Today a former real estate agent begged a judge not to throw him in prison, stating that it would be too much of a hardship on his family, according to an article by Torsten Ove for Pittsburgh Post-Gazette.

But U.S. District Judge Arthur Schwab wasn’t hearing it.

Today was former A1 Mortgage owner Gregory Makozy’s sentencing for about 15 years of fraud, according to the article. Prosecutors said he did not deserve mercy because of his willingness to “throw everyone under the bus.”

And it wasn’t just him. His wife was involved in a fraud scheme of her own, for which she received probation.

From the article:

"I know I screwed up. I messed up bad," cried Gregory Makozy of Port St. Lucie, Fla., the former owner of A1 Mortgage Co. in Cranberry, in addressing U.S. District Judge Arthur Schwab. "I'm saying I'm sorry. I'm asking you to have mercy on me."

Makozy, who owned Makozy Real Estate in Florida, was charged with multiple counts of hiding assets and lying following an investigation by the criminal division of the IRS. Prosecutors said he concealed more than $1 million during bankruptcy proceedings, including his properties in Cranberry and nearby Adams, as well as his Aston Martin car, which he sold for $54,000.

Most Popular Articles

FHA loan limits increasing for almost all of U.S. in 2020

Thanks to increases in home prices in 2019, the Federal Housing Administration loan limit will increase for nearly all of the country in 2020.

Dec 05, 2019 By

Latest Articles

MBA: These 5 factors will fuel the future of multifamily, commercial real estate

Multifamily and commercial real estate have had a great year in 2019, and its only expected to get better in 2020 and beyond. Here are five factors the MBA said to watch that will fuel the future of CRE.

Dec 10, 2019 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please