Related Federal Cases
- Mail Bandit Back Behind Bars: Repeat Offender Defies Parole · Connecticut
- Jamila Williams-Stevenson Pleads Guilty to Bank Fraud, ID Theft · Connecticut
- Hartford Heroin Dealer, David Valentin, Faces Life Behind Bars · Connecticut
- CT Man Pleads Guilty to Maine Bank, ID Fraud Spree · New Hampshire
- Waterbury Drug Kingpin Delgado Sentenced to Decade Behind Bars · Puerto Rico
Watertown Man Behind Bars for Bank Fraud
JASON CALABRESE, a 44-year-old mortgage broker from Watertown, Connecticut, has been sentenced to six months of imprisonment, followed by three months of home confinement and two years of supervised release, for his role in a series of fraudulent mortgage loan applications.
According to court documents and statements made in court, CALABRESE’s co-conspirators, Thomas Provenzano and Ryan Geddes, obtained a $923,200 loan in 2005 to purchase a lakefront home located at 27 Palmer Road in Morris for more than $1.1 million, despite lacking the income to pay off the mortgage.
CALABRESE, who submitted the false loan application to a lender, knew that Provenzano’s income was substantially less than the $20,000 per month stated in the application. He also knew that Geddes and his family continued to reside in the property, despite the loan application stating that Provenzano would reside in it as an owner-occupant.
Two years later, Provenzano applied for a new mortgage through CALABRESE to refinance the original mortgage, again submitting a false loan application with inflated income figures. The mortgage refinancing application was approved, and CALABRESE’s mortgage company was paid an $18,720 broker’s fee.
Both Provenzano and Geddes previously pleaded guilty to their roles in the scheme. Provenzano was sentenced to 18 months of imprisonment in 2014, while Geddes awaits sentencing. CALABRESE pleaded guilty to one count of conspiracy to commit bank fraud in May 2015.
As part of his sentence, CALABRESE was ordered to pay a $3,000 fine and $400,585 in restitution. The matter is being investigated by the Federal Bureau of Investigation and the Internal Revenue Service – Criminal Investigation Division, and is being prosecuted by Assistant U.S. Attorneys Henry Kopel and Michael Gustafson.
RELATED: Alan Giacomi Gets 41 Months for Stealing $400K from Clients, Family
RELATED: Watertown Felon Gets 3.5 Years for Backyard Blast
Key Facts
- State: Connecticut
- 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