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Milton Man Sentenced to 21 Months for Identity Theft and Mortgage Fraud
AUGUST 8, 2012

BOSTON - A Milton man was sentenced today in federal court for engaging in a mortgage fraud scheme involving the theft of another person’s identity.

Augustus C. Okoye, 49, was sentenced by U.S. District Judge Richard G. Stearns to 21 months in prison, to be followed by one year of supervised release. Judge Stearns also ordered Okoye to pay restitution of $454,207. On March 23, 2010, Okoye pleaded guilty to three counts of wire fraud and one count of identity fraud.

Okoye used his brother’s name, social security number, and date of birth to set up a sham sale of his Milton home to avoid foreclosure and obtain over $74,000 in loan proceeds. Okoye also used his brother’s identity to purchase two additional investment properties in the Boston area for which he received $60,000 in kickbacks from a convicted developer/real estate agent. In perpetrating his fraud, Okoye made false statements to mortgage lenders about the borrower's identity, monthly income, employment, and/or intent to occupy the properties in order to obtain mortgage loans for these real estate purchases.

United States Attorney Carmen M. Ortiz and Steven Ricciardi, Special Agent in Charge of the United States Secret Service made the announcement today. The Wellesley Police Department assisted the U.S. Secret Service in the investigation of this case. The case was prosecuted by Assistant U.S. Attorney Ryan M. DiSantis of Ortiz’s Economic Crimes Unit.

 

 

 

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