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$2M Scheme: 6 Steal Property Deeds, Obtain Fraudulent Loans In New Rochelle, Yonkers, DA Says
Six people, including a licensed real estate broker and salesperson, and a corporation, have been charged with defrauding homeowners in Westchester and fraudulently obtaining $2 million in loans by stealing property deeds, DA officials said.
The six defendants involved in the scheme, including three Westchester residents and a Long Island man, were arrested and arraigned in late June for their role in a scheme that allegedly defrauded homeowners in Yonkers and New Rochelle, the Westchester County District Attorney's Office announced on Monday, July 3.
According to officials, the…
Man Admits To Conspiring With Maryland Brother To Obtain Federal Housing Loan
The brother of a Baltimore business owner has admitted to falsely claiming his brother's bank balance and activity to obtain a federal housing administration loan, officials say.
Calvin Abramowitz, 48, of Lakewood, New Jersey, has been ordered to pay $209,036 after pleading guilty to bank fraud, according to the Department of Justice.
Abramowitz and his brother, Philip Abramowitz, age 40, of Pikesville, Maryland, conspired to defraud at least one financial institution to obtain Federal Housing Administration loans and property under false pretenses, officials said.
Philip Abramow…
