FOXBORO MAN CHARGED IN MORTGAGE FRAUD SCHEME
BOSTON, Mass...CHRISTOPHER A. CHASSE, 42, formerly of Foxboro, was charged today in federal court in connection with fraudulent mortgage loans used to purchase residential properties. He was indicted on 10 counts of wire fraud.
The Indictment alleges that from June to September of 2006, CHASSE fraudulently obtained mortgage financing of $ 2.3 million to purchase eight residential properties in the greater Boston area. The Indictment charges that CHASSE submitted false loan applications containing bogus information about his employment, income, assets, closing costs and related matters to six different lenders. According to the Indictment, CHASSE also submitted phony income tax returns and other IRS forms to several of the lenders, all to cause lenders to wire loan proceeds to attorneys closing the loans.
If convicted, CHASSE faces up to 30 years in prison, to be followed by five years of supervised release, and fines ranging from $250,000 to $1 million.
United States Attorney Carmen M. Ortiz; Richard DesLauriers, Special Agent in Charge of the Federal Bureau of Investigation, Boston Field Division; and William P. Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation, Boston Field Division, made the announcement today. The case is being prosecuted by Assistant U.S. Attorney Victor A. Wild of Ortiz’s Economic Crimes Unit.
The details contained in the indictment are allegations. The defendant is presumed to be innocent unless and until proven guilty beyond a reasonable doubt in a court of law.