Two New Hampshire brothers indicted in fraud allegations
Wednesday, January 7, 2009 at 11:26AM In the following press release Tom Colantuono, United States Attorney for the District of New Hampshire, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Inspector in Charge of the U.S. Postal Inspection Service Randy Miskanic announced yesterday that two New Hampshire men have been charged by a grand jury for the District of New Hampshire with four counts of wire fraud and one count of mail fraud relating to a scheme to defraud lenders through the acquisition of real estate through straw purchasers using false and fictitious information.
The indictment alleges that brothers Thomas Ryder DOB 7/10/78 of Hopkinton, and Paul Ryder DOB 8/20/81 of Hudson, and others, [Ed. note - husband and wife Maureen and Frank Blake] submitted loan applications that included false statements, including but not limited to, statements as to the actual purchase price, the income, assets and employment of the purported purchasers, and the intent of the purported purchasers to reside at the residences. The indictment further alleges that the defendants and others then skimmed the difference between the real sales price of the property and the sales price submitted to the lender, for which the lender provided funds, and then divided the proceeds. The brothers were mortgage brokers who operated under the name of M&M Mortgage Consulting located in Salem, NH.
[Ed. note]
The 5 count indictment lists 5 properties:
2 Foundry Street, Nashua, New Hampshire
22 Mason Street, Hampton, New Hampshire
58 Gould Pond Road, Henniker, New Hampshire
10 Lake Avenue, Derry, New Hampshire
11 Shawnee Drive, Nashua, New Hampshire
[end]
A trial is scheduled for March 3, 2009 in the United States District Court. The Federal Bureau of Investigation and the United States Postal Inspection Service conducted the investigation under the auspices of the New Hampshire Mortgage Fraud Task Force. The New Hampshire Mortgage Fraud Task Force was begun by U.S. Attorney Colantuono in May, 2008 to combat growing instances of fraudulent activity in the mortgage markets. Member agencies include the FBI, Postal Inspection Service, HUD-OIG, Secret Service, IRS-CID, and the N.H. Department of Justice.
An indictment is the way a formal charge is brought against a defendant. All defendants are presumed innocent of any charge brought in an indictment until guilt is proven beyond a reasonable doubt.
The Editor - Ian Shuter - ACFE, DMS
The Eagle-Tribune reports that Frank Blake struck a deal with federal prosecutors on Monday to plead guilty to four counts of making false statements. A judge accepted the plea and set a one-hour sentencing hearing for Oct. 19 in U.S. District Court.
Blake and his wife, Maureen, of Compromise Way in Sandown, were originally indicted in December on charges they helped buy a Nashua property, reporting the sale price as $300,000 when the actual price was $160,000, indictments said.
The Editor - Ian Shuter - ACFE, DMS
United States Attorney John P. Kacavas, Special Agent in Charge of the Federal Bureau of Investigation Warren T. Bamford, and U.S. Postal Inspection Service Inspector in Charge Randy Miskanic, announced today that on Monday, September 28, 2009, Paul Ryder, 27, of Newburyport, Massachusetts, pleaded guilty to four counts of wire fraud and one count of mail fraud relating to a scheme to defraud lenders by acquiring real estate through straw purchasers using false and fictitious information.
The Editor - Ian Shuter - ACFE, DMS
United States Attorney John P. Kacavas, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Postal Inspector in Charge Randy Miskanic announced today that Thomas Ryder, 32, of Henniker, New Hampshire, pleaded guilty to four counts of wire fraud and one count of mail fraud relating to a scheme to defraud lenders by acquiring real estate through straw purchasers using false and fictitious information.
The Editor - Ian Shuter - ACFE, DMS
Acting United States Attorney Michael J.Gunnison, Special Agent in Charge of the Federal Bureau of Investigation Warren Bamford, and Postal Inspector in Charge Randy Miskanic announced today that Frank Blake, 63, of Sandown, New Hampshire, was sentenced to five years of probation including six months of home confinement after pleading guilty to four counts of false statements on HUD-1 Settlement Statements relating to a mortgage fraud scheme. An order of restitution was deferred until December 18, 2009.
During a change of plea hearing held on July 20, 2009, Blake admitted that he signed and certified HUD-1 Settlement Statements that contained false statements, including but not limited to, statements as to the actual purchase price of the property and the payment of a deposit on the purchase. The government’s offer of proof alleged that Blake had an arrangement with two others to share in funds obtained from the lender that were over and above the true sales price of the property. Blake received $50,000 from the arrangement.
View Printer Friendly Version
Email Article to Friend