Sentences in New York Straw Buyer Fraud

Rachel Dollar —  October 16, 2017 — Leave a comment

Angelo Louissaint, 42, West Babylon, New York, and Jennifer Johnson, 42, West Babylon, New York, were sentenced after having been convicted of conspiring to commit mail and wire fraud.  The convictions were for their role in a mortgage fraud scheme that victimized Flaherty Funding, a mortgage company located in Rochester, New York. Louissaint was sentenced to 30 months in prison. Johnson was sentenced to five years probation to include six months home detention.

Assistant U.S. Attorney John J. Field, who handled the case, stated that the defendants worked together to prepare false mortgage applications in the names of straw buyers and used fraudulent supporting documents. Louissaint and Johnson worked together with another individual, against whom charges remain pending, to concoct the scheme to obtain mortgage loans from Flaherty Funding using fraudulent information. As a result of the scam, the defendants successfully obtained approximately $1,200,000 in loans, and sought an additional $900,000 for loans that ultimately did not close.

Acting U.S. Attorney James P. Kennedy, Jr. announced today that The sentencings are the culmination of efforts by the United States Postal Inspection Service, Boston Division, under the direction of Inspector-in-Charge Shelly Binkowski; the United States Postal Inspection Service, New York Division; and the Federal Bureau of Investigation, under the direction of Adam S. Cohen, Special Agent-in-Charge.

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Rachel Dollar

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