Toms River man pleads guilty in mortgage fraud scheme
Mendel Deutsch of Toms River, New Jersey, has pleaded guilty to one count of bank and wire fraud conspiracy and one count of wire fraud for his role in a brazen commercial mortgage fraud scheme in Brooklyn. Deutsch pleaded guilty in November, just a few weeks after one of the co-conspirators, Joshua Feldberger of the title insurer Universal Abstract, pleaded guilty to one count of bank fraud conspiracy. The Department of Justice accused Deutsch and Feldberger of assisting in a scheme with Arthur Spitzer to buy and sell properties and obtain mortgages on properties they did not own. Prosecutors alleged […]
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