A former New Haven-based attorney has been sentenced to 21 months in prison for participating in a mortgage fraud scheme in 2006 and 2007. David Kinney, 54, of Woodbridge, was sentenced on November 9, 2011, by Senior United States District Judge Alfred V. Covello in Hartford.
According to court documents, Kinney acted as the settlement agent in connection with fraudulent real estate transactions in New London County. He submitted false HUD-1 settlement statements to lenders and released disbursement checks before receiving the down payment listed on the HUD-1.
On November 5, 2007, FBI agents served Kinney a subpoena at his New Haven office. When questioned, Kinney told agents that he had never given a closing check to a buyer before receiving the down payment, despite having done so on multiple occasions.
Kinney pleaded guilty to one count of conspiracy and one count of making a false statement on November 9, 2011. As part of his sentence, Judge Covello ordered Kinney to pay restitution in the amount of $507,155.24 and to forfeit $65,749.59.
The case was investigated by the Federal Bureau of Investigation and the U.S. Department of Housing and Urban Development, Office of Inspector General. The case is being prosecuted by Assistant United States Attorneys Michael S. McGarry and David T. Huang.
Today’s announcement is part of efforts underway by President Obama’s Financial Fraud Enforcement Task Force.
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- David Quatrella, Conspiracy to Commit Wire Fraud, Connecticut 2017 · Florida
- Aramais Airapetian, Mortgage Fraud, California 2023 · Colorado
- Robert Terry Bruce, Wire Fraud, Connecticut 2016 · Washington
- David Rivera, Election Fraud, Tennessee 2016 · Washington
- Ian Parker Bick, Wire Fraud and Money Laundering, Connecticut 2015 · Rhode Island
Key Facts
- State: Connecticut
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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