Falsified Loan Apps Lead to Criminal Charges

Allison Tussey —  July 1, 2009 — 4 Comments

Ramon Coscolluela, 30, Union, New Jersey, a commercial loan broker, was charged by a State grand jury with one count each of theft by deception (second degree) and attempted theft by deception (second degree). Coscolluela, owner of Templar Group LLC, Newark, New Jersey, allegedly falsified five loan applications submitted to Commerce Bank in 2007 and 2008 on behalf clients who paid him fees ranging from $1,000 to $6,000.

Four of the loan applications were rejected, but a fifth loan request for $100,000 was granted. When the borrower defaulted on the loan, it prompted a bank review of the other four applications Coscolluela had submitted. Each of the applications was allegedly found to contain inflated or false information not supplied by Coscolluela’s clients. Applications submitted by Coscolluela on behalf of his clients typically contained false information about the liquid assets they possessed, the value of their homes and/or the net worth of their businesses. Coscolluela’s clients were never refunded the fees he charged them.

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Allison Tussey

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4 responses to Falsified Loan Apps Lead to Criminal Charges

  1. I was also a victim of his. I was a friend of his and he stole my identity and created 2 home loans with my information. I had no idea untilI was called by the home mortgage agencies for delinquency. I was able to short sale one home, but the other home went into foreclosure. I am now responsible for the debt and am appealing the process. I tried to take him to civil court to sue for the amount in question, I also spoke to a prosecutor back in 2007. I am just finding out he was indicted in 2009.

    • Concerned Citizen August 7, 2015 at 9:23 pm

      He is currently living in Plano, TX and his phone number is 9733683377. Hope this information helps you.

  2. Hello I recently read the post about Ramon Conscolluela from Union NJ. I was one of his clients and was trying to get a mortgage in which case i payed $1000 down for him to get me a loan. I payed him the $1000 in NJ and moved to Syracuse NY where he was supposed to be helping me get the loan for a property in Syracuse NY. However, after a week of moving to NY he stopped answering my phone calls and there was no more communication. The amount for the loan i was trying to get was $100,000. Do you have any more information on Ramon Conscolluela or if any of his clients were refunded anything?

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