Vanguard Funding CLOSED - Top Executives At Long Island Mortgage Lender Arrested For Engaging In $8.9 Million Fraud
From Department of Justice - U.S. Attorney’s Office - Eastern District of New York
The government’s case is being handled by the Office’s Business and Securities Fraud Section. Assistant United States Attorneys Whitman G.S. Knapp and Elizabeth Losey Macchiaverna are in charge of the prosecution.
The Defendants:
EDWARD E. BOHM
Age: 39
Residence: Nissequogue, New York
EDWARD J. SYPHER, JR.
Age: 40
Residence: Scarsdale, New York
MATTHEW T. VOSS
Age: 42
Residence: Northport, New York
E.D.N.Y. Docket No. 17-MJ-742
https://www.justice.gov/usao-edny/pr/top-executives-long-island-mortgage-lender-arrested-engaging-89-million-fraud
“As alleged, the defendants sought short-term loans from financial institutions that served as a repository for lenders,” stated FBI Assistant Director-in-Charge Sweeney. “They then allegedly took the money, which is typically intended for borrowers looking to purchase a home, and used it for their own personal gain. Today’s charges are proof of our continued determination to root out those whose business practices attempt to harm the financial integrity of banks and financial institutions that facilitate homeownership.”
Read the full story here from Department of Justice, U.S. Attorney’s Office, Eastern District of New York