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Premier Mortgage Services

Police & Fire
Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud
Feds: International Fugitive Admits Role In $30 Million NJ Mortgage Fraud A New Jersey mortgage company loan officer who’d been an international fugitive for several years admitted his role in a long-running, large-scale scam that cost lenders more than $30 million, authorities said. Isaac DePaula, 41, and a group of conspirators pulled off the scheme through a company called Premier Mortgage Services (PMS), according to a complaint on file in U.S. District Court in Newark. The thieves targeted low-income areas, recruiting straw buyers to seek mortgages for properties they really couldn’t afford, federal authorities charged. The conspirators secured the loans by…

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by Jerry DeMarco
Police & Fire
Feds: Longtime Fugitive From Brazil Surrenders In Major NJ Mortgage Fraud Feds: Longtime Fugitive From Brazil Surrenders In Major NJ Mortgage Fraud
Feds: Longtime Fugitive From Brazil Surrenders In Major NJ Mortgage Fraud A long-time Brazilian fugitive flew returned to New Jersey on Tuesday to face federal charges in a long-running mortgage fraud, authorities said. Isaac DePaula, 40, of Brazil, had been on the run since federal authorities first charged him in a 2012 complaint and then a grand jury in U.S. District Court in Newark indicted him four years later. He flew in to Newark Airport on Tuesday to face the indictment, which charges him with conspiracy to commit bank fraud and three counts of bank fraud, U.S. Attorney Craig Carpenito said. A federal judge ordered DePaula’s release pending further court…

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by Jerry DeMarco