Eight indicted by new mortgage fraud unit
June 22, 2009 01:30PM
District Attorney Charles Hynes (left) and 542 Hancock Street in Brooklyn, which Nathaniel McLeon allegedly pretended he had the authority to sell
The Kings County Mortgage Fraud and Real Estate Crimes Unit, which was launched in March, has indicted eight people and opened more than 80 mortgage fraud cases, Senator Charles Schumer and Kings County District Attorney Charles Hynes announced today. Among those indicted, according to a press release from the District Attorney's office, were Lyndall Ingram, who allegedly had forged powers of attorney for 239 54th Street in Sunset Park, Brooklyn, that allowed him to sell the property to an innocent buyer; Nathaniel McLeon, who allegedly posed as an attorney and pretended he had the authority to sell 542 Hancock Street in Bedford-Stuyvesant, Brooklyn; and Leonard Fedee, who allegedly told a prospective buyer that 146-03 133rd Avenue in Jamaica, Queens, was headed into foreclosure even though it was not in foreclosure or for sale. One of the eight defendants has not yet been apprehended. TRD
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Comments
Anonymous
And here you have it.......The problem is not of one-off scam artists - which is what is announced here - the problem is ORGANIZED fraud, whereby whole companies conspire to produce inflated appraisals, false income info, etc.... you dont need a whole unit to pick the low hanging fruit......but I guess it gets headlines, so who cares about really solving the problem.
Comment #1 Posted By: Anonymous 06/22/09
Anonymous
Its gonna get interesting when some of the grand juries finish their work. This is not just a mortgage story. Brokers who ignored the rules are under more scrutiny than they realize. Have some more kool aid, the end is near.
Comment #2 Posted By: Anonymous 06/22/09
Anonymous
all one had to do is google the names of some of those (the 80) individuals involved and see where they have been involved in fraud time and time again over the years...the internet gets all of us. (LOL)
Comment #3 Posted By: Anonymous 06/23/09
Anonymous
all one had to do is google the names of some of those (the 80) individuals involved and see where they have been involved in fraud time and time again over the years...the internet gets all of us. (LOL)
Comment #4 Posted By: Anonymous 06/23/09