ROCHESTER — Forty-two-year-old Angelo Loissaint, and forty-one-year-old Jennifer Johnson, both of West Babylon, pleaded guilty to conspiring to commit mail and wire fraud before U.S. District Elizabeth A. Wolford for their role in a mortgage fraud scheme that victimized Flaherty Funding, a mortgage company located in Rochester.
Assistant U.S. Attorney John J. Field, who is handling the case, stated that the defendants worked together to prepare false mortgage applications in the names of straw buyers and used fraudulent supporting documents. Loissant 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.
Sentencing for Loussaint and Johnson is scheduled for July 12.
from US Dept. of Justice via IFTTT
