2 Admit Scheme to Steal Mortgage Payoff Money

admin —  March 1, 2010 — 7 Comments

Eric Koppelman, 49, Hauppauge, New York, and Irshad Ramzan, a/k/a “Tony, 36, Baldwin, New York, have pled guilty to a scheme to steal over $6 million in money obtained from banks through home mortgage loans for the purchase of residential properties, which funds were supposed to be used to pay off existing mortgages on the properties.          

According to the Informations (Koppelman, Ramzan) to which Koppelman and Ramzan pleaded guilty and statements made by them during their guilty plea proceedings:

Ramzan controlled the operations of a business called 44th Street Home Funding, Inc., which did business under the trade name “Platinum Funding“. Platinum Funding was located in South Ozone Park, New York, and engaged in the business of, among other things, brokering retail real estate and mortgage transactions, that is, arranging for the sales of homes and arranging for home mortgage loans for persons wishing to purchase homes or refinance loans on existing homes in the State of New York.

Koppelman was an employee of Aegis America LLC (“Aegis”), Manhattan, New York. Aegis provided services in connection with the closings of the sales of residences in the State of New York.

From 2004 through October 2005, Koppelman and Ramzan engaged in a scheme to steal the funds obtained from banks as part of home mortgage loan transactions that were to be used to pay off various residential real estate transactions processed through Platinum Funding and/or Aegis.

In order to effect this illegal scheme, Koppelman and Ramzan:

• issued, and cause to be issued, checks representing all or part of the funds that were to be used to satisfy mortgages to one or more companies controlled by Koppelman or Ramzan;

• falsely and fraudulently represented to the financial institutions providing home mortgage loans that part of the proceeds of the mortgage loans to buyers were being used to satisfy the seller’s mortgage loan, when, in truth and in fact, these funds were being used by Koppelman and Ramzan for their own purposes.

Koppelman pleaded guilty to conspiracy to commit bank fraud before United States District Judge Paul G. Gardephe. Previously, in August 2009, Ramzan, pleaded guilty to conspiracy to commit bank fraud before United States District Judge Naomi Reice Buchwald.

Koppelman is scheduled to be sentenced before Judge Gardephe on May 25, 2010. Ramzan is scheduled to be sentenced before Judge Buchwald on March 25, 2010, on the bank fraud conspiracy charge and on a conspiracy to commit mail fraud and bank fraud charge arising out of a separate scheme to which Ramzan pleaded guilty in October 2007.

The announcement was made by Preet Bharara, the United States Attorney for the Southern District of New York, and Ronald J. Verrochio, the Inspector-in-Charge of the New York Office of the United States Postal Inspection Service (“USPIS”), Mr. Bharara praised the work of the USPIS and thanked them for their work in this case.

These cases are being prosecuted by the Office’s Complex Frauds Unit. Assistant United States Attorney Daniel W. Levy is in charge of the prosecutions.

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7 responses to 2 Admit Scheme to Steal Mortgage Payoff Money

  1. Mrs. Nancy Arroyo and Mr. Carlos Mejia. August 1, 2010 at 6:33 am

    Please INSVETIGATE; Mr. Irshad Ramzan aka/Tony partner JEAN of possible FRAUD and STOLEN PROPERTY; since his WAS with Tony, WHEN we’d gave him the car to be sold. Office Loc; 135-10 Liberty Ave. in Richmond Hills, New York. (347) 644-5660. CAN SOMEONE HELP US,PLEASE? We have to deal with the Bank and we don’t have the car.

  2. Mrs C. Nancy Arroyo and Mr. Carlos Mejia. August 1, 2010 at 6:23 am

    Mr. Irsmad Ramzam aka/ Tony, NOT ONLY did this but, him and a partner named JEAN, used to get others people’s S/SN and buy and sell expensive automobiles promising a comission. Tony and Jean dissaperars and left the victims with BAD credit and to deal with the Banks. We’d gave them a 2004 BMW 745LI to sell and now we can’t get in touch with his partner JEAN, since Tony is in Jail. Their Office address is 135-15 Liberty Ave. in Richmond Hills and their Tel. No.is (347)644-5660; the name of the bussiness is called RENT TO OWN, or LEASE A LEMON. WE NEED SOMEBODY TO HELP US….

  3. Mr. Kishore D Rampersad July 29, 2010 at 6:57 pm

    Mr.Irshad Ramzan a/k/a Tony not only did he stole this money but he’d used others peoples S/Sn No. in order to buy Cars, promise a comission , dissapear, and then this peoples had to deal with the Banks payments and a ruined credit. I know some of his victims. Him and hi partner Jean should also be insvestigated for this. We hope his stays in jail forever. Their office number is (347-644-9120. Loc. at 135-10-15 Liberty Ave. 2nd Fl. Richmond Hill, New York, N. Y.

  4. why is mutliple titles a good thing?

  5. I dealt with Tony on my mortgage. He did a great job and I am sad to learn that this is happening to him. He always tried to do the right thing for people. He trusted to many people and now he is getting hurt for it. I hope all ends up well for him.

  6. Farida Seymoure March 11, 2010 at 4:37 am

    Correction, that was May of 2009 that Irshad Ramzan scheme me for $6600. He is still soliciting mortgage modification, he was working under the company name “Caricom” out of New York on Liberty Avenue in 2009.

  7. Farida Seymoure March 11, 2010 at 4:27 am

    Irshad Ramzan has moved his mortgage scheme to Florida, in March of 2010 he scheme me for $6600. This man went as far as sending a fake appraisal to my home and pretending that he was modifying my mortgage, until something did not seem right and I called my bank, then all hell broke loose, I would like to know whic DA is handling this case as I would like to testify against him, with that said I hope he fry in HELL

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