March 14, 2025

mortgage fraud

Home mortgage fraud
Mortgage

JPMorgan, Chetrit Group Named in $481M Mortgage Fraud Suit

  • March 12, 2025

New allegations tied to a mortgage fraud scandal that rocked the industry and landed an executive in federal prison now implicate JPMorgan, the lender on the deal, and the borrower — New York’s Chetrit Group. Wells Fargo, which filed suit in federal civil court as trustee on a $481 million CMBS loan, alleges JPMorgan knew

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Mortgage

Luxury home builder faces 35 years in prison for mortgage fraud, tax evasion

  • June 17, 2024

Pecoy did not deposit the majority of these cash payments into his business’s bank accounts. Instead, he used the cash to pay vendors and subcontractors directly. For instance, Pecoy admitted to paying approximately $135,700 in cash to subcontractors for work on the Cape Cod property. To cover up these transactions, Pecoy kept separate ledgers, fabricated

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