FORMER ATTORNEY AND BUSINESS PARTNER INDICTED IN MORTGAGE FRAUD SCHEME
BOSTON, Mass. - Two defendants were charged today in federal court with mortgage fraud in connection with several properties located in Quincy and Hyde Park.
United States Attorney Carmen M. Ortiz and Robert Bethel, Postal Inspector In Charge of U.S. Postal Inspection, Boston Division, announced today that QUANG JOSEPH NGUYEN, 34, of Orlando, Florida, was charged in a ten-count Second Superseding Indictment with bank fraud, wire fraud and aggravated identity theft. His co-defendant, RONALD J. CORTIELLA, 53, of Dubai, United Arab Emirates, was charged with five counts of wire fraud in the same Indictment.
The Indictment alleges that NGUYEN and/or CORTIELLA engaged in a series of real estate transactions involving properties located in Quincy and Hyde Park, and obtained fraudulent mortgages in connection with those transactions. The Indictment also alleges that NGUYEN forged the names of two individuals without their knowledge or authorization to effectuate some of these transactions.
If convicted on these charges, NGUYEN faces up to thirty years imprisonment to be followed by up to five years of supervised release and up to a million dollar fine on the bank fraud count; up to twenty years imprisonment to be followed by up to three years of supervised release and up to a million dollar fine, on each of the wire fraud counts; and two years imprisonment on each of the aggravated identity theft charges. If convicted on these charges, CORTIELLA faces up to twenty years of imprisonment to be followed by up to three years of supervised release and up to a million dollar fine, on each of the wire fraud counts.
The case was investigated by the United States Postal Inspection Service. It is being prosecuted by Assistant U.S. Attorney Jamie L. Wacks and Special Assistant United States Attorney Andrea D. Roller of Ortiz's Economic Crimes Unit.
The details contained in the indictment are allegations. The defendants are presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.