#real-estate-fraud

#real-estate-fraud

The fact that he met them in public [near] his place of work, which is a police station, obviously provided, I would think, some other form of assurance for our clients that this was a legitimate real estate transaction, said Alex Henderson, the plaintiffs' lawyer. He was someone whose job is to maintain public trust as a police officer; I'm sure that did play a role in our clients decision to trust him.

Prosecutors say three individuals and three companies falsified heir documents, forged signatures, and used the property to secure loans, all while the true owners were unaware of what was happening. Angela Jazmin Ramos Malpica, 35, Yuan Kuei Li, 41, Abdur Rahman, 34, and the companies Great Neck Acquisitions Inc., White Lotus Consulting Inc., and Ocean Property and Trading Inc. are accused of working together to steal a brownstone at 267 West 131st Street and using it to obtain a mortgage and construction loan.

"Deepa Roy and Victor Quimis preyed on an elderly widow in hospice to steal the home she owned for nearly 40 years," AG Letitia James said.

The lawsuit claims defendants committed real estate fraud by selling defective homes and utilizing fraudulent paperwork to close transactions, violating multiple laws and regulations.

"He stole our lives," said Clotilde "Wendy" Sawadogo, deed theft victim. "We were no longer happy in our house. We were feeling like strangers in our own homes."

"This hurt me a lot because I believed him, and I trusted him to have a home, and it didn't happen... He took me to this site to see the home, but it wasn't my home."

Cantu's sentence reflects the serious damage caused by her fraudulent activities, underscoring the need for accountability in cases of manipulated real estate transactions.