Indictment Unsealed in NY Mortgage Fraud Scheme

Allison Tussey —  August 26, 2009 — Leave a comment

After a 9 month investigation, 8 individuals have been indicted for a Westchester County, New York mortgage fraud scheme that defrauded four separate families and two mortgage lenders of 1.4 million dollars:

Doreen Swenson, (DOB 10/26/48) of 31 West Elizabeth St., Tarrytown, New York,
Hubert “Phil” Hall, (DOB 09/05/48) of 31 West Elizabeth St., Tarrytown, New York,
Mildred Didio, (DOB 10/05/64) of 467 Central Park West, New York, New York,
David Reback, (DOB 04/23/42) of 22 Woodland Drive, Rye Brook, New York,
Eileen Potash, (DOB 08/01/57) of 75-21 169 St., Fresh Meadows, New York,
Frank Corigilano, (DOB 10/04/64) of 174 Brushy Hill Road, Newtown, Connecticut,
Amerigo DiPietro, (DOB 08/20/50) of 40 Guinea Rd., Brewster, New York,
Wilma Shkreli aka Wilma Gecay, (DOB 03/26/77) of 20 Valley Road, Westwood, New Jersey,

The indictment charges the defendants with four counts of Grand Larceny in the Second Degree, one count of Scheme to Defraud in the First Degree, and one count of Conspiracy in the Fourth Degree.

Over a two year period, from December 2004 to January 2007, these defendants, acting in concert, victimized four separate families in Croton-on-Hudson, Yorktown Heights, Cortlandt Manor and the City of Mount Vernon, New York along with two mortgage lenders.  They induced desperate property owners fearing the threat of foreclosure to deed their homes to “investors” with the promise that they could re-purchase their property in 12 to 24 months.

In fact, the defendants colluded to strip the property of its equity by obtaining inflated mortgages based on fictitious purchase prices using “show” checks to deceive the banks as to the actual purchase price.

On December 30th, 2004, acting in concert, Swenson, Hall, DiPietro, Shkreli, Didio, Reback, and Potash induced Mayritta and Thomas Jessamy to transfer the deed to their property located at 15 Greendale Avenue, Mount Vernon, New York, to a purported “investor”, then through a sham real estate transaction obtained the $437,750 in loan money provided by the Argent Mortgage Company to finance the deal.

On June 10th, 2005, acting in concert, Swenson, Hall, Didio, Reback, Corigliano and DiPietro, Potash and Shkreli participated in a fraudulent real estate transaction in connection with a property located at 105 Chestnut Street, Cortlandt Manor, New York, then through a sham real estate transaction obtained $240,000 in loan money provided by Fremont Investment and Loan.

On March 6th, 2006, acting in concert, Swenson, Hall, Didio, Reback, Corigliano and DiPietro induced Andrea Miller to transfer the deed to her property located at 2186 White Birch Drive, Yorktown Heights, New York, to a purported “investor” who was Wilma Shkreli, then through a sham real estate transaction obtained $348,000 in loan money provided by the Argent Mortgage Company.

On January 24th, 2007, acting in concert, Swenson, Didio, Reback, Shkreli and Hall induced Michelle Viehl to transfer the deed to her property located at 47 High Street, Croton-On-Hudson, New York, to purported “investors” Grisa and Sefadin Becaj, then through a sham real estate transaction obtained $373,600 in loan money provided by Fremont Investment and Loan.

All the defendants were arraigned on the indictment in Westchester County Court, New York.

Their next court appearance will be on September 9th, 2009.

They face a maximum of five to fifteen years in state prison on the top count of the indictment.

Westchester County District Attorney Janet DiFiore and Richard H. Neiman, Superintendent of Banks for New York State announced the indictments.  Assistant District Attorney Brian Conway and Assistant District Attorney Brian Fitzgerald of the Investigations Division – Mortgage Fraud Unit – will prosecute the case.

 

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Allison Tussey

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