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Attorney General Bondi’s Office and Miami-Dade Police Department Stop South Florida Mortgage Fraud Scheme Totaling Nearly $5 Million

October 25, 2012 Government No Comments

Contact:
Jenn Meale
Phone: 850.245.0150
jennifer.meale@myfloridalegal.com

Attorney General Bondi’s Office and Miami-Dade Police Department Stop South Florida Mortgage Fraud Scheme Totaling Nearly $5 Million

TALLAHASSEE, Fla. –Attorney General Pam Bondi and the Miami-Dade Police
Department today charged seven people for their alleged involvement in a
mortgage fraud scheme totaling nearly $5 million. The individuals allegedly
defrauded lenders by using straw buyers, filing false liens with county
officials, laundering money, and inflating prices quoted to lenders.
“By working with the Miami-Dade Police Department, we have stopped this
mortgage fraud scheme,” stated Attorney General Pam Bondi. “We will
continue our efforts to stop mortgage fraud and hold criminals
accountable.”

Chief Juan Santana of the Miami-Dade Police Department stated “The
Miami-Dade Police Department’s Real Estate Fraud Section continues its
vigilance and long-term commitment against those individuals who sought to
compromise the integrity of the banking and mortgage industry.”

Below is the list of defendants and their charges. Each of the counts
charged is a first degree felony and is punishable by up to 30 years in
prison and up to $10,000 fine.

· Lazaro Santiago Cajuso, 48; Hialeah Gardens; RICO, organized fraud,
three counts of grand theft
· Juan Pablo Maya, 48, Orlando; grand theft
· Ivon Marrero,40, Hialeah; grand theft
· Jose-Ricardo Jesus Armas, 35, Miami; RICO, organized fraud, three
counts of grand theft
· Jesus Alberto Gregorio, 52; Hialeah, grand theft
· Roberto Ramos, Miami, 73; grand theft first degree, organized fraud
· Remberto Lago, 41, Hialeah, 41; grand theft

This scheme operated with straw buyers who used their names and credit to
purchase numerous properties. Once the loan had been secured and records
reflected a price well over the actual price paid to the seller, a variety
of financial exchanges would take place to make the purchase appear
legitimate. The laundered money would then go back to the closing agent’s
escrow account and be characterized in the records as the cash brought to
the closing by the straw buyer.

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