Connecticut Women Gets Probation for Mortgage Fraud

Rachel Dollar —  August 4, 2015 — Leave a comment

Glorvina Constant, 36, New Haven, Connecticut, was sentenced  to one year of probation for participating in a mortgage fraud scheme.  Her husband, Jason Sheehan, 41, New Haven, Connecticut, was sentenced to 37 months in prison for a bankruptcy and tax fraud scheme involving his company, Infinistaff, LLC.  As part of that scheme, Constant received Infinistaff payroll checks totaling $354,000 during the pendency of Infinistaff’s bankruptcy proceedings even though she performed no work for the company.

In 2013, Constant purchased a home using proceeds from a $390,000 mortgage loan she obtained from a local bank, as well as approximately $260,000 embezzled by Sheehan from the Infinistaff bankruptcy estate.  The mortgage loan application falsely stated that Constant worked for Infinistaff and earned approximately $16,000 per month, when in fact, she did not work for Infinistaff at all.  After a bankruptcy trustee was appointed in the Infinistaff bankruptcy case and the company was no longer operating, Constant applied for a second mortgage loan of $131,000 from the bank.  Constant again misrepresented on the loan application that she was employed by Infinistaff and earning a substantial salary.

On October 7, 2014, Constant pleaded guilty to one count of conspiracy to commit bank fraud.

This matter was investigated by the Internal Revenue Service – Criminal Investigation Division and the Federal Bureau of Investigation, with the assistance of the U.S. Trustee Program.

This case was prosecuted by Assistant U.S. Attorney Heather Cherry and Senior Litigation Counsel Richard J. Schechter.

 

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