Anna S. Lee, 54, Englewood Cliffs, New Jersey, and her daughter, Jennifer H. Lee, 25, New York City, New York, were arrested on Monday, April 14, 2014, in connection with an alleged real estate loan scam wherein the defendants fraudulently obtained over $300,000 in payments from victims for loan modifications services.
The investigation revealed that Anna Lee represented several victims in loan modifications agreements for their residence and/or rental properties. Anna Lee fraudulently obtained over $300,000 in payments from the victims allegedly for loan modifications services to include attorney fees, escrow funds and processing fees, but used the money for personal expenditures causing several victims’ properties to be placed in foreclosure status. Anna Lee laundered the money through her New Jersey Corporation, Donche Consulting Corporation. In addition, her daughter, Jennifer Lee, laundered monies received from the fraudulent loan modification scheme through her personal bank accounts.
Anna S. Lee was charged with N.J.S.A 2C: 21-25C, Money Laundering, a crime of the first degree; N.J.S.A 2C:5-2A(1), Conspiracy to commit Money Laundering, a crime of the second degree; N.J.S.A 2C: 20-4A, Theft by Deception, a crime of the second degree and N.J.S.A 2C: 21-9C, Misconduct by a Corporate Officer. Jennifer H. Lee was charged with N.J.S.A 2C: 21-25C, Money Laundering, a crime of the first degree; N.J.S.A 2C:5-2A(1), Conspiracy to commit Money Laundering, a crime of the second degree.
The Honorable Edward A. Jerejian, J.S.C. set bail for each defendant at $75,000.00 with no 10% option with the surrender of their passports.
Bergen County Prosecutor John L. Molinelli announced the arrests.
Prosecutor Molinelli states that the charges are merely accusations and the defendants are presumed innocent unless and until proven guilty beyond a reasonable doubt.
The charges are the result of an investigation conducted by members of the Bergen County Prosecutor’s Office White Collar Crimes Squad under the direction of Acting Chief Carmen Martino and the New Jersey Department of the Treasury, Office of Criminal Investigation, under the direction of Special Agent in Charge Charles E. GIBLIN.