Florida Man Charged Making False Statements to Lenders

Allison Tussey —  July 21, 2010 — 5 Comments

Stanley Gabart, 29, Miami, Florida, has been charged with mortgage fraud. The defendant surrendered on Thursday, July 8, 2010, and made his initial appearance in West Palm Beach federal court.

The two-count information charges defendant Gabart with conspiracy to commit bank fraud and making false statements on loan applications to Bank of America and JP Morgan Chase Bank, N.A., in connection with the purchase of various properties. If convicted, the defendant faces a maximum statutory term of imprisonment of 30 years on each count.

Among the properties listed in the information are 3586 Royalle Terrace, Wellington, Florida; 10475 Trianon Place, Lake Worth, Florida, and 540 West Avenue, #1414, Miami Beach, Florida. According to the allegations in the information, Gabart conspired with others to submit loan applications for the properties that contained false information about the applicants’ employment, income, assets and intention to live in the homes. In addition, Gabart allegedly recruited straw purchasers and paid the straw purchasers a fee for participating in the scheme. The fraud scheme resulted in more than $7 million in losses to several banks.

An information is merely an accusation and a defendant is presumed innocent unless and until proven guilty.

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation, Miami Field Office, Henry Gutierrez, Postal Inspector in Charge, U.S. Postal Inspection Service, J. Thomas Cardwell, Commissioner, State of Florida’s Office of Financial Regulations, Amos Rojas, Jr., Special Agent in Charge, Florida Department of Law Enforcement, and Alex Sink, Chief Financial Officer, Florida Department of Financial Services, announce the July 6, 2010 filing of the criminal information. 

This case is the result of the investigative efforts of the multi-agency Palm Beach Mortgage Fraud Task Force. Mr. Ferrer commended the investigative efforts of the FBI, U.S. Postal Service, State of Florida’s Office of Financial Regulation, FDLE, and State of Florida’s Department of Financial Services. The case is being prosecuted by Assistant U.S. Attorney Ellen Cohen.

Allison Tussey

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5 responses to Florida Man Charged Making False Statements to Lenders

  1. Josefina Roubicek August 12, 2010 at 9:16 pm

    why do you say that?

  2. oltan comes froma a family of mental disorders

  3. Josefina Roubicek July 22, 2010 at 5:13 am

    my x husband did this 2. he now leaves in west covina . 818 481-9606. now his married 2 a woman with good credit to do the same 2 her like he did his 2nd wife

  4. Josefina Roubicek July 22, 2010 at 5:11 am

    my x husband sean oltan did this is florida……..

  5. LoL..the Florida state department of Financial Regulation is useless…unless the FBI tells them there is a fraud they pass it off..when it is reported to them they do nothing…piggybackers!

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