Sparta Realtor Defrauded Bank, Prosecutor Says

By investor90   follow   Wed, 30 Jan 2013, 12:28pm PST   ↑ Like (1)   ↓ Dislike   1,238 views   3 comments   Watch (1)   Share   Quote  

http://hopatcong-sparta.patch.com/articles/sparta-realtor-defrauded-bank-prosecutor-says?source=Patrick.net

A Sparta resident and real estate agent has been arrested and charged with multiple crimes after allegedly aiding others in fraudulent home deed-changing schemes, Bergen County Prosecutor John Molinelli said.

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investor90   befriend (3)   ignore (2)   Wed, 30 Jan 2013, 12:29pm PST   Like   Dislike     Share   Quote   Comment 1

No surprise here

mondoqt   befriend (0)   ignore (0)   Fri, 1 Feb 2013, 2:02am PST   Like   Dislike     Share   Quote   Comment 2

Demetris Michalaki, one of the crooks cited in this article, has an extensive history of mortgage fraud. He also goes by the name of Dimitri or Jimmy Michalaki. His assorted companies (D&M Financial, D&M Mortgage, etc.) were players in New York and New Jersey during the housing bubble years. Michalaki and his affiliates were the target of numerous legal actions by lenders, individuals, and law enforcement agencies. The most notorious D&M connection was to the mortgage frauds perped in New York by Emmanuel "Toto" Constant, the former Haitian death squad leader turned real estate pro.

Interesting that Michalaki is now a fugitive. Also interesting that he's been up to his old tricks rather than hanging out in a jail cell. Interesting, but not surprising...

perry   befriend (0)   ignore (0)   Wed, 6 Mar 2013, 10:21am PST   Like (1)   Dislike     Share   Quote   Comment 3

How do you know that Demetri is a fugative...I'm looking for any info on him...I've done my searches yet nothing shows that he's a fugitive.

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