Couple from NYC sentenced for role in local mortgage scheme

Local News

Two people from West Babylon were sentenced for their role in a mortgage fraud scheme that victimized a Rochester mortgage company.

Angelo Louissaint, 42, and Jennifer Johnson, 42, had previously been convicted of conspiring to commit mail and and wire fraud during a mortgage fraud scheme that victimized Flaherty Funding. 

Louissaint was sentenced to 30 months in prison and Johnson was sentenced to five years probation to include six months home detention.

The attorney who handled the case said that the defendants worked together to prepare false mortgage applications in the names of straw buyers and used fraudulent supporting documents. Louissaint and Johnson worked with another individual, against whom charges remain pending, to concoct the scheme to obtain mortgage loans from Flaherty Funding using fraudulent information.

As a result of the scam, the defendants successfully obtained approximately $1,200,000 in loans, and sought an additional $900,000 for loans that ultimately did not close.


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