Jersey City real estate investor charged with $30M mortgage fraud

Anthony Garvin, 49, has been indicted again on charges of running a $30 million mortgage fraud scheme involving properties in Jersey City, Union and elsewhere in New Jersey, NJ.com reported. Garvin, a real estate investor and realtor who resides in Jersey City, had already been indicted two years ago on a conspiracy charge related to a mortgage scheme that allegedly ran from January 2011 through August 2017. Christopher Goodson, a Newark-based lawyer charged at the time with Garvin, pleaded guilty late last year to one count of conspiracy to commit bank fraud. Garvin now faces additional charges on five counts of bank fraud and one count of bank fraud conspiracy, according to a statement last week from federal prosecutors in the Garden State. The U.S. Department of Justice claims that Garvin and his co-conspirators obtained fraudulent home equity lines of credit, or HELOC loans, using bogus documents and other falsified information. Mortgage Professional America, citing information released by prosecutors, reported that Garvin engaged in numerous short-sale flips of New Jersey properties that had defaulted on their mortgages. [NJ.com]