Gary Dimattia, 62, awaits trial after pleading no contest to 10 felonies in connection with his operation of a mortgage lending fraud scam, according to a statement from Nevada Attorney General Catherine Cortez Masto.
Dimattia swindled his customers out of $3,495-$3,895 after charging them up front. Dimattia also failed to perform his duties or refund fees, the AG's office said. Upon trial, he faces up to 110 years in prison.
To reel in his clients, Dimattia allegedly started his business under the title Financial Link Services and offered a balance reduction program, promising his clients that investors would buy their mortgages from lenders and then refinance his clients at current market value, the AG said.
The charges against him include four counts each of mortgage lending fraud and theft, one count of multiple transactions involving fraud and deceit in the course of enterprise or occupation, and one count of pattern of mortgage lending fraud.
This is in addition to separate charges of burglary and filing false instruments with the Nevada Secretary of State and perjury.