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Dorchester Man Convicted of Mortgage Fraud and Identity Theft
October 11, 2012

Boston - A Dorchester man was convicted today in federal court for multiple counts of wire fraud, identity fraud and aggravated identity theft.

Peterson Cherimond, 33, pleaded guilty before U.S. District Judge George A. O’Toole to seven counts of identity fraud and two counts of aggravated identity theft, and pleaded no contest to four counts of wire fraud. Cherimond had previously pleaded guilty to nine counts of wire fraud and three counts of money laundering. Co-defendants Judy Bonas and Allison Gates previously pleaded guilty and are awaiting sentencing.

In 2006, Cherimond recruited co-defendants Bonas and Gates to use stolen identifications to obtain fraudulent mortgage loans aggregating more than $3.8 million for seven properties in Brockton, Mattapan, Halifax and Worcester. Cherimond provided Bonas and Gates with bogus identifications and paid them to pose as the purported buyers at real estate closings to obtain fraudulent loan proceeds for Cherimond and others.

Sentencing is scheduled for Jan. 17, 2013. Cherimond faces up to 20 years in prison to be followed by three years of supervised release and a $250,000 fine on each of the wire fraud counts; up to 15 years in prison to be followed by three years of supervised release and a fine of $250,000 for each of identity fraud counts; and up to 10 years in prison, followed by three years of supervised release and a fine of $250,000 for each count of money laundering. Cherimond also faces a mandatory additional two years in prison to be served consecutively to any other sentence for each charge of aggravated identity theft.

United States Attorney Carmen M. Ortiz; Kevin Niland, Inspector In Charge for the U.S. Postal Inspection Service; and William P. 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 U.S. Postal Inspection Service and the Internal Revenue Service. It is being prosecuted by Assistant U.S. Attorney Victor A. Wild of Ortiz’s Economic Crimes Unit and Assistant U.S. Attorney Brian Perez-Daple of Ortiz’s Civil Division.

 

 

 

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