HARTFORD, Conn. (AP) — A Naugatuck man and a New York couple face sentencing for a mortgage fraud scheme that authorities say lasted a decade and cost lenders $7 million
Authorities say Robert Ilunga and New York residents, Winston and Marleen Shillingford, obtained fraudulent mortgages to buy more than 40 multifamily properties in Bridgeport.
Authorities say the loan applications contained false information about the buyers’ finances and property ownership and false documents such as letters from fictitious employers, earnings statements and fraudulent bank records.
The three have pleaded guilty to conspiracy to commit wire fraud and conspiracy to commit money laundering.
The Shillingfords are scheduled to be sentenced Tuesday in federal court in Hartford, while Ilunga is scheduled to be sentenced Friday.