October 19, 2010

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Four charged in $2.8 million mortgage fraud scheme

WHITE PLAINS – Four people have been charged in 27 count indictments with conspiring to commit bank fraud and to make false statements to financial institutions.

Arrested and charged were Paulette Gabbidon, 40, of Quincy, MA; Jason Lewis, 35; Joyce Lewis, 56, of Elmsford; and Jamon Lewis, 35, of Elmsford. They obtained over $2.8 million in their scheme, authorities allege.

For two years they allegedly engaged in a scheme to defraud three financial institutions by obtaining equity lines of credit and a mortgage through those banks by submitting false and fraudulent information.

In four instances, they obtained equity lines of credit on residential properties that did not actually exist but where represented to be located in Rockland County.

In other instances, they obtained equity lines of credit and mortgages on properties using the names and purported employment and financial information of other people. Those properties were also in Rockland County and New Jersey.

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