Six individuals in Florida and Brazil, including a mortgage banker, were indicted in an international mortgage fraud scheme, according to an indictment unsealed Monday by the U.S. Attorney’s Office for the Southern District of Florida.
The alleged scheme, according to media reports, involved the sale and purchase of residential properties in and around Miami and Palm Beach using fraudulent mortgages.
Authorities charge that the indicted individuals applied for at least $9 million in mortgage loans.
The South Florida Business Journal has the story:
The February indictment names four Miami residents – Raul Enrique Quintana, Evelyn Lara, Luis Enrique Sosa, and Juan Osiel Gonzalez – and two Brazil residents, Maura Quintana and Arnaldo Almeida Prado Neto.
The scheme ran from about October 2004 through May 2007 and involved Chevy Chase Bank, JP Morgan Chase Bank and Washington Mutual Bank, according to the indictment. The Quintana couple and their Maura Quintana's son, Prado, purchased residential properties with mortgage loans they obtained by submitting reportedly fraudulent applications and related documents.
In the indictment, three companies were named: Brickell Financial Corp., of which Raul Quintana was president and director, Title Closing Partners of Brickell LLC, of which Maura Quintana was manager and Lara and Raul Quintana controlled, and Cellular & Wireless Wholesale Corp., of which Luis Sosa was president, secretary and director.
On some loan documents, Maura Quintana and Prado, as borrowers, claimed to be employed by Cellular & Wireless when they were not and Sosa agreed to cover for them when the lenders came calling, according to indictment.
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