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Friday, October 13, 2017

NYC pair sentenced for role in fraud scheme

All WNY News     Friday, October 13, 2017    

STAFF REPORTS



ROCHESTER -- Angelo Louissaint, 42, and Jennifer Johnson, 42, both of West Babylon, who were convicted of conspiring to commit mail and wire fraud, were sentenced by U.S. District Elizabeth A. Wolford for their role in a mortgage fraud scheme that victimized Flaherty Funding, a mortgage company located in Rochester. Louissaint was sentenced to 30 months in prison. Johnson was sentenced to five years probation to include six months home detention.

Assistant U.S. Attorney John J. Field, who handled the case, stated that the defendants worked together to prepare false mortgage applications in the names of straw buyers and used fraudulent supporting documents. Louissaint and Johnson worked together with another individual, against whom charges remain pending, to concoct the scheme to obtain mortgage loans from Flaherty Funding using fraudulent information. As a result of the scam, the defendants successfully obtained approximately $1,200,000 in loans, and sought an additional $900,000 for loans that ultimately did not close.

The sentencings are the culmination of efforts by the United States Postal Inspection Service, Boston Division, under the direction of Inspector-in-Charge Shelly Binkowski; the United States Postal Inspection Service, New York Division; and the Federal Bureau of Investigation, under the direction of Adam S. Cohen, Special Agent-in-Charge.

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