Former Delray Beach city commish sentenced to seven years in prison for real estate fraud

Durante got investors to fund what she falsely described as bridge loans for homeowners

Jun.June 14, 2013 03:00 PM

A Palm Beach County judge sentenced former Delray Beach City Commissioner Charlotte Durante to seven years in prison for first-degree felony charges of fraud and money laundering, the Sun Sentinel reported.

The sentence was significantly softer than the 20-year minimum state guidelines for such charges, but Circuit Judge Charles Burton said he couldn’t bring himself to impose such a stiff sentence on Durante after hearing of her brain tumor.

“I’m not prepared to sentence Charlotte Durante to death in this case,” Burton said.

Assistant State Attorney Ryan Kelley said that between between 2006 and 2008, Durante used her credibility to convince 83 investors to give money for what she falsely described as bridge loans to be used by her real estate clients looking to purchase homes.

Durante’s $1.8 million scheme got mostly Haitian immigrant investors to shell out cash for a planned expansion of Durante’s daughter’s museum, Kelley said.

“That’s not just stealing,” Kelley told the court. “That’s betrayal.” [Sun Sentinel]  – Hiten Samtani

Related Articles

Daily Digest Miami

LeBron James’ Unknwn store is opening Dec. 5, Palm Beach Gardens showroom trades for $10M

Walgreens at 3200 South Federal Highway

Walgreens sells Delray Beach store on Federal Highway

Midtown Delray, Todd Rosenberg

Pebb Capital pays $40M for once-named Midtown Delray site

Rendering of Ocean Delray

Ocean Delray nabs $73M construction loan

Photo illustration of Grant Cardone (Credit: iStock)

A look at Grant Cardone’s real estate portfolio and how he raised $15M in 90 minutes at Marlins Park

ABC Carpet & Home

Collier family converting former ABC Carpet & Home in Delray to facility for car collectors

From left: Joseph Maas, Susan Burrell and Paul Burrell of TMT Properties and 190 Congress Park Drive (Credit: Google Maps)

TMT Properties buys Delray Beach offices

Atlantic Crossing and Pearlmark's Mark Whitt

Delray Beach’s Atlantic Crossing snags $45M investment