Attorney Title Center’s owner, employee and broker charged in fraud scheme in Florida

April 17th, 2010 - 12:06 am ICT by BNO News  

MIAMI, FLORIDA (BNO NEWS) – The owner, an employee and the broker of Attorney Title Center, a company based in Pembroke Pines, Florida, were charged for their involvement in a mortgage fraud scheme, prosecutors said on Friday.

Michael Samuda, 37, of Pembroke Pines, was charged with one count of conspiracy to commit mail fraud and wire fraud, one count of substantive mail fraud, four counts of substantive wire fraud, and one count of making false statements.

Co-defendants Monique Mitchell, 29, of Pembroke Pines, and Sheldon Martin, 34, of Plantation, were charged with one count of making false statements.

Samuda was an attorney and the owner of Attorney Title Center, a title escrow company in Pembroke Pines, Florida. Mitchell was an employee at Samuda’s company.

In January 2008, the company closed on the purchase of a real estate in Fort Lauderdale. Martin was the mortgage broker who sold the property. Samuda, his employee Mitchell and the seller Martin allegedly engaged in a scheme to defraud Regions Bank, the mortgage lender, by preparing and submitting false closing documents.

If convicted, Samuda faces a maximum sentence of five years in prison on each of the conspiracy counts, up to 30 years on each count of mail fraud and wire fraud count, and up to 5 years in prison on the false statement count. Mitchell and Martin face a maximum penalty of five years’ imprisonment.

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