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Chape Family Assets and Investments

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Accused $550,000 Mortgage Fraud Schemer From Bergen Already Had A History, Records Show Accused $550,000 Mortgage Fraud Schemer From Bergen Already Had A History, Records Show
Accused $550,000 Mortgage Fraud Schemer From Bergen Already Had A History, Records Show Gerrmaioud Chape was no stranger to police and prosecutors in Bergen County. So it wasn’t surprising to some when county prosecutors charged him with stealing $525,000 from unwitting investors through mortgage fraud. Chape, 43, already had a petty criminal history that included arrests for speeding, shoplifting and drugs when Bogota police charged him in 2015 with pocketing $40,000 that a Colombian brother and sister saved to come to America. The money was supposed to be a down payment on a mortgage for the siblings’ new home, authorities said at the time, but Chape used it instead on pers…

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by Jerry DeMarco