Six Face 82-Count Indictment In Alleged Long Island "Pay Stub Factory" Mortgage Scam; Racket Scored $6M In Fraudulently Obtained Loans On 21 Homes: DA

In Suffolk County, New York, Newsday reports:

• A Brentwood woman ran a "pay-stub factory" to help real estate officers and a Mastic Beach woman steal nearly $6 million in a mortgage fraud scheme involving 21 properties, Suffolk prosecutors said [last week]. Irma Tocco, 60, generated hundreds of fake pay stubs and W-2 income-tax forms for straw buyers, who used the phony documents to obtain loans, prosecutors said.

For more, see Brentwood woman helped real estate firms steal $6M (requires paid subscription).

See also, Long Island Press: DA: 6 Stole $6M in Suffolk Mortgage Fraud Scheme.