Bronx resident charged in housing scheme

July 02, 2009 04:45PM

Bronx resident Amadou Lamoudi was indicted today after allegedly directing a fraudulent scheme in which he helped unqualified tenants file false applications for apartments subsidized by the Housing Development Corporation, according to a press release from the Manhattan District Attorney's office. Lamoudi, 39, would allegedly charge ineligible applicants $1,000 or more to help them with their apartment applications. Lamoudi would reportedly tell them to falsify their income information and then, when they were selected by the lottery to continue with the apartment application process, would direct them to others who would create false financial documents. Lamoudi has lived in an HDC apartment since 2003, according to the press release. The number of housing applications with which Lamoudi was involved was not revealed. TRD

Tags: amadou lamoudi bronx housing development corporation manhattan district attorney

Comments

Anonymous

Its about time the government is catching up with the people schemes. They used to blame on brokers and banks and forgot that buyers also lying to get the home they want and they will agree with brokers to get the deal done

Comment #1 Posted By: Anonymous 07/04/09

Anonymous

I know someone who bought a house in Brooklyn for $500,000 and agreed with the broker to inflate the house appraisal price to $750,000 and their incomes $100,000 per year (actual income is $42,0000) so they can get the house. Now they can't afford to pay for the mortgage. Their scheme is to stop making payment for 6 months in order to qualify for the Obama's new loan modification program. They got their interest reduced from 7% to 3% and their monthly payment is reduced to half. It is unfair that the government is helping the wrong people.

Comment #2 Posted By: Anonymous 07/04/09

Leave a Comment

(optional)
(optional)

The Real Deal reserves the right to delete any comment it finds to be rude, obscene, racist, sexist, bigoted, irrelevant or repetitive, as well as inappropriate comments about anyone's personal appearance. The Real Deal does not endorse any comments posted on its Web site nor does it verify the veracity of comments or the identity of posters.