** These guys are with us in the group ?? **? ** 5 Israelis from New York and Florida were arrested on suspicion of real estate fraud in the millions…
** These guys are with us in the group ?? **? **
5 Israelis from New York and Florida arrested on suspicion of real estate fraud in millions of dollars! **
** According to the suspicion, the defendants took advantage of the short sale method and submitted false affidavits to earn huge sums at the expense of two important financial bodies in the US, "Fanny May" and "Freddie Mack". In practice those who are forced to absorb the cost of fraud are the American taxpayers. If convicted, the five Israelis could face up to 30 years in prison and a huge fine. **
U.S. law enforcement officials this week arrested five Israelis from New York and Florida on suspicion of conducting a real estate scam against government investment banks such as Fanny May and Freddie Mack, according to the indictment filed in federal court in Brooklyn.
The suspects are 48-year-old Tomer Daphne, from the town of Great Nack on Long Island; Yitzhak Aharonov, 32, of Miami; Michael Konstantinovsky, 33, of Queens; Avraham Tarshish, 40, of Queens Village; And 40-year-old Michael Hershkovich of Brooklyn.
Christing Scringi, a senior official in the United States Department of Housing and Urban Development, commented on the affair, claiming that the five had caused millions of dollars in damage to the Federal Housing Administration: 'Flip' they earned huge sums. And most of these houses are in difficult and less affluent neighborhoods, which means exactly the same neighborhoods that need government assistance, ”she said.
It is suspected that the five defendants took advantage of the existence of a short sale, or short sale, where the lender should authorize the sale of the property at a lower price than the loan. Usually, in such transactions, the sale amount covers at least part of the loan amount, and usually the banks agree to waive the balance. The suspects operated this scam from the end of 2012 to the beginning of the current year.
According to the lawsuit in the case, the defendants were able to conceal their actions through a plethora of roads, starting with not marketing the homes for sale (because they feared that another body would buy them) as required by law and forging documents such as lien on the property to deter other buyers. The five are also charged with providing false information in documents submitted to banks and other accompanying companies.
The two entities most severely affected by the scam are the National Federal Mortgage Association, known to many as Fannie Mae ("Fanny May"), and the Federal Home Loan Mortgage Corporation, known as "Freddie Mack."
As alleged in the indictment, defendants defrauded the mortgage companies, which in this case belonged to the U.S. government and therefore the U.S. taxpayer was forced to absorb the economic damage. My office will continue to work closely with law enforcement to prosecute anyone who commits such scams to profit at the expense of the weaker sections of the population, ”said Richard Donahue, the federal prosecutor for Eastern New York.
If the five defendants are convicted, they could face up to 30 years in prison and be required to pay a $ 1 million fine.
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