Jorge Abbud, 33, Dover, N.J., a former employee of a Parsippany, N.J., mortgage lender admitted to taking $138,402 in illegitimate proceeds of multiple home sales as a result of a mortgage fraud scheme.
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Robert G. Cusic Jr., Millstone, N.J., a New Jersey mortgage broker, admitted in federal court that he conspired with a New Jersey attorney and others to extort victims out of money and real property by falsely stating they were the subjects of criminal investigations.
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Thirteen individuals, including an alleged member and an associate of the Lucchese organized crime family, are charged with racketeering and related offenses for fraud including making false statements in a loan application to secure a fraudulent mortgage.
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Michael Williams, 33, Jersey City, New Jersey, admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a “straw buyer” to cause a lender to release more than $632,000 based on a fraudulent mortgage loan application
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John Siuszko, 55, Wharton, New Jersey, a second man admitted his role in a $40.8 million mortgage fraud conspiracy, serving as a straw buyer to cause a lender to release almost $980,000 based on a fraudulent mortgage loan application.
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Charles Harvath, 33, Lodi, N.J., admitted to conspiring to participate in a scheme which caused lenders to release more than $40.8 million based on fraudulent mortgage loan applications and conspiring to launder the proceeds of the fraud.
Harvath pleaded guilty to an information charging him with one count each of conspiracy to commit wire fraud and conspiracy to commit money laundering.
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Twelve people were indicted on 25 counts for allegedly engaging in an elaborate mortgage fraud scheme involving Paragon Federal Credit Union, Montvale, NJ. The individuals arrested include:
Jermaine Butler, 31 Jersey City, NJ,
Flavio Cardoza, 38, North Bergen, NJ,
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Ijeoma Okoh, 32, Newark, New Jersey, a former employee of the Essex County Division of Welfare was sentenced for falsifying employment records in order to qualify for a $357,050 loan to buy a home in Newark, New Jersey. Okoh was sentenced to two years of probation by Superior Court Judge Michael L. Ravin in Essex County.
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Six men were indicted by a grand jury on 10 counts involving charges that they stole more than $2.6 million from lenders by filing fraudulent mortgage loan applications. Those charged in the indictment are:
Jonathan P. Domash, 40, Marlboro, New Jersey;
Diversified Assets, Inc., owned and operated
Frederick Ugwu, 54, Upper Saddle River, N.J., a New Jersey real estate investor, was sentenced to 50 months in prison in connection with a mortgage fraud and property-flipping scheme involving rental properties in Paterson, New Jersey.
Ugwu was convicted in December 2009 after a five-week jury trial on counts of wire
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