Mario Coniglione, 51, Staten Island, New York, was sentenced by Monmouth County Superior Court Judge Anthony J. Mellaci, Jr. to seven years in a New Jersey state prison for stealing more than $187,000 from a pair of homeowners over a 33 month period.
The defendant was also ordered to pay restitution in the amount of $187,562.40 to the two victims. At his guilty plea in December 2015, Coniglione admitted he took payments from a Freehold couple totaling over $100,000 paid to him while purporting to act as a “broker” deceiving the couple into believing he had renegotiated the terms of their residential mortgage with their lender. Coniglione collected regular monthly payments from the couple, who believed the payments were being made towards their residential mortgage, and kept the payments for himself rather than forwarding the payments to the victim’s lender.
Coniglione also admitted he stole more than $78,000 in mortgage payments from a Jackson Township couple in a similar scheme.
Acting Monmouth County Prosecutor Christopher J. Gramiccioni announced the sentence.
This case is being prosecuted by Monmouth County Assistant Prosecutor David Fritch.