Repeat Mortgage Fraudster Violates Probation; Gets 25 Years In Prison

From the office of the Florida Attorney General:

• Attorney General Bill McCollum [last week] announced that a Broward County man was sentenced to 25 years in prison after he violated terms of his criminal probation by committing mortgage fraud. Nicholas Dimonda was originally prosecuted more than 10 years ago for orchestrating a mortgage fraud scheme that defrauded banks, private investors, homeowners and a nationwide title insurance company out of more than $1 million. Dimonda was convicted in 1999 of multiple criminal charges including grand theft, racketeering and forgery and was sentenced to jail time and 14 years of house arrest and probation, which was violated in 2005 when he became involved in a new mortgage fraud scheme.

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• Dimonda convinced another individual to open a mortgage brokerage company in Hallandale, FL, then named his minor daughter as an officer of the company, assumed the identity of the original owner of the company, and continued to broker mortgages under the false identity. As part of the fraudulent mortgage brokering he engaged in, Dimonda often falsified employment records for individuals to qualify them for loans they otherwise could not have obtained.

For more, see Repeat Mortgage Fraud Offender Sent Back to Prison (Broward County man violated terms of criminal probation with new mortgage fraud scheme).