is charged in the indictment with 47 counts of falsifying business records in the first degree, 11 counts of forgery in the second degree, multiple charges of residential mortgage fraud and other crimes. Co-defendant Victor Jinetea former Branch Manager of National City Mortgage, is charged with 31 counts of falsifying business records in the first degree, four counts of forgery in the second degree, multiple charges of residential mortgage fraud in the third degree and other charges.

The crisis in today’s real estate market is due in large part to unscrupulous individuals who would break the law to close a deal and earn a commission. This office will continue to hold these people accountable for their role in undermining our local economy,”

The defendants charge sheet:

Irma Tocco

3 Counts of Residential Mortgage Fraud in the Third Degree

5 Counts of Grand Larceny in the Third Degree

11 Counts of Forgery in the Second Degree

13 Counts of Criminal Possession of a Forged Instrument in the Second Degree

47 Counts of Falsifying Business records in the First Degree

1 Count of Scheme to Defraud in the First Degree

1 Count of Residential Mortgage Fraud in the Fourth Degree

1 Count of Residential Mortgage Fraud in the Fifth Degree

Victor Jinete

3 Counts of Residential Mortgage Fraud in the Third Degree

2 Counts of Grand Larceny in the Third Degree

4 Counts of Forgery in the Second Degree

6 Counts of Criminal Possession of a Forged Instrument in the Second Degree

31 Counts of Falsifying Business records in the First Degree

1 Count of Residential Mortgage Fraud in the Fourth Degree

1 Count of Residential Mortgage Fraud in the Fifth Degree 

Connie Salas a/k/a Martha Marrero a/k/a Martha Salas

2 Counts of Grand Larceny in the Third Degree

6 Counts of Falsifying Business records in the First Degree

1 Count of Scheme to Defraud in the First Degree 

Thomas Rosales

1 Count of Grand Larceny in the Third Degree

6 Counts of Forgery in the Second Degree  

Luis Lino

1 Count of Grand Larceny in the Third Degree

6 Counts of Forgery in the Second Degree  

Martha Huezo

1 Count of Forgery in the Second Degree

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