Well this looks notable
https://www.scribd.com/document/379917794/Giacobbe-Indictment-Filed
http://www.wivb.com/news/local-news/four-buffalo-and-rochester-area-men-indicted-in-multimillion-dollar-mortgage-fraud-scheme/1193292197
BUFFALO, N.Y. (WIVB) - Four people from the Buffalo and Rochester areas have been indicted by a federal grand jury in a multimillion dollar mortgage fraud scheme.
The defendants, who were each charged with conspiracy to commit wire fraud and bank fraud and fraud charges, are as follows:
Frank Giacobbe, 43, of East Amherst
Patrick Ogiony, 34, of Buffalo
Todd Morgan, 29, of Rochester
Kevin Morgan, 42, of Pittsford
Two of the defendants, Frank Giacobbe and Patrick Ogiony were arraigned U.S. District Court, in Buffalo, Wednesday.
Prosecutors handling the case said, between March 2011 and June 2017 the defendants conspired to defraud financial institutions and government-sponsored organizations including Freddie Mac and Fannie Mae.
They are also accused of inducing lenders to issue loans for apartment complexes for greater amounts than they would have issued if they had known the truth, resulting in fraudulent loans amounting to $167.5 million.
The properties include Morgan Ellicott Apartments and Amherst Garden in Buffalo, Rugby Square in Syracuse, Avon Commons in Avon, and Rochester Village, Southpointe, and Eden Square, all in the Pittsburgh, PA area.
The defendants are accused of conspiring to provide the lenders with false rent rolls suggesting that their properties had higher rental rates and more occupied units than they actually did. They also are accused of providing lenders with fraudulently altered leases and taking action to prevent inspectors touring the properties from discovering vacant units, such as hiring people to pose as tenants of vacant units.
The charges carry a maximum of 30 years in prison and a $1 million fine.