David Saks: Pennsylvania Man Charged for Making False Statements to Obtain Loan

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Pennsylvania Man Charged for Making False Statements to Obtain Loan

Man Charged for Making False Statements to Obtain LoanKelly Defeo, 42, Plymouth Meeting, Pennsylvania, was charged by Indictment with one count of conspiracy to make false statements in connection with a loan application, and two counts of making false statements in connection with a loan application.If convicted the defendant faces a maximum possible sentence of 65 years' imprisonment, five years supervised release, a $2,250,000 fine, and a $300 special assessment.The case was investigated by the Internal Revenue Service Criminal Investigation Division and is being prosecuted by Assistant United States Attorney David L. Axelrod.

Courtesy Rachel Dollar and Mortgage Fraud Blog




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Comment balloon 2 commentsDavid Saks • May 25 2011 06:00PM

Comments

You reported in the opening article that this person is a woman, but clearly it is a man... article David Saks - Pennsylvania woman charged for making false statements to obtain loan...any info in regard to this article would be much appreciated...
Posted by Danielle Mazzone about 7 years ago

I believe you're right because because count three of the indictment says:

 

COUNT THREE

 

THE GRAND JURY FURTHER CHARGES THAT:

 

1. Paragraphs 1 through 6 and 8 and Overt Acts 3 and 4 of Count One of this

 

indictment are incorporated here.

 

2. In or about November 2006, in the Eastern District of Pennsylvania,

 

defendant

 

KELLY DEFEO

 

knowingly made and caused to be made to First National Bank of Chester County (the “Bank”) a

 

false statement for the purpose of influencing the actions of the Bank upon a loan, that is a

 

$500,000 mortgage for 351 North Charlotte Street, Pottstown, Pennsylvania, in that defendant

 

DEFEO caused to be submitted to the Bank a false loan application in which the defendant

 

submitted to the Bank a tax return for the 2005, that listed defendant’s income as $224,766, that

 

he represented was a true and accurate copy of the return he filed with the IRS when, as the

 

defendant knew, his 2005 tax return filed with the IRS accurately listed his income as $119,551.

 

In violation of Title 18, United States Code, Section 1014.

click: http://www.justice.gov/usao/pae/News/2011/May/defeo_indictment.pdf

& http://www.mortgagefraudblog.com/ee-assets/my-uploads/defeo.pdf

Contact Ms Dollar. Her law firm sent it. I don't alter them and always credit the author.

Posted by David Saks ((retired)) about 7 years ago

This blog does not allow anonymous comments