Jail Time for Lawyer Who Falsified Closing Statements

admin —  May 3, 2013 — 1 Comment

David Kinney, 54, Woodbridge, Connecticut, was sentenced by Senior United States District Judge Alfred V. Covello in Hartford to 21 months of imprisonment, followed by two years of supervised release, for participating in a mortgage fraud scheme and for making false statements to federal law enforcement.

According to court documents and statements made in court, Kinney, a New Haven-based attorney, participated in a mortgage fraud conspiracy in 2006 and 2007 by acting as the settlement agent in connection with fraudulent real estate transactions in New London County. As part of the scheme, Kinney submitted, or caused to be submitted, materially false HUD-l settlement statements to lenders. In certain cases, Kinney released a disbursement check before he had received the down payment listed on the HUD-1.

On November 5, 2007, in connection with the investigation of this matter, FBI special agents served Kinney a subpoena at his New Haven office. On that date, Kinney told agents that he had never given anyone a closing check prior to receiving the down payment money in connection with real estate closings that he handled when, in fact, he had done so on multiple occasions.

As part of his sentence, Judge Covello ordered Kinney to pay restitution in the amount $507,155.24 and to forfeit $65,749.59.

On November 9, 2011, Kinney pleaded guilty to one count of conspiracy and one count of making a false statement.

David B. Fein, United States Attorney for the District of Connecticut, announced the sentence.

This case was investigated by the Federal Bureau of Investigation and the U.S. Department of Housing and Urban Development, Office of Inspector General. The case is being prosecuted by Assistant United States Attorneys Michael S. McGarry and David T. Huang.

 

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One response to Jail Time for Lawyer Who Falsified Closing Statements

  1. CT Judges are better than MA Judges because we had an invalid closing and never got a copy of our note, mortgage or any closing documents to satisfy the terms of a legal contract. We had proof of numerous letters requesting our documents, QWR, complaints, validation of debts etc and our home was illegallly sold without our knowledge while we were making payments. The Judge didn’t care that it was an Invalid Loan or that they ignored the MA state foreclosure laws or that it was bought with an INvalid Credit Bid. Where does an innocent victim go next?

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