The Real Deal Miami

$7M mortgage scheme busted by U.S. Attorney’s Office

The men defrauded desperate homeowners from offices in Boca and Deerfield Beach

images-1A group of men in Deerfield Beach are accused of duping homeowners facing foreclosure by telling them that they had been approved for loan modifications. Their scheme earned them $7 million, according to the the U.S. Attorney’s Office.

FHA All, Housing Assistance Law Center and Safety Financial operated in Boca Raton and later in Deerfield Beach from 2008 to 2009, according to Local 10.

A man named Jason Vitulan hatched the plan that was then managed by Jeffrey Charles Leroy Taylor of North Lauderdale.

Taylor has pleaded guilty to charges of mail fraud and conspiracy to commit mail fraud and wire fraud. He faces up to 20 years in prison for each count and fines of up to $250,000. Vitulano is scheduled for sentencing on Dec. 5 in West Palm Beach. [Local 10]Christopher Cameron

  • Harvey Smith

    Hopefully, I will never understand and justify criminals, especially those who try to make money on lying to poor people. These homeowners were desperate because they were afraid of losing their homes and that’s why they paid. But on the other hand, how they could give their hard earned money to somebody without making sure that they money will go in the right direction? They would better consider refinancing or emergency loans service. There are ways to help underwater homeowners, the most important is to apply to right institutions for help and don’t trust scammers.