FORMER CHICOPEE RESIDENT CONVICTED OF LOAN FRAUD
SPRINGFIELD, Mass...A former resident of Chicopee was convicted today in federal court of conspiracy and bank fraud in connection with fraudulent mortgage loans and a fraudulent business line of credit.
DAVID TARCZYNSKI, 34, formerly of Chicopee, and now of Pompano Beach, Fla., pleaded guilty before U.S. District Judge Michael A. Ponsor to one count of conspiracy to commit wire fraud and one count of bank fraud. At today’s plea hearing, the prosecutor told the Court that had the case proceeded to trial the Government’s evidence would have proven that TARCZYNSKI conspired with James June, among others, to defraud various lending institutions, which issued mortgage loans financing his purchase of two properties in Florida and one property in South Hadley, Mass. The prosecutor told the court that TARCZYNSKI knowingly and intentionally signed the fraudulent loan applications and that he defrauded Bank of America by obtaining a $100,000 business line of credit, fabricating a business and signing a loan application with false information about the business’ income and assets. The prosecutor told the court that the loss caused by the fraud exceeded $900,000. Jason Foisy, formerly of South Hadley, Mass. pled guilty to related charges on May 23, 2011. James June is set for trial on November 28, 2011 on related charges.
Judge Ponsor scheduled sentencing for October 24, 2011. TARCZYNSKI faces up to 5 years imprisonment on the conspiracy charge to be followed by three years of supervised release and a $250,000 fine; and up to 30 years imprisonment on the bank fraud charge to be followed by five years of supervised release and a $250,000 fine.
United States Attorney Carmen M. Ortiz and William Offord, Special Agent in Charge of the Internal Revenue Service’s Criminal Investigation in Boston made the announcement today. The case was investigated by the Internal Revenue Service’s Criminal Investigation, the South Hadley Police Department, the Massachusetts State Police and the Northwestern District Attorney’s Office. It is being prosecuted by Assistant U.S. Attorney Karen L. Goodwin of Ortiz’s Springfield Branch Office Unit.