Follow @USApostille
![]() Our Videos |
October 6, 11
NEWS / Leader of $98 Million Mortgage Fraud Sentenced to 108 MonthsEarlier today in U.S. District Court in Brooklyn, Thomas Kontogiannis, a New York real estate developer who led a mortgage fraud conspiracy resulting in more than $98 million in losses, was sentenced to 108 months of imprisonment for conspiracy to commit bank fraud. United States District Judge Kiyo A. Matsumoto imposed the sentence pursuant to Kontogiannis’s October 2010 guilty plea. Seven co-defendants previously pleaded guilty. The sentence were announced by Loretta E. Lynch, United States Attorney for the Eastern District of New York; Janice K. Fedarcyk, Assistant Director in Charge of the Federal Bureau of Investigation, New York Field Office; Richard H. Neiman, New York Superintendent of Banks; and Jon T. Rymer, Inspector General, Federal Deposit Insurance Corporation. Kontogiannis defrauded Washington Mutual Bank (WAMU) and DLJ Mortgage Capital, Inc. (DLJ), a subsidiary of Credit Suisse, in connection with his development of two tracts of land in Brooklyn and Queens. He purchased and subdivided Loring Estates, located in East New York, Brooklyn, and Edgewater Development, located in College Point, Queens, and then staged sales of the properties financed by mortgage loans to straw buyers. Kontogiannis directed others to prepare false loan files to create the appearance that the straw buyers were creditworthy homeowners. The mortgages were supported by fraudulent appraisals depicting finished homes, when the buildings had yet to be built or had fictional addresses, and the mortgage files contained fraudulent title abstract reports and other documentation designed to indicate that the seller, a Kontogiannis-controlled entity, had clear title to convey and that the lender’s interest was protected by title insurance. The loans were financed by lenders controlled by Kontogiannis, including Interamerican Mortgage Corp., later known as CIP Mortgage Corp. and Coastal Capital Corp. After the loans were closed, Kontogiannis ensured that the mortgages and deeds were not recorded, thereby permitting him to “sell” the same property repeatedly. Eventually, Kontogiannis sold the loans to WAMU or DLJ. In an effort to conceal the multiple sales of the same properties, Kontogiannis changed the addresses of properties located in East New York, Brooklyn, to addresses in neighboring Howard Beach, Queens. In addition, he directed others to make monthly payments on the mortgages, ensuring that none of the mortgages became delinquent. The payments ceased in 2007, with approximately $98 million in principal outstanding on the fraudulent mortgages. The government’s case was prosecuted by Assistant United States Attorneys Shannon Jones and Claire S. Kedeshian, and former Assistant United States Attorney Jonathan E. Green. This law enforcement action is part of President Barack Obama’s Financial Fraud Enforcement Task Force. President Obama established the interagency Task Force to wage an aggressive, coordinated, and proactive effort to investigate and prosecute financial crimes. The task force includes representatives from a broad range of federal agencies, regulatory authorities, inspectors general, and state and local law enforcement who, working together, bring to bear a powerful array of criminal and civil enforcement resources. The task force is working to improve efforts across the federal executive branch, and with state and local partners, to investigate and prosecute significant financial crimes, ensure just and effective punishment for those who perpetrate financial crimes, combat discrimination in the lending and financial markets, and recover proceeds for victims of financial crimes. More information about the task force can be found at www.stopfraud.gov. The Defendant: THOMAS KONTOGIANNIS http://www.fbi.gov/newyork/press-releases/2011/leader-of-98-million-mortgage-fraud-sentenced-to-108-months Tags: document, corporation, |
Do you need
We do Retrieval, Preparation and Legalization.
Power of attorney
Vital records
Birth certificate
Marriage Certificate
Single Status Affidavit
No Record of a Marriage
Certificate of No Marriage Record
Divorce Certificate
Divorce Decree
Death certificate
Criminal Record
Certificate of good conduct
Criminal Background Check
Foreign Driver License
Documents for transportation of the Deceased
Children's Travel Consent Letter
Evaluation of Foreign Education Credentials for US
Letter of Invitation for USA Visa
Documents for Avoiding Double Taxation
|
TestimonialsKatia NagataAs a foreigner, I needed a certified translation, so I called the DOE to give me a list of the ce... |
FAQQ. Can I serve other documents through the diplomatic channel?Read More » What Is CBP? Read More » What do I need to know about purchasing a franchise business? Read More » What does Apostille mean? Read More » |
Quick Menuapostille North Carolinaapostille Bhutan apostille Argentina apostille Seychelles apostille Rhode Island apostille Malawi apostille Papua New Guinea apostille Bangladesh apostille Philippines apostille Japan apostille Luxembourg apostille Montserrat apostille Dominican Republic apostille Cook Islands apostille Holy See apostille Syria |
NewsJuly 23, 24Florida stops amending gender on birth certificates for transgender individuals Read More » July 19, 24 Nebraska to start issuing death certificate abstracts for pending investigations Read More » July 10, 24 Florida Vital Records hit with Ransomware Attack Read More » July 5, 24 State of Washington issues first digital apostille Read More » |