- As part of their fraudulent scheme, the defendants frequently collected rental payments from tenants but did not pay the bills for the properties, despite falsely representing to the property owners that the bills had been paid.
Instead, the defendants used these funds for their own benefit. In addition, the defendants also sent forged bank statements to some of their clients, misstating the balances in their clients’ accounts. Through this fraudulent scheme, the defendants defrauded at least 54 clients out of a total of $1,269,278.
Use Of Forged Satisfactions Of Mortgages To Pocket Mortgage Proceeds: