David Saks: WOMAN PLEADS GUILTY TO REAL ESTATE SCAM THAT DEFRAUDED FAMILY FRIENDS

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WOMAN PLEADS GUILTY TO REAL ESTATE SCAM THAT DEFRAUDED FAMILY FRIENDS

Former New Jersey Resident Admits Role in Real Estate Scam That Defrauded Family Friends

U.S. Attorney’s Office July 10, 2012
  • District of New Jersey (973) 645-2888
 
 

TRENTON, NJ—An Oklahoma woman who formerly lived in Ridgewood, New Jersey. pleaded guilty today a scheme to defraud two New Jersey families relating to the purchase, financing, and improvement of real estate in Oklahoma, U.S. Attorney Paul J. Fishman announced.

Taya Romano, (a/k/a Taya Waldon), 36, pleaded guilty before U.S. District Judge Peter G. Sheridan in Trenton federal court to an information charging her with conspiracy to commit wire fraud.

According to documents filed in this and a related case and statements made in court:

In 2008 and 2009, Taya Romano conspired with her then-husband to solicit and obtain money from two sets of family friends in New Jersey for investments in what Romano represented to be purchases of apartment complexes and undeveloped land in Oklahoma. Romano solicited a series of investments from each of the two sets of family friends, obtaining a total of $1,032,750 from one couple and $890,000 from the other couple. Romano and her husband did not use these funds for the purposes they had represented.

The charge to which Romano pleaded guilty is punishable by a maximum potential penalty of five years in prison and a fine of $250,000, or twice the amount of pecuniary loss suffered by the victims of the conspiracy. Sentencing is scheduled for November 25, 2012.

U.S. Attorney Fishman credited special agents of the FBI, under the direction of Special Agent in Charge Michael B. Ward, with the investigation leading to today’s guilty plea.

The government is represented by Assistant U.S. Attorney Bohdan Vitvitsky of the U.S. Attorney’s Economic Crimes Unit.

source:FBI



David Saks



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Comment balloon 2 commentsDavid Saks • July 10 2012 03:49PM

Comments

I am a little surprised that they tried to scam family friends.  Usually scamers like to go after folks who have a few degrees of separation from them.

Posted by Laura Murray, Search Montgomery Co., MD for homes www.MDRealEstateOnline.com (Weichert) about 8 years ago

Affinity and family fraud for loan proceeds and housing occurs with a great deal of frequency, Laura.

Posted by David Saks ((retired)) about 8 years ago

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