The Real Deal Miami

Two men sentenced for Kensington mortgage fraud

Prosecutors hope these minor players will help bring in the masterminds
Kensington

Kensington at Royal Palm Beach

Two men were sentenced last week to a year and a day in prison for their role in a mortgage fraud scheme that crippled a Royal Palm Beach condominium.

Jose Aller and Ernesto Rodriguez admitted to being conspirators in a plot to sell overpriced units at the Kensington of Royal Palm Beach community and using falsified checks, the Palm Beach Post reported.

Prosecutors believe the two were only low-level accomplices and are using them to build a case on the lead perpetrators.

Aller and Rodriguez accepted money from the Kensington developers and falsified down payments in the name of buyers. The lenders offered a total of about $2.95 million based on the false information.

In April, prosecutors indicted Miami attorney Rashmi Airan-Pace, Kensington Trust manager Eli Riesel, mortgage broker Jordana Ende Tobel and Wells Fargo employee Florencio Luis Tezanos in the plot. [Palm Beach Post] – Frank Maradiaga