Two men from New York have been sentenced for their alleged involvement in a multimillion-dollar mortgage fraud scheme in Hartford, Connecticut, according to.
CT Landlords obtained $50M in fraudulent mortgage loans courant.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from courant.com Daily Mail and Mail on Sunday newspapers.
Two men from New York have been sentenced for their alleged involvement in a multimillion-dollar mortgage fraud scheme in Hartford, Connecticut, according to.
Court filings show that in one case, Jacob Deutsch went to extraordinary length - renting furniture and recruiting phony tennants - to persuade lenders to refinance BH Property Management’s $1.2 million purchase in 2017 of a 24 unit apartment building at 16 Evergreen Ave. in Hartford’s West End.
A real estate portfolio manager has pleaded guilty to charges related to mortgage fraud after he doctored financial statements and misrepresented apartment occupancy rates to secure nearly $50 million in loans, according to federal authorities.
Jacob Deutsch, 57, of Brooklyn, N.Y., admitted to participating in an elaborate plot to defraud several financial institutions, including government-sponsored Freddie Mac and Fannie Mae, and the U.S. Department of Housing and Urban Development, authorities said.