Alleged fraudsters arrested for $17M property scheme

Indictment says they used forged docs to get people to sign leases and put down deposits

TRD MIAMI /
Jan.January 26, 2017 02:15 PM

Two Hollywood residents accused in a bank fraud scheme of falsely claiming ownership of $17 million worth of property in Florida and New York were arrested Wednesday in Hollywood.

The indictment charged Issak Almaleh and Antoaneta Iotova with fraud, conspiracy, and making false statements to the Federal Deposit Insurance Corp., among others.

Almaleh and Iotova allegedly forged documents to claim ownership of several properties in Florida and New York that were in foreclosure, owned by banks insured by the FDIC, according to authorities, then used those documents to victimize residents and tenants, the Sun Sentinel reported.

Almaleh, who previously worked as a notary, notarized ownership documents as though they were genuine. Iotova signed the documents on behalf of the companies they controlled: New York Sport Foundation, New York Mortgage Corp. and Women in International Relations, authorities said.

Almaleh and Iotova successfully evicted a Hollywood resident temporarily, enlisting help from police in 2015, federal officials said, even changing locks on the property. In Hallandale Beach, the pair allegedly used forged documents to trick two people into signing leases and putting down cash deposits, just two days before the tenants were informed by the bank that their lease agreements were not valid.  [Sun Sentinel] — Gabrielle Paluch


Related Articles

arrow_forward_ios
Despite record high office vacancies across South Florida, average asking rates hit new highs

South Florida Q3 office rents hit record high, despite higher vacancies

South Florida Q3 office rents hit record high, despite higher vacancies
Todd Jones and Albert Banalloun, with a rendering of the project (Credit: Fisher Architects)

Hollywood Publix with boat dock advances

Hollywood Publix with boat dock advances
Josh Zegen of Madison Realty Capital and 777 North Ocean Drive, Hollywood (Google Maps)

Madison Realty closes on Costa Hollywood Beach condos for $43M

Madison Realty closes on Costa Hollywood Beach condos for $43M
Jorge Perez and Apogee Beach

Jorge Pérez lists Apogee Beach penthouse for $7.6M

Jorge Pérez lists Apogee Beach penthouse for $7.6M
From left: The Bristol in West Palm Beach; 6431 Pine Tree Drive Circle, Miami Beach; 2325 Desota Drive, Fort Lauderdale; and 12520 Seminole Beach Road, North Palm Beach (Realtor, iStock)

South Florida signed resi contracts up in September: Elliman

South Florida signed resi contracts up in September: Elliman
Hollywood East and Vivian Dimond

Former H3 Hollywood rental tower lands $58M refi ahead of completion

Former H3 Hollywood rental tower lands $58M refi ahead of completion
A former Broward County School Board employee was sentenced to 20 months in prison for accepting bribes from a contractor.

Ex-Broward County employee to serve prison time for accepting bribes from contractor

Ex-Broward County employee to serve prison time for accepting bribes from contractor
The Hollywood waterfront home

Hollywood waterfront home sale sets new record for the city

Hollywood waterfront home sale sets new record for the city
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...