The Real Deal Miami

Defendants plea guilty in multi-million-dollar mortgage fraud at Miami’s Jade condo

August 22, 2012 10:30AM

Three defendants have pleaded guilty for their roles in a multi-million-dollar mortgage fraud scheme involving units at the Jade condominium complex in Miami, according to U.S. Attorney for the Southern District of Florida Wifredo Ferrer. The defendants pleaded guilty to charges of conspiracy to commit mail fraud in connection with the scheme. The defendants, Josephine Santana, Jose Rafael Martinez and Basilio Gomez, face up to 20 years in prison. The scheme involved the use of straw buyers to purchase units at the complex, which is located in Brickell. — Alexander Britell