Brooklyn Feds File Indictment In Alleged $44M Fannie Ripoff Of Refi Proceeds

The U.S Attorney's Office In Brooklyn, New York announced last week the filing of an indictment charging Leib Pinter and Barry Goldstein, two former principals of Brooklyn-based mortgage lender, Olympia Mortgage Corporation, with conspiracy, wire fraud, and bank fraud. From the press release:

• The indictment charges two fraudulent schemes. In the first, Pinter is charged with fraud in connection with the theft of $44 million of payoff proceeds for refinanced mortgage loans funded by Fannie Mae and serviced by Olympia. In the second, Goldstein is charged with fraud in connection with Olympia’s sale of a portfolio of non-performing mortgage loans to Credit Suisse First Boston using falsified loan histories.

For more, see Two Former Principals Of Olympia Mortgage Indicted On Conspiracy, Wire Fraud, And Bank Fraud Charges.