Brooklyn Duo Dupe Homeowner Into Giving POA To Facilitate Refinance, Then Sell Home Out From Under Her, Says DA

In Brooklyn, New York, WNYC Radio 820 AM recently reported on the Brooklyn District Attorney's announcement of charges against 12 people for a variety of unrelated housing schemes. The following excerpt describes one of the alleged scams:

• Prosecutors say two of the alleged repeat offenders, Russell Pitt and Nathan Farkas, convinced an unemployed Brooklyn woman to grant them power of attorney so they could refinance her home. Instead, prosecutors say they sold her home and kept the proceeds. Attorneys for both men could not be reached.

Source: Real Estate Scams Flourish in Brooklyn.

See also, Kings County District Attorney press release: Kings County District Attorney Charles J. Hynes, New York State Senator Carl Kruger And United States Senator Charles E. Schumer Announce Charges Against 12 People, For Real Estate And Mortgage Fraud.