LONGMEADOW, Mass. — A Longmeadow woman has copped to a massive $20 million loan fraud scheme. Jeanette Norman, 57, pleaded guilty in federal court on September 19, 2025, admitting to conspiracy to commit wire fraud and two counts of wire fraud. Sentencing is set for January 22, 2026.
Norman and her husband, Louis R. Masaschi, were indicted by a federal grand jury in May 2025. Norman’s sister, Christine Gendron, a certified public accountant, also pleaded guilty in a related case in June 2025.
The trio, operating through numerous limited liability companies including JLL Realty Developers, LLC (JLLRD), are accused of defrauding financial institutions and commercial lenders with false rent rolls and forged lease agreements. The fraud, spanning from May 2016 to May 2019, resulted in $62,232,000 in loans and a loss of $20,099,295.
The charges against Norman carry potential sentences of up to 35 years in prison and fines of up to $1.25 million, depending on the U.S. Sentencing Guidelines and statutes.
United States Attorney Leah B. Foley and FBI Special Agent in Charge Ted E. Docks announced the guilty plea. Assistant U.S. Attorneys Steven H. Breslow and Caroline Merck are handling the prosecution of this case.
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Key Facts
- State: Massachusetts
- Agency: DOJ USAO
- Category: Fraud & Financial Crimes|Organized Crime
- Source: Official Source ↗
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