4 Charged in Mortgage Fraud Scheme

admin —  May 13, 2010 — Leave a comment

Anson Joachin a/k/a A.J. Alexandre, 39, Parkland, Florida, John Fisher, 35, Jupiter, Florida, Tracey Balli, 35, Pembroke Pines, Florida, and Delano McLennon, 33, North Lauderdale, Florida, have been indicted for their participation in a multi-million dollar mortgage fraud scheme.

All the defendants are charged with conspiracy to commit mail fraud and wire fraud, in violation of Title 18, United States Code, Section 1349. Defendants Anson Joachin and Tracey Balli are charged with four counts of substantive mail fraud and four counts of substantive wire fraud, in violation of Title 18, United States Code, Sections 1341 and 1343. Defendant John Fisher is charged with two counts of substantive mail fraud and two counts of substantive wire fraud. Defendant Delano McLennon is charged with two counts of substantive mail fraud and two counts of substantive wire. In addition, defendants Tracey Balli and Delano McLennon are charged with one count of making a false statement to a government agency, in violation of Title 18, United States Code, Section 1001. If convicted of the conspiracy count, the substantive mail fraud counts and the substantive wire fraud counts, the defendants face a maximum statutory penalty of twenty years’ imprisonment on each count. The false statement count carries a maximum penalty of five years’ imprisonment.

According to the superseding indictment, the defendants engaged in a scheme to enrich themselves by fraudulently causing real property in Broward and Palm Beach Counties, Florida to be bought and sold through straw buyers who obtained high value mortgages based upon fraudulent mortgage loan applications. Defendant Anson Joachin orchestrated the scheme, in which defendant John Fisher, a licensed mortgage broker, and Tracey Balli, a loan processor, participated. Defendant Balli recruited straw buyers, including Delano McLennon, to join the scheme.

In order to obtain mortgages on these properties, all of the defendants submitted and caused to be submitted fraudulent documents to various mortgage lenders across the United States. Based on these false documents, the mortgage lenders issued approximately $2,300,000 in loans to the defendants and their co-conspirators.

Wifredo A. Ferrer, United States Attorney for the Southern District of Florida, John V. Gillies, Special Agent in Charge, Federal Bureau of Investigation (FBI), Miami Field Office, Henry Gutierrez, Postal Inspector in Charge, U.S. Postal Inspection Service, and J. Thomas Cardwell, Commissioner, State of Florida’s Office of Financial Regulation made the announcement.

Mr. Ferrer commended the investigative efforts of the FBI, the U.S. Postal Inspection Service and the State of Florida’s Office of Financial Regulation. This case is being prosecuted by Assistant U.S. Attorney Randy D. Katz.

The case has been assigned to U.S. District Court Judge Ursula Ungaro in Miami. Defendant Anson Joachin was arrested on Friday, May 7, 2010, in Atlanta, Georgia, where he made his initial appearance and was ordered detained pending his removal to the Southern District of Florida. The remaining defendants will make their initial appearances in Miami next week.

An indictment is only an accusation and a defendant is presumed innocent until and unless proven guilty.

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