Related Federal Cases
- Joseph W. Witkowski, Mortgage Fraud Scheme, NJ 2023 · New Jersey
- Irina Segal, Medicare Fraud, Bucks County PA, 2023 · Pennsylvania
- Irina Segal, Medicare Fraud, Philadelphia PA, 2023 · California
- Irina Segal, Medicare Fraud, Philadelphia PA, 2023 · California
- Marc Henry Menard, Investment Fraud Scheme, Mineola NY, 2023 · New Jersey
David Sacci, Martin Sacci Mortgage Fraud, Pennsylvania 2008
Two New Jersey men, David Sacci and Martin Sacci, have been charged with mortgage fraud, making false statements, and conspiracy to defraud the United States in connection with a mortgage loan insured by the Federal Housing Administration.
According to the indictment, the defendants, both 46 and 64 years old respectively, worked as loan officers for Aurora Financial, a financial services firm operating in Pennsylvania, New Jersey, and other states. The alleged fraudulent conduct took place in 2007 and 2008.
The indictment alleges that the defendants used false documents and made false statements in connection with a mortgage insured by the FHA for a residential property in Long Pond, Monroe County, Pennsylvania.
Both defendants were arraigned before U.S. Magistrate Judge Thomas M. Blewitt and released pending trial. The trial is scheduled for March 18, 2013.
The charges stem from an investigation by the Department of Housing and Urban Development (HUD). Another defendant connected to the scheme, Patricia Chmura, previously pleaded guilty to HUD fraud charges and is awaiting sentencing.
The case is being prosecuted by Assistant U.S. Attorney Francis P. Sempa. The maximum penalty under the federal statute is 14 years’ imprisonment, a term of supervised release following imprisonment, and a fine.
Indictments and Criminal Informations are only allegations. All persons charged are presumed to be innocent unless and until found guilty in court.
Key Facts
- State: Pennsylvania
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
ðŸâ€Â’ Get the grimiest stories delivered weekly. Subscribe free →
MORE FEDERAL CRIME NEWS
US NewsUS NewsUS NewsUS News