Archives For New Jersey

Paul Mancuso, 49, Glen Rock, New Jersey, pled guilty in Newark, New Jersey, federal court to one count of conspiracy to commit wire fraud in connection with fraudulent investment schemes that defrauded 15 victims of more than $3 million.

According to documents filed in the case and statements made in court:

On August 21, 2014, a federal grand jury in Newark, New Jersey indicted Mancuso on one count of conspiracy to commit wire fraud and five counts of wire fraud. It also charged Pasquale Stiso, 53, West Harrison, New York, with one count of conspiracy to commit wire fraud and one count of wire fraud. Continue Reading…

Anika N. Greene, 42, Bronx, New York, was convicted by a federal jury on charges of conspiracy to commit bank and wire fraud, bank fraud, wire fraud, access device fraud and three counts of aggravated identity theft.

Green was charged in a superseding indicted on July 15, 2014. According to court records and evidence presented at trial, Greene and three other individuals, Jeffrey Washington, Alice Howard, and Catya J. Craig, burglarized Wells Fargo mortgage offices throughout New York, New Jersey, Connecticut and Maryland in 2012 and 2013. The defendants stole over 1,800 mortgage files that were then used in a variety of bank customer impersonation and retail credit fraud schemes, targeting various banks and retailers. Washington recruited individuals to go into banks, impersonate customers and remove funds via setting up business accounts and transferring funds from the accounts of bank customers. Washington and other defendants, including Greene, traveled from New York to the Eastern District of Virginia on multiple occasions throughout 2012 and 2013. Continue Reading…

Fryar, mother ask judge to overturn guilty verdicts

Alleging a “miscarriage of justice,” attorneys for former NFL star Irving Fryar and his mother are urging a judge to  either overturn a jury’s verdicts convicting the two in a $1.2 million mortgage fraud or grant a new trial.

Motions filed by the defense in Superior Court in Mount Holly late last week say the convictions came despite a lack of evidence and because of prosecutorial misconduct.

Delio Coutinho, 73, loan officer, Woodbridge, New Jersey was sentenced to 36 months in prison for his role in a large-scale short sale mortgage fraud scheme that caused millions of dollars in losses.  Coutinho previously pleaded guilty before U.S. District Judge Susan D. Wigenton to an information charging him with conspiracy to commit wire fraud.  Continue Reading…

Irving Fryar, a former player with the Philadelphia Eagles, and his 74 year old mother, Allene McGhee, were recently convicted in a mortgage fraud case after a federal jury trial. Fryar was interviewed by Vai Sikahema of NBC News after his conviction.

Part 1 of the Interview

Part 2 of the Interview

Part 3 of the Interview

Part 4 of the Interview

Irving Fryar and mother convicted in mortgage scheme

Former Philadelphia Eagles player Irving Fryar and his mother, Allene McGhee, were found guilty Friday of charges of conspiracy and theft by deception stemming from a $1.2 million mortgage scheme that prosecutors said victimized seven lending institutions in South Jersey and Philadelphia in 2009.

Fryar, a Pro Bowl wide receiver who retired from the NFL in 2001 after playing for 17 years with four teams, and his mother, a retired school bus driver from Willingboro, showed no emotion as a jury in Mount Holly announced the verdict after more than 11 hours of deliberation.

Christopher Colatrella, 43, Wall Township, New Jersey was sentenced to 5 years in state prison after pleading guilty to 2nd Degree Financial Facilitation of Criminal Activity (Money Laundering) related to an investigation that involved mortgage fraud, theft by deception and money laundering. Christopher Colatrella’s brother John Colatrella, 52, Long Branch, New Jersey was sentenced to 2 years probation for 3rd Degree Conspiracy to Commit Theft by Deception. John Colatrella’s daughter Alexis Colatrella, 29, Wall Township, New Jersey was admitted into Pre-Trial Intervention for her role obtaining fraudulent mortgages.

The investigation involved over $2 million in fraudulent loans for townhouses located in Lakehurst, New Jersey. The criminal activity resulted in a financial benefit totaling over $740,000 from fraudulent mortgages and the proceeds were inserted and laundered through multiple personal and business accounts.

Charges against Martin D’Amato, Clara Cara, Dolores Cittadino and Vincent Veritas were dismissed as part of the plea agreement

Kenneth Sweetman, 34, Nutley, New Jersey, was sentenced to 24 months in prison for his role in a massive mortgage fraud scheme involving multiple properties in Elizabeth, New Jersey.  Sweetman previously pleaded guilty before U.S. District Judge Susan D. Wigenton to an information charging him with one count of conspiring to commit wire fraud affecting a financial institution.

According to documents filed in the case and statements made in court: Continue Reading…

Opening arguments completed in trial of Fryar, mom

Did former NFL star Irving Fryar and his mother conspire to defraud banks and a mortgage company of more than $1 million? Or were they the victims of a “con man” who was sent to federal prison for his role in the case?

Based on opening arguments Wednesday at the Burlington County Courthouse in Mount Holly, that is what jurors will consider during the trial, which is expected to last a few weeks.


Prosecutor lays out Irving Fryar’s alleged scam

When ex-Eagle Irving Fryar needed money in 2008 and 2009, a financial adviser now serving time in federal prison told him about a scheme they could use to defraud banks, New Jersey Deputy Attorney General John Nicodemo said in opening arguments at Fryar’s trial in Mount Holly on Wednesday.

By applying for multiple mortgage loans in quick succession, and using one property as collateral, the two men could obtain money that banks normally would not approve, Nicodemo told the jurors. “One bank will never know about the others, and you get a whole bunch of money using one property for all of the loans,” he said.