Westchester man sentenced for mortgage fraud

Dominick Devito was sentenced to 51 months in prison yesterday for
mortgage fraud, according to a press release from the U.S. Attorney’s
Office in Manhattan. Between January 2002 and November 2004, Devito
led a fraudulent real estate investment scheme involving multi-million
dollar homes in Westchester County. Devito found properties for sale,
orchestrated the sales and did construction work at the properties,
prosecutors said.
Devito also committed insurance fraud by submitting false insurance
claims for water damage at these properties. Devito, 45, pleaded guilty
in July 2008. TRD

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