Huge Mortgage Fraud Ringleader Sentenced to Jail

Miami Judge Sentences Mortgage Fraud Ringleader to Prison A long-running mortgage fraud scheme conned several Miami-area banks out of close to $50 million, and now the mortgage fraud ringleader has finally been sentenced to prison. On Tuesday, September 30th, US District Judge K. Michael Moore sentenced Domenico Rabuffo, 78, to 27 years in prison as the mortgage fraud ringleader fraud scam. Three other people convicted in Rabuffo’s trial will be sentenced on October 30th. For Rabuffo, this is life in prison. After being indicted in … [Read more...]

Two Convicted on Federal Mortgage Fraud Charges

Former Countrywide Loan Officer and Former Corrections Officer Convicted on Mortgage Fraud Charges On Friday, April 18th, two men were convicted for their roles in an extensive mortgage fraud scheme that included the fraudulent purchase of over 40 properties in New Haven, Connecticut. Andrew Constantinou, of Unionville, Connecticut, and Jacques Kelly, of Poughkeepsie, New York, were convicted on all federal charges after a three-week trial, including conspiracy to commit mail, wire, and bank fraud. The jury also found Kelly guilty of one … [Read more...]

7 Floridians Arrested for NC Mortgage Fraud Scheme

Mortgage Fraud Scheme Leads to Arrest of 7 Florida Residents Seven Florida residents have been arrested in connection with a mortgage fraud scheme based in a remote development near Cashiers, NC. Federal mortgage fraud charges against the seven defendants include conspiracy to commit bank fraud and wire fraud and multiple bank fraud offenses. Reportedly, the ring leaders of the mortgage fraud scheme are Domenic Rabuffo, 77, from Miami, and his ex-wife Mae Rabuffo, 74, of Fort Lauderdale. Also indicted are Raymond E. Olivier, 52, and Curtis … [Read more...]