Guilty plea entered for Boca-based foreclosure scam

Jason Vitulano faces up to 20 years apiece on mail and wire fraud charges

Sep.September 29, 2014 12:00 PM

A Boca Raton resident pled guilty to federal charges related to a foreclosure rescue scheme he operated between 2008 and 2009.

Jason Vitulano, 39, confessed to committing mail fraud and wire fraud in connection with the scam. He faces up to 20 years on each charge. Sentencing is scheduled for Dec. 5 in West Palm Beach.

Vitulano, who in 2010 was sentenced to more than five years in prison for mortgage fraud dating back to his stint as Boca Raton branch manager Top Dot Mortgage in 2006 and 2007, got more than 2,000 homeowners to pay upfront fees totaling $7 million to three companies, according to the Palm Beach Post. The companies operated as boiler room call centers with salespeople soliciting homeowners with promises of loan modification approvals to reduce mortgage payments and avert foreclosures.

Greg Lazarus, a Boca Raton-based business partner of Vitulano, committed suicide in 2009 after one of the companies was shut down by the Florida attorney general’s office. [Palm Beach Post]Eric Kalis

Related Articles

From left: Howard Sands, Scott Tracy, and Kenton Wright

Walgreen sells store near Boca Raton for $9M

Shane Neman, and Mauricio Bello Richard Waserstein, with 525 Northwest 77th Street Marriott in Boca

Blackstone sells Marriott hotel in Boca Raton

Malcolm Butters, 950 Peninsula Corporate Circle in Boca Raton

Butters buys Boca Raton office building

A rending of the the project

REI to open first South Florida store in Boca Raton

Royal Palm Residences and Ignacio Diaz

Group P6 launches sales of new luxury condo project in Boca Raton

University Park and Square Mile Capital CEO Craig Solomon (Credit: Zillow)

Boca Raton student housing scores $71M refi

Rooms to Go CEO Jeffrey Seaman and 9465 Glades Road (Credit: Google Maps)

Rooms To Go CEO bags furniture store in Boca Raton

484 South Maya Palm Drive (Credit: Royal Palm)

Transportation exec buys Boca home for $12M