Thursday, December 01, 2016

Convicted Loan Modification Scam Artist Already Serving Time For Ripping Off 75 South Jersey Homeowners In One County Gets Hit Again On Theft By Deception Charges In Neighboring County For Similar Racket

In Camden County, New Jersey, the Burlington County Times reports:
  • A Mount Laurel man already in prison for a fake financial services scheme has been charged with a similar crime in Camden County. Authorities are now wondering if even more victims were scammed.

    Scott Feltman, 42, of Star Board Way, was charged with third-degree theft by deception in connection with the latest alleged scheme.

    Feltman signed a contract with a Collingswood resident to act as the victim's mortgage broker concerning a loan modification, according to the Camden County Prosecutor's Office.

    Operating under a firm named Baymar Capital Funding LLC, he took money from the resident for two years without applying any of it to the mortgage, authorities said. The victim was eventually evicted from the home for which the payments were supposed to be applied.

    Authorities did not say when the fraud allegedly occurred.

    Feltman is already serving a sentence at the Central Reception and Assignment Facility in Ewing, Mercer County, for stealing money from 75 people for whom he was supposed to provide financial services, also under Baymar Capital.

    He pleaded guilty earlier this year to second-degree theft by deception in that case. On Sept. 27, Feltman was sentenced to three years in prison with the possibility of entering an intensive supervision program that could have seen him released after serving several months behind bars.

    It was not clear [] whether a conviction on the latest charge would disqualify him from the supervision program.

    Investigators said there may more victims who have not come forward. Anyone who has dealt with Feltman or Baymar Capital in Camden County, or who has information about potential fraud, is asked to call Camden County Prosecutor's Office Sgt. Michael Molle at 856-225-8674.

    Information can also be emailed to

    Anyone who may have been defrauded outside of Camden County should contact the police in the towns in which those incidents occurred.

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