Accused of allegedly participating in a mortgage scheme that resulted in $20,000 in illegal profits, suspended police officer Chester J. Ardolino and former city worker Michael J. Hutchison, both of Springfield, pleaded not guilty a second time to fraud and money laundering charges. Their trial is scheduled to begin November 29, 2004 in U.S. District Court. The plea was to a superseding indictment to cover anticipated changes in federal sentencing laws.
Ardolino is accused of providing Hutchison's sister with false employment records from a bar he owned an interest in to help her obtain a mortgage. Both men are accused of conspiring to produce falsified paperwork to support the loan and inflate the value of the property at 11-15 Belmont Place, Springfield, Massachusetts, then splitting the profits from a bogus sale. The defense argues that Ardolino and Hutchison entered into a partnership, fixed up the home and made regular payments on the mortgage.


Rachel Dollar, the editor of Mortgage Fraud Blog is an attorney and Certified Mortgage Banker who handles litigation for lending institutions and secondary market investors.