4 Charged in Florida Drug and Mortgage Fraud Scam

Allison Tussey —  May 21, 2009 — Leave a comment

Garry Souffrant, 33, and Yvonne Souffrant, 33, husband and wife, both of Davie, FL, Gamaliel Souffrant, a/k/a Neal Souffrant, 44, Garry Souffrant‘s brother, Pembroke Pines, FL, and Progressive Real Estate of Broward, Inc., located in Miami Lakes, FL, have been indicted and charged with conspiracy; conspiracy to commit money laundering; mail fraud; and receipt of stolen bank funds. Defendants Garry and Yvonne Souffrant are also charged with making false statements to mortgage lenders. Additionally, defendant Garry Souffrant is charged with conspiracy to possess with intent to distribute cocaine; bank fraud; and bank theft.

The Indictment alleges that from 2002 to 2008, defendants Garry Souffrant, Yvonne Souffrant, and Gamaliel Souffrant used Progressive Real Estate of Broward, Inc. to launder millions of dollars in drug proceeds through an extensive mortgage fraud scheme. The defendants allegedly assisted drug traffickers in purchasing homes and luxury automobiles, including a 2004 Rolls Royce Phantom. The defendants allegedly arranged for and/or acted as straw buyers on behalf of the drug traffickers. This allowed the traffickers to use their drug proceeds to purchase homes and lease automobiles, while concealing the source of the income. The defendants also allegedly diverted several million dollars of mortgage loan proceeds to continue to fund the scheme and for their personal use.

If convicted, all defendants face the following potential maximum penalties on these counts charged: 5 years for conspiracy (18 U.S.C §371); 20 years for money laundering conspiracy (18 U.S.C. §1956); 20 years for mail fraud (18 U.S.C. §1341);10 years for receipt of stolen bank funds (18 U.S.C. §2113( c)). In addition, defendant Garry and Yvonne face a possible sentence of 30 years for making false statements to mortgage lenders (18 U.S.C. §1014). Defendant Garry Souffrant faces the following additional penalties: 40 years for conspiracy to possess cocaine with intent to distribute (21 U.S. C. §846); 30 years for bank fraud (18 U.S.C. §1344); and 10 years for bank theft (18 U.S.C. §2113(b)).

R. Alexander Acosta, United States Attorney for the Southern District of Florida, Jonathan I. Solomon, Special Agent in Charge, Miami Division, Federal Bureau of Investigation, Daniel W. Auer, Special Agent in Charge, Miami Field Office, Internal Revenue Service, Criminal Investigation, John Timoney, Chief, City of Miami Police Department, and Robert Parker, Director, Miami-Dade County Police Department, announce the unsealing of the fifty-nine (59) count Indictment charging the three South Florida residents and real estate brokerage corporation with participating in a long term mortgage fraud scheme designed to launder drug money. The defendants made their initial appearances in federal court on May 18, 2009, before Federal Magistrate Judge Ted E. Bandstra in Miami. Defendant Garry Souffrant was ordered detained pending trial. The Court set bond for defendants Yvonne Souffrant and Gamaliel Souffrant.  

Mr. Acosta commended the investigative efforts of the Federal Bureau of Investigation, the Internal Revenue Service, Criminal Investigation Division, the City of Miami Police Department, and the Miami-Dade County Police Department. This case is being prosecuted by Assistant U.S. Attorneys Michael Patrick Sullivan and Todd W. Mestepey.


Be Sociable, Share!

Allison Tussey

Posts Google+

No Comments

Be the first to start the conversation.

Leave a Reply

Text formatting is available via select HTML.

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>