A Queens grand jury says five people used stolen identities and forged licenses to take out a $688,000 cash-out mortgage on a Flushing home the defendants did not own. The real homeowners kept living in it.
For three years a Victoria mortgage broker promised short-term real estate bridge loans paying returns no honest loan could carry. PricewaterhouseCoopers later found the loans were never there. On Friday, Greg Martel was arrested in the country of Georgia.
Nathaniel Anderson sold his foreclosed Willingboro home to a business associate, swore he would leave, and stayed. A federal jury saw through it. On June 1, a judge sent him to prison.
Levelle Joseph Harris already owed the federal government $1.28 million for stealing pandemic relief. To pay it off, prosecutors say, he ran a second scheme. The court called it a bogus mortgage deal. The trapdoor opened twice.