Man Charged with Defrauding Lenders and ID Theft

admin —  February 9, 2010 — Leave a comment

Augustus C. Okoye, 47, Milton, Massachusetts, was charged in federal court with defrauding mortgage lenders and committing identity fraud as part of a mortgage fraud scheme. Okoye is charged with three counts of wire fraud and one count of identity fraud.

The Information alleges that in November 2006, Okoye used his brother’s name, social security number, and date of birth to obtain mortgage loans for the purchase of three properties in and around the Boston, Massachusetts area. In addition, Okoye made false statements about the purported borrower’s monthly income, employment, and/or intent to occupy the properties to the mortgage lenders in order to obtain mortgage loans for these real estate purchases.

If convicted, Okoye faces up to 20 years imprisonment, to be followed by 3 years of supervised release, and a $250,000 fine on each of Counts One through Three of the Information, and up to 15 years imprisonment, to be followed by 3 years of supervised release, and a $250,000 fine on Count Four of the Information.

The case was investigated by the United States Secret Service. It is being prosecuted by Assistant U.S. Attorney Ryan M. DiSantis of Ortiz’s Economic Crimes Unit.

The details contained in the Information are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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