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Federal Housing Finance Agency – Office of Inspector General

Police & Fire
Wyckoff Con Man Gets 12 Years In Fed Prison For Mortgage Fraud, Tax Evasion Wyckoff Con Man Gets 12 Years In Fed Prison For Mortgage Fraud, Tax Evasion
Wyckoff Con Man Gets 12 Years In Fed Prison For Mortgage Fraud, Tax Evasion WYCKOFF, N.J. -- A former settlement agent from Wyckoff was sentenced Monday to 12 years in federal prison for bank fraud and other crimes involving refinanced properties in Bergen and Morris counties. Unlike the state of New Jersey, there's no parole in the federal prison system -- meaning that Mark Andreotti, 47, must serve out nearly his entire sentence. Federal jurors last fall found Andreotti guilty of defrauding banks out of $1.1 million using phony property loan applications while failing to pay more than $450,000 in personal income taxes following a two-week trial. Prosecutors show…

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by Jerry DeMarco
Police & Fire
Yonkers Convict's Accomplice Busted In $3.5M 'Shotgunning' Scheme, Feds Say Yonkers Convict's Accomplice Busted In $3.5M 'Shotgunning' Scheme, Feds Say
Yonkers Convict's Accomplice Busted In $3.5M 'Shotgunning' Scheme, Feds Say An accomplice of a convicted Westchester man was charged in connection with a $3.5 million "shotgunning" scheme, said federal authorities who arrested him Sunday. Saoud “Sam” Rihan, 57, was a business partner of Yonkers resident Simon Curanaj, 63, who admitted last November that he and his associates used bogus information and simultaneous loan applications at multiple banks to fraudulently obtain home equity lines of credit -- a practice known as “shotgunning,” U.S. Attorney Craig Carpenito said. Rihan, of the Bronx, was scheduled to appear in federal court in Newark. Among othe…

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by Jerry DeMarco