David Saks: PARALEGAL PLEADS GUILTY TO DEFRAUDING LENDERS

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

PARALEGAL PLEADS GUILTY TO DEFRAUDING LENDERS

Paralegal Admits Defrauding Mortgage Lenders

Louise Lampo-Diglio, 43, East Haven, Connecticut, waived her right to indictment and pleaded guilty before Senior United States District Judge Alfred V. Covello in Hartford, Connecticut, to one count of conspiracy to commit mail fraud and wire fraud stemming from her role in a mortgage fraud scheme.

According to court documents and statements made in court, in 2006 and 2007, Lampo-Diglio, participated in a mortgage fraud conspiracy by serving as a paralegal in connection with fraudulent real estate transactions in New London County.  As part of the scheme, Lampo-Diglio prepared fraudulent paperwork and submitted, or caused to be submitted, materially false HUD-l settlement statements to lenders.

In addition, from approximately 2004 to 2007, in connection with numerous real estate transactions for various licensed attorneys, Lampo-Diglio prepared and sent materially false closing documents to lenders.  One or more of these mortgage loans were insured by the U.S. Department of Housing and Urban Development's (HUD) insurance program.

Among the false statements made to the lenders were documents that falsely indicated that the buyers of certain properties were planning to make the properties their primary residences when, as Lampo-Diglio knew, the buyers were straw purchasers who did not intend to make the properties their primary residences.

Judge Covello has scheduled sentencing for March 22, 2012, at which time Lampo-Diglio faces a maximum term of imprisonment of 20 years.

A total of 16 individuals have been charged as a result of this mortgage fraud investigation, which has resulted in losses of several million dollars to lenders.  All 16 defendants have pleaded guilty.

David B. Fein, United States Attorney for the District of Connecticut, announced the guilty plea.

This case is being investigated by the Federal Bureau of Investigation and the U.S. Department of Housing and Urban Development, Office of Inspector General.  The case is being prosecuted by Assistant United States Attorney Michael S. McGarry and David T. Huang.

In July 2009, the U.S. Attorney's Office and the Federal Bureau of Investigation announced the formation of the Connecticut Mortgage Fraud Task Force to investigate and prosecute mortgage fraud cases and related financial crimes occurring in Connecticut.  Citizens are encouraged to report any suspected mortgage fraud activity by calling 203-333-3512 and requesting the Connecticut Mortgage Fraud Task Force, or by sending an email to ctmortgagefraud@ic.fbi.gov This e-mail address is being protected from spambots. You need JavaScript enabled to view it .

The Connecticut Mortgage Fraud Task Force includes representatives from the U.S. Attorney's Office; Federal Bureau of Investigation; Internal Revenue Service – Criminal Investigation; U.S. Postal Inspection Service; U.S. Department of Housing and Urban Development, Office of Inspector General; Federal Deposit Insurance Corporation, Office of Inspector General, and State of Connecticut Department of Banking.

Courtesy Mortgage Fraud Blog




David Saks



Time&Temp Memphis

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Comment balloon 0 commentsDavid Saks • December 21 2011 03:41AM

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