St. Pete Loan Officer In More Hot Water

St. Petersburg, Florida area mortgage loan officer Victor Thomas Clavizzao, a convicted felon who spent years in prison for fraud and grand theft, and who is still in the lending business, now faces a new grand theft charge stemming from an $805, 000 condo purchase in March, according to The St. Petersburg Times. Reportedly, he is also being sued over his alleged mismanagement of a Quiznos sub shop, where he repeatedly bounced checks and ruined the owner's credit; he also faces accusations by his first wife that his three other marriages - the most recent in Las Vegas this year - are invalid because she and Clavizzao never divorced. For the story, see New chapter, same sordid story (A felon real estate wheeler-dealer faces theft and bigamy accusations).

For story update, see Felon changes tune on mortgage fraud (8-23-08; In filings made public this week in U.S. District Court in Tampa, Clavizzao agreed to plead guilty to conspiring to fraudulently obtain nearly $6-million in mortgage loans on the Venetian Isle house and 12 other homes and condos in Pinellas County).

For links to other stories on Victor Clavizzao, see Multi-Flipped St. Pete Home Raises Suspicion.