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Lillian Street, Park Ridge, NJ

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Park Ridge Dad, Upper Saddle River Son Sentenced To Federal Time For Mortgage Scam Park Ridge Dad, Upper Saddle River Son Sentenced To Federal Time For Mortgage Scam
Park Ridge Dad, Upper Saddle River Son Sentenced To Federal Time For Mortgage Scam A Park Ridge man was sentenced Thursday to 27 months in federal prison and his Upper Saddle River son to home confinement for eight months for defrauding mortgage lenders out of more than $300,000. George Bussanich Sr., 60, and George Bussanich Jr., 39, used most of the money to buy high-end luxury vehicles, U.S. Attorney Craig Carpenito said. Both men previously admitted in U.S. District Court in Newark that they used sham short sales of two properties -- one on Jefferson Avenue in Emerson, the other on Lillian Street in Park Ridge – to swindle mortgage lenders between 2009 and 2012. The …

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by Jerry DeMarco