David Saks: Real Estate Broker Sentenced in 3 Fraud Cases Exceeding $5 Million

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Real Estate Broker Sentenced in 3 Fraud Cases Exceeding $5 Million

Broward Real Estate Broker Sentenced in Three

Fraud Cases Totaling More Than $5 Million

U.S. Attorney’s Office January 20, 2015
  • Southern District of Florida (313) 226-9100

A Broward real estate broker was sentenced today to 41 months in prison, three years’ supervised release and ordered to pay $4,029,892, in restitution to victims in three separate fraud cases by U.S. District Judge William P. Dimitrouleas.

Wifredo A. Ferrer, U.S. Attorney for the Southern District of Florida, George L. Piro, Special Agent in Charge, FBI, Miami Field Office, Alysa D. Erichs, Special Agent in Charge, U.S. Immigration and Customs Enforcement’s Homeland Security Investigations (ICE-HSI), Drew J. Breakspear, Commissioner, Florida’s Office of Financial Regulation, and Scott Israel, Sheriff, Broward Sheriff’s Office, made the announcement.

Christopher Wayne White,

44, of Fort Lauderdale, Florida, pled guilty on November 21, 2014 in Case No. 14-60283-CR-Dimitrouleas to one count of wire fraud. According to documents filed with the court, White made numerous false statements to the mortgage lender in connection with the purchase of a luxury home on Sea Island Drive in Fort Lauderdale.

According to court records, White inflated his bank account balances, income, deposit and assets to fraudulently induce the mortgage lender to issue a mortgage loan in excess of $4.9 million dollars. The property was subsequently foreclosed by the lender resulting in substantial losses.

In Case No. 14-60282-CR-Dimitrouleas, White pled guilty on November 21, 2014 to six counts of wire fraud. According to court documents,

White was a licensed real estate broker

and owner and operator of the

Christopher White Group in Fort

Lauderdale.

White obtained multiple real estate deposits in excess of $750,000 via wire transfers involving properties in Broward County from individuals and refused to return the escrow deposits. Subsequently, the Secretary of Florida’s Department of Business and Professional Regulation ordered an emergency suspension of White’s real estate broker’s license.

In Case No. 14-60216-CR-Dimitrouleas, White pled guilty on November 21, 2014 to three counts of making material false statements to U.S. Citizenship and Immigration Services.

According to documents filed with the court, these statements were included on White’s April 16, 2014, application for naturalization submitted to the U.S. Department of Homeland Security, U.S. Citizenship and Immigration Services. White made the following material false statements in his naturalization application:

(1) that he had never claimed to be a U.S. Citizen;

(2) that he had never committed, assisted in committing or attempted to commit a crime or offense for which he was never arrested; and (3) that he had never failed to support his dependents.

Mr. Ferrer commended the investigative efforts of the FBI, ICE-HSI, Florida’s Office of Financial Regulation, and the Broward Sheriff’s Office. Mr. Ferrer also thanked the Florida Department of Business and Professional Regulation for their assistance. The case was prosecuted by Assistant U.S. Attorneys Randy Katz and Thomas P. Lanigan.

A copy of this press release may be found on the website of the United States Attorney’s Office for the Southern District of Florida at www.usdoj.gov/usao/fls. Related court documents and information may be found on the website of the District Court for the Southern District of Florida at www.flsd.uscourts.gov or on http://pacer.flsd.uscourts.gov.

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Comment balloon 0 commentsDavid Saks • January 21 2015 08:59AM

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