Light Rain Fog/Mist 47°
Tag:

Jorge Flores

News
Nassau Man Sentenced In ‘Shotgun’ Mortgage Scheme That Cost Banks $9M Nassau Man Sentenced In ‘Shotgun’ Mortgage Scheme That Cost Banks $9M
Nassau Man Sentenced In ‘Shotgun’ Mortgage Scheme That Cost Banks $9M A Long Island man was sentenced to a year and a day in federal prison for his role in a $9 million ‘shotgun’ mortgage scheme in New Jersey and New York. Yorce Yotagri, age 54, of Freeport, admitted last year that he partnered with Jorge Flores of Oakdale and Jose Piehrahita, also of Freeport, to secure several home equity lines of credit for the same properties and pocket the money before the lending banks found out, Acting U.S. Attorney Rachael A. Honig said. One of those properties was in Jersey City, a complaint filed in U.S. District Court in Newark says. Yotagri lived on another i…

SHARE

by Jerry DeMarco
Police & Fire
Long Island Man Admits Role In ‘Shotgun’ Mortgage Scheme Costing Banks $9M Long Island Man Admits Role In ‘Shotgun’ Mortgage Scheme Costing Banks $9M
Long Island Man Admits Role In ‘Shotgun’ Mortgage Scheme Costing Banks $9M A Long Island man admitted in federal court in Newark that he participated in a $9 million ‘shotgun’ mortgage scheme in New Jersey and New York. Yorce Yotagri, 53, of Freeport partnered with two other Long Island men – identified as Jorge Flores of Oakdale and Jose Piehrahita, also of Freeport – to secure several home equity lines of credit for the same properties and pocket the money before the lending banks found out, U.S. Attorney for New Jersey Craig Carpenito said. One of those properties was in Jersey City, a complaint filed in U.S. District Court in Newark says. Yotagri lived on ano…

SHARE

by Jerry DeMarco