Brian Roy Lozito, Mortgage Fraud, Florida 2021

Mortgage Fraud Scheme Unfolds in Florida

In a shocking turn of events, a Clay County man has been accused of masterminding a nationwide mortgage fraud scheme, leaving countless victims in its wake. Brian Roy Lozito, a 51-year-old resident of Orange Park, has been slapped with serious charges, including conspiracy to commit wire fraud and 12 counts of wire fraud.

The indictment, returned on January 11, 2021, alleges that Lozito owned and operated American Investigative Services (AIS), a company that promised mortgage auditing services to consumers in exchange for a hefty fee. Lozito and his cohorts solicited customers across the nation through mailings and telephone calls, making false and fraudulent representations about the services they would provide.

According to the indictment, Lozito promised consumers that AIS would perform 'forensic audits' of mortgage documents to uncover evidence of deficiencies, and that they would obtain quitclaim deeds and other remedies to relieve mortgage holders of their debt. However, in reality, AIS failed to deliver the services it promised, and Lozito pocketed the money collected from consumers, spending it on personal expenses.

The U.S. Secret Service, in conjunction with the Office of the Florida Attorney General - Consumer Protection Division, and the Clay County Sheriff's Office, investigated the case, which will be prosecuted by Assistant United States Attorney Kevin C. Frein. Lozito's trial is set to commence on March 1, 2021. If convicted, he faces a maximum penalty of 20 years in federal prison and payment of restitution to the victims he defrauded.

An indictment is merely a formal charge, and Lozito is presumed innocent until proven guilty. However, the evidence against him is mounting, and it remains to be seen how this case will unfold. One thing is certain, though - the victims of Lozito's scheme deserve justice, and it's up to the authorities to ensure that Lozito is held accountable for his actions.

The case serves as a stark reminder of the importance of due diligence when dealing with financial transactions, and the need for consumers to be vigilant in protecting themselves against scams and fraud. As this case continues to unfold, one thing is clear - the pursuit of justice will be relentless, and those responsible will be brought to account for their actions.

Lozito's indictment is a significant development in this ongoing saga, and it's likely that this case will have far-reaching implications for those involved in similar schemes. As the investigation continues, one thing is certain - the truth will come to light, and justice will be served.

Stay tuned for further updates on this developing story, as our team will continue to provide in-depth coverage of this case as more information becomes available.

Defendant: Brian Roy Lozito

Criminal Charges: Conspiracy to commit wire fraud and 12 counts of wire fraud

City and State: Jacksonville, Florida

Indictment Date: January 11, 2021

Outcome: Up to 20 years in federal prison and payment of restitution

Source: https://www.justice.gov/usao-mdfl/pr/clay-county-man-indicted-nationwide-mortgage-fraud-scheme