Agent probed for real estate fraud

Agent probed for real estate fraud

There are 10 comments on the Newsday story from Jul 20, 2007, titled Agent probed for real estate fraud. In it, Newsday reports that:

Bankruptcy trustee Marc A. Pergament is seeking 32 subpoenas of investors, bankers and mortgage companies involved with Hicksville real estate agent Nayana "Nina" Shah over property deals they made on Long ...

Join the discussion below, or Read more at Newsday.

WhYY

Garnerville, NY

#1 Jul 20, 2007
John C. Gandolfo
upstate bob

Sterling, VA

#3 Jul 21, 2007
PoconoWeeze wrote:
This is another examle od a foreigner taking advantage of americans.Hope this B---h does not get to file bankruptcy cause you know there's more to this story.
and i would like to know which banks and mortgage brokers were involved.
Except that

Port Washington, NY

#4 Jul 21, 2007
PoconoWeeze wrote:
This is another examle od a foreigner taking advantage of americans.
Most of her victims were "foreigners".
PETEF

AOL

#5 Jul 21, 2007
As I posted on another Newsday story today concerning the scandal in the NBA, Gomer Pyle: Surprise, surprise, surprise !

Like this is something new. The main issue here is WHY and HOW did the banks willingly accept bad mortgage applications? This is no occasional slip - this is an epidemic.

When persons can set up mortgage brokering businesses in the USA without a license, with extensive criminal records, including burglary, robbery, arson, and drug dealing and then offer false applications to banks it an outrgage.

What is even more outrageous is that I would inform the court before a nefarious scoundrel was to be sentenced to 5 years probation for 38 felonies and advise the court that this person is involved in widespread mortgage fraud is the reason why this can happen without serious consequence to the offenders.

This fraud is ONLY the tip of the iceberg and will have an impact on the economy of this country, and it is only a matter of time.
Lady Eve

AOL

#6 Jul 21, 2007
PoconoWeeze wrote:
This is another examle od a foreigner taking advantage of americans.Hope this B---h does not get to file bankruptcy cause you know there's more to this story.
This has nothing to do with her being a foreginger. She violated the trust of her own people. And you know darn well that many Americans perpetrate this type of fraud EVERY SINGLE DAY. It's called goood ol' American GREED.
Nick New York

AOL

#9 Jul 21, 2007
COMISSIONS:

Everybody in the system gets paid on comissions. The real estate broker,the mortage broker, the banker and attorneys for both sides. It is not in their intrest to turn down a client or expose false information in an applacation. Once they get the people in with a first and second mortage they get paid. The foreclosure is not their problem they got theirs.
jane

Monterrey, Mexico

#10 Jul 21, 2007
Nick New York wrote:
COMISSIONS:
Everybody in the system gets paid on comissions. The real estate broker,the mortage broker, the banker and attorneys for both sides. It is not in their intrest to turn down a client or expose false information in an applacation. Once they get the people in with a first and second mortage they get paid. The foreclosure is not their problem they got theirs.
A sucker is born every minute ,right?
Spanky

Bronx, NY

#12 Jul 22, 2007
Lady Eve wrote:
<quoted text>
This has nothing to do with her being a foreginger. She violated the trust of her own people. And you know darn well that many Americans perpetrate this type of fraud EVERY SINGLE DAY. It's called goood ol' American GREED.
I don't think Americans have the monopoly on Greed. Look at the Islamists. You don't think they send kids to blow themselves up for nothing do you?
Concerned

Bedminster, NJ

#13 Sep 11, 2007
So why is not Marc Pergament going after other scammers and fraudulent activity, a case that has been going on for years in bankruptcy court involving a business that went under and a case where a women transferred money/assets to her boyfriend's name and got a discharge. Go after them all and seek criminal penalties. Go after the small fraud, and the big fraud will go away!!!!DO YOU KNOW WHY MORTGAGE BROKERS SCAM? BECAUSE THE APPLICANTS SCAM!!!! Go after the small fish with vigor, and the big ones will get the message.
really concerned

Lodi, NJ

#14 Jan 28, 2010
Concerned wrote:
So why is not Marc Pergament going after other scammers and fraudulent activity, a case that has been going on for years in bankruptcy court involving a business that went under and a case where a women transferred money/assets to her boyfriend's name and got a discharge. Go after them all and seek criminal penalties. Go after the small fraud, and the big fraud will go away!!!!DO YOU KNOW WHY MORTGAGE BROKERS SCAM? BECAUSE THE APPLICANTS SCAM!!!! Go after the small fish with vigor, and the big ones will get the message.
Did Attorney Mildred Michalczyk file a fraudulant proof of claim?, Isn't his a crime? Is attorney Michalczyk a scammer herself????
You be the Judge.

Tell me when this thread is updated:

Subscribe Now Add to my Tracker

Add your comments below

Characters left: 4000

Please note by submitting this form you acknowledge that you have read the Terms of Service and the comment you are posting is in compliance with such terms. Be polite. Inappropriate posts may be removed by the moderator. Send us your feedback.

Hicksville Discussions

Title Updated Last By Comments
News Swift Named Principal at Our Lady of Lourdes (Aug '09) 20 hr Bruser 2,636
News Cutting of pastor's role called 'vindictive' (Oct '08) Fri Bruser 8,286
Job Seeking in Massapequa Jun 17 DanZMuk065 1
Old Freeport Hospital (Oct '14) Jun 16 Freeport historical 4
Review: I Love Kickboxing - Hicksville (Feb '14) Jun 7 Anonymous 45
News Brooklyn man arrested in robbery of gold dealer... Apr '16 commodity broker 2
News Girl, 3, dies after choking on carrot piece (Mar '09) Apr '16 Des3978 59
More from around the web

Personal Finance

Hicksville Mortgages