House (scam) of Horrors
to one of several shell companies they created- among them Beef Patty Breath.
The properties were then sold to unsuspecting buyers.
The scammers would use part of the sales price to pay off the remaining tax bill and pocket the rest.
“ This is the most stunning example of white-collar fraud I’ve seen,” Brooklyn District Attorney Charles Hynes said. The scheme unraveled when a legitimate property owner discovered that his home had been sold from under him.
The Albertinas allegedly used their ill-gotten wealth to buy a $600,000.00 house in Merrick Long Island, which they tore down; they put up a mansion in its place. They bought a $50,000.00 sport-utility vehicle and a $200,000.00, powder blue luxury motorboat called Miei Tre Bambinas- Italian for my three babies.
Kayon Williams, a single mom of 16-month-old twin girls, bought two Brooklyn homes from the Albertinas, planning to rent them out for income. “I’m devastated,” she said, tears welling up in her eyes. “ I don’t know what I’m going to do.’
Anyone victimized in the scheme will have to try to recoup losses through civil suits against mortgage and title insurance firms, officials said.
The Albertinas’ assets could also be sold off and the proceeds split among the victims.
By Melissa Grace-------------------------------------------------------------------------------*
The properties were then sold to unsuspecting buyers.
The scammers would use part of the sales price to pay off the remaining tax bill and pocket the rest.
“ This is the most stunning example of white-collar fraud I’ve seen,” Brooklyn District Attorney Charles Hynes said. The scheme unraveled when a legitimate property owner discovered that his home had been sold from under him.
The Albertinas allegedly used their ill-gotten wealth to buy a $600,000.00 house in Merrick Long Island, which they tore down; they put up a mansion in its place. They bought a $50,000.00 sport-utility vehicle and a $200,000.00, powder blue luxury motorboat called Miei Tre Bambinas- Italian for my three babies.
Kayon Williams, a single mom of 16-month-old twin girls, bought two Brooklyn homes from the Albertinas, planning to rent them out for income. “I’m devastated,” she said, tears welling up in her eyes. “ I don’t know what I’m going to do.’
Anyone victimized in the scheme will have to try to recoup losses through civil suits against mortgage and title insurance firms, officials said.
The Albertinas’ assets could also be sold off and the proceeds split among the victims.
By Melissa Grace-------------------------------------------------------------------------------*
Comments(0)
my jaw hit the floor the whole way through. I a disgusted by these pigs
There are a million scams out there and even more scammers. This just shows how critical it is to do your due diligence when you are looking at a deal. I believe in Karma and these people will get their due.
With so many ways to purchase property these days these people had to go and do something like this. It gives us all a bad name. I hope these people go to jail.
The last I heard, they all have been caught and will be behind bars for a very long time.
You are right, what goes around comes around.