Boca Raton resident Jason Vitulano, 39, has pleaded guilty to charges of conspiracy to commit mail fraud and wire fraud, and mail fraud, in violation of Title 18, United States Code, Sections 1349 and 1341.
Vitulano, the organizer and operator of FHA All Day.com, Inc. and two other companies, Housing Assistance Law Center, Inc. and Safety Financial Corp., ran a scheme to bilk thousands of homeowners who were struggling to make their mortgage payments.
Between September 2008 and August 2009, the defendants operated boiler rooms that collected advance fees from distressed homeowners purportedly in exchange for obtaining loan modifications for the homeowners which were, with few exceptions, never provided.
The indictment alleges that Vitulano and his team made numerous false statements to the homeowners, including telling them they had already been approved or pre-approved for a loan modification that would save them a specific amount off their mortgage payment, reducing the interest rate and often the principal balance on the mortgage loan.
As a result of the scheme, over 2,000 distressed homeowners paid up front fees totaling approximately seven million dollars to the defendants.
Vitulano faces up to 20 years in prison as to each of the two counts, plus fines of up to $250,000 or twice the pecuniary loss, as to each count. Sentencing for Vitulano is scheduled for December 5, 2014 in West Palm Beach.
Additionally, two of the defendant managers, Neil Sack, 40, of Fort Lauderdale, and Brian Fleuridor, 30, of Delray Beach, have been sentenced to 30 months and 27 months in prison, respectively, to be followed by two years of supervised release.
Related Federal Cases
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- Juan A. Tony Marrero, Medicare Fraud Scheme, Florida 2023 · Florida
- Juan A. Tony Marrero, Medicare Fraud Scheme, Florida 2004 · Florida
- Adam Parrish, Healthcare Program Fraud, Florida 2012 · Florida
Key Facts
- State: Florida
- Category: Fraud & Financial Crimes
- Source: DOJ Press Release â†â€â€
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