House (scam) of Horrors
| | Wednesday, October 20, 2004 @ 10:00 AM EDT
|  Printer Friendly Page
 Send this Story to a Friend |
Contributed by: Inactive Account
Inactive Account Properties
Read more archived articles about Foreclosures
A crooked couple ran a $5million scam on homebuyers by selling them vacant homes they didn’t own.
Prosecutors said the scam by Maria Leyna Albertina, 39 and her husband, Raymond, 41, was fairly simple.
They selected houses with back tax bills, finding them on a foreclosure web site, www.jer.com.
Once the Albertinas and their crew of three confirmed a home was empty, they would pay some of the back taxes to stave off foreclosure. They then allegedly forged a deed, notary stamps and signatures to make it appear that the actual owner sold the house
 | |
| Advertisement |
to one of several shell companies they created- among them Beef Patty Breath.
The properties were then sold to unsuspecting buyers.
The scammers would use part of the sales price to pay off the remaining tax bill and pocket the rest.
“ This is the most stunning example of white-collar fraud I’ve seen,” Brooklyn District Attorney Charles Hynes said. The scheme unraveled when a legitimate property owner discovered that his home had been sold from under him.
The Albertinas allegedly used their ill-gotten wealth to buy a $600,000.00 house in Merrick Long Island, which they tore down; they put up a mansion in its place. They bought a $50,000.00 sport-utility vehicle and a $200,000.00, powder blue luxury motorboat called Miei Tre Bambinas- Italian for my three babies.
Kayon Williams, a single mom of 16-month-old twin girls, bought two Brooklyn homes from the Albertinas, planning to rent them out for income. “I’m devastated,” she said, tears welling up in her eyes. “ I don’t know what I’m going to do.’
Anyone victimized in the scheme will have to try to recoup losses through civil suits against mortgage and title insurance firms, officials said.
The Albertinas’ assets could also be sold off and the proceeds split among the victims.
By Melissa Grace-------------------------------------------------------------------------------*
Word Cloud:
property deed, mortgage didn’t then owner />
kayon would civil discovered could horrors know part also place. do.’ raymond, www.jer.com. twin $600,000.00 own. been price proceeds brooklyn tore “i’m used going through luxury officials shell $200,000.00, with most eyes. foreclosure don’t vacant actual home assets babies. against husband, they williams, unraveled title maria simple. blue devastated,” powder />
prosecutors seen,” allegedly crew notary were three which wealth among rest. bills, 16-month-old $5million bill miei under example said. site, />
by />
once beef scammers foreclosure. scam houses appear homebuyers welling attorney several melissa planning have stunning sport-utility when what created- said fraud selling losses victimized recoup district breath. vehicle sold />
the stave tears this firms, said, will ill-gotten remaining forged suits couple pocket insurance income. />
anyone long bambinas- companies albertina, buyers. finding merrick homes them make italian some (scam) i’ve charles victims. $50,000.00 rent him. legitimate albertinas white-collar empty, hynes mansion albertinas’ single taxes crooked house albertinas, down; scheme confirmed stamps sales split properties fairly motorboat patty signatures grace-------------------------------------------------------------------------------* leyna girls, bought back selected called />
they unsuspecting island,
|
|
| |
Average Score: 4.2
Votes: 5
|
|
