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March 30, 2017

Posted  March 30, 2017

New Jersey announced that a lawyer from Essex County was found guilty at trial of conspiring with others to steal approximately $873,520 from a lender by using stolen identities to file fraudulent mortgage loan applications for two bogus real estate transactions, falsifying settlement statements and diverting loan proceeds. The state presented testimony and evidence at trial that Hand conspired with others, including Thomas D’Anna, 41, of Saddle Brook, N.J., in two fraudulent real estate sales between January 2009 and April 2009. The sales involved properties at 248 River Road in Garfield and 91 Isabella Avenue in Newark. In both sales, D’Anna, or a company he owned, sold the property, while no actual buyer existed. The defendants used identities stolen from residents of Puerto Rico to apply for loans for the purchases, submitting false bank statements and other false information to support the applications. The lender provided loans of $415,865 for the Garfield property, and $457,655 for the Newark property. Hand was the attorney and settlement agent for both closings. NJ

Tagged in: Housing and Mortgage Fraud,