Wednesday, September 21, 2011

Suspect Admits Using False Pretenses, Misreps To Rip Off Home Equity Out From Under Unwitting Owners' Thru Fraudulently Obtained Refinance Proceeds

From the Office of the U.S. Attorney (Albany, New York):

  • United States Attorney Richard S. Hartunian, Robert Bethel, [and others] announced that ARTHUR STRASNICK, age 63, of Ormond Beach, Florida, pled guilty on Monday, September 12, 2011, to two counts of mail fraud, [...], and one count of possession of means of identification of another with the intent to commit another crime, [...].


  • As part of his guilty plea, ARTHUR STRASNICK [] admitted that, from April 2004 through 2006, he defrauded homeowners by obtaining money representing equity in their homes though mortgages obtained by false pretenses, representations and promises.

  • The defendant did so by (i) forging home owners’ signatures on mortgage applications and mortgages; (ii) notarizing the forged signatures of said homeowners on said mortgages; (iii) obtaining mortgages and mortgage monies without the knowledge of said homeowners; (iv) obtaining mortgages and mortgage monies based on the false representation to the homeowners that he would assume responsibility for the homeowners’ mortgages; and (v) forging the signatures of homeowners on checks representing the proceeds of mortgages obtained in the names of homeowners.

For the U.S. Attorney press release, see Ormond Beach, Florida - Man pled guilty to two counts of mail fraud.

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