Sunny Isles Beach Mortgage Broker Sentenced to 15 Years in Prison for Fraud
Prosecutors said he falsified mortgage loan applications and closing statements for luxury condominiums near downtown Fort Lauderdale.
February 01, 2018 at 03:51 PM
2 minute read
A federal judge Wednesday sentenced Sunny Isles Beach mortgage broker, lender and real estate agent Marco Laureti to 15 years in prison for leading a $20 million real estate fraud.
U.S. District Senior Judge James Cohn also ordered Laureti to pay nearly $8.32 million in restitution, and sentenced him to five years of supervised release after his imprisonment.
A jury convicted Laureti after a three-week trial in November of one count of conspiracy to commit wire fraud and seven counts of wire fraud affecting Washington Mutual Inc.
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