Our Videos

April 24, 09

NEWS / New Jersey Woman Sentenced to Ten Years in Foreclosure Scam


PHILADELPHIA—Lizette Morice, 42, of Ewing Township, NJ, was sentenced today to 10 years in prison for running a fraudulent investment scheme involving fictitious foreclosures, announced United States Attorney Laurie Magid. Morice pleaded guilty in July 2008 to seven counts of mail fraud. Between April 2006 and July 2007, Morice ran a company known as Gaddel Enterprises in Langhorne and Morrisville, Pennsylvania. She solicited investments in the company claiming that she was obtaining tax-foreclosed properties which she was reselling at a profit, promising clients a substantial return on their investment. No real estate transactions were ever conducted by Gaddel. To perpetuate the scheme, Morice paid early investors with other investors’ money.

“The crisis in the housing market made it easier for this defendant to sell her scheme to the victims,” said Magid. “This ten year jail sentence will sound a warning bell to investment scam artists who steal other people’s money.”

In addition to the prison sentence, United States District Judge Berle M. Schiller ordered Morice to pay restitution in the amount of $7,259,950, and to complete three years supervised release at the conclusion of her prison sentence.

The case was investigated by the United States Postal Inspection Service and the Federal Bureau of Investigation, and was prosecuted by Assistant United States Attorney Frank R. Costello, Jr.

 




Testimonials

AnnaMaria Realbuto
Thank you for all your assistance and efficiency...
Read More »
Kateryna Melnychenko
Thanks a lot Anton!...
Read More »
Rani Payne
Thank you so much! I’m sure I will be in touch again with something else that will need to be apost...
Read More »
Serge Bauer Law
Thank you again for your help with this case!...
Read More »



FAQ

Do I need a permit or license for my business?
Read More »
What is the origin of the name "Wassenaar Arrangement"?
Read More »
Where can I get assistance with writing my business plan?
Read More »
What are the basic requirements to apply for permanent resident status as an asylee or refugee?
Read More »






News

May 16, 24
Bureaucratic snafu with birth certificate strands young US couple with newborn baby in Brazil
Read More »
May 13, 24
Apostille Convention to Take Effect in Rwanda in June
Read More »
May 6, 24
Federal Appeals Court Debates Tennessee’s Birth Certificate Policy Amid Transgender Rights Battle
Read More »
April 30, 24
OJ Simpson died from prostate cancer—death certificate
Read More »