Wellington man catches 11 year sentence for real estate fraud

Miami /
Apr.April 02, 2017 02:00 PM

Renting properties in South Florida can be a lucrative enterprise, but one Wellington resident’s ambitions left him in the crosshairs of federal prosecutors.

Kesner Joaseus was reportedly sentenced to 11 years in prison this week after pleading guilty to two fraud cases where he rented out vacant houses that didn’t belong to him, as well as an identity theft scheme used to open credit cards and make purchases — including two Mercedes-Benz cars.

The Daily Business Review reported that Joaseus gathered more than $380,000 in rent and deposits from tenants in Broward and Palm Beach counties over the span of two years, starting in November 2014.

To pull off the scam, his group set up a limited liability company called RHA Two, which closely resembled the holding company RHA 2 used by the properties’ actual owner, real estate investment trust HavenBrook Homes. Joaseus also reportedly used for rent signs and a fake HavenBrook logo to lure tenants.

Earlier this year, Joaseus pleaded guilty to the two real estate fraud cases, according to the Daily Business Review. But he was also hit with charges for a separate scam where the 47 year old used stolen identities to open credit card accounts. He made $260,000 worth of purchases, the publication reported, including two Mercedez-Benzes.

The 11-year sentence was handed down on Wednesday by U.S. District Judge Robin L. Rosenberg. [Daily Business Review]Sean Stewart-Muniz


Related Articles

arrow_forward_ios
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
3050 Coral Springs Drive in Coral Springs; 1361 Southeast Fourth Street in Deerfield Beach and clips from the complaints. (Google Maps, District Court of Southern Florida)
SEC charges South Floridians in alleged $9M real estate scam
SEC charges South Floridians in alleged $9M real estate scam
Alex Sapir and Giovanni Fasciano with Arte by Antonio Citterio in Surfside (Photos via Arte by Antonio Citterio/PR Newswire)
Miami penthouse sets cryptocurrency sale record: $22.5M
Miami penthouse sets cryptocurrency sale record: $22.5M
(Getty)
Weston man pleads guilty in Vermont Jay Peak EB-5 biomedical research case
Weston man pleads guilty in Vermont Jay Peak EB-5 biomedical research case
Abraham Edgardo Ortega is one of nine people charged in the laundering scheme. (Getty, Department of Justice)
Former Venezuelan oil exec sentenced in $1B money laundering scheme
Former Venezuelan oil exec sentenced in $1B money laundering scheme
(iStock)
South Florida resi construction starts soar in March
South Florida resi construction starts soar in March
Eden Multifamily heads Jay Massirman and Jay Jacobson with Cypress Equity Investments CEO Michael Sorochinsky (rendering courtesy of MSA Architects)
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
Eden Multifamily, Cypress Equity score $24M construction loan for Tamarac apartments
(iStock)
Home prices across globe hit records, prompting worries of bubble
Home prices across globe hit records, prompting worries of bubble
arrow_forward_ios

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

Loading...