Milton (MA) man charged in ID theft/mortgage fraud allegations

February 9th, 2010 | by Admin |

In the following press release it was annouced that a Milton man was charged Tuesday in federal court with defrauding mortgage lenders and committing identity fraud as part of a mortgage fraud scheme.

United States Attorney Carmen M. Ortiz and Steven Ricciardi, Special Agent in Charge of the United States Secret Service in Massachusetts, made the announcement naming Augustus C. Okoye, age 47, of 278 Brush Hill Road, Milton, who is charged in an Information with three counts of wire fraud and one count of identity fraud.

The Information alleges that in November 2006, OKOYE used his brother’s name, social security number, and date of birth to obtain mortgage loans for the purchase of three properties in and around the Boston area. In addition, OKOYE made false statements about the purported borrower’s monthly income, employment, and/or intent to occupy the properties to the mortgage lenders in order to obtain mortgage loans for these real estate purchases.

If convicted, OKOYE faces up to 20 years imprisonment, to be followed by 3 years of supervised release, and a $250,000 fine on each of Counts One through Three of the Information, and up to 15 years imprisonment, to be followed by 3 years of supervised release, and a $250,000 fine on Count Four of the Information.

The case was investigated by the United States Secret Service. It is being prosecuted by Assistant U.S. Attorney Ryan M. DiSantis of Ortiz’s Economic Crimes Unit.

The details contained in the Information are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.

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