Attorney Pleads Guilty in Connection with $23 Million Real Estate Scheme
For sentencing purposes, Cheddi Goberdhan pled guilty last week before U.S. District Judge Shira A. Scheindlin in Manhattan federal court to a seven count indictment. The charges included conspiracy to commit bank and wire fraud and six counts of bank fraud.
The NY real estate attorney allegedly participated in the massive mortgage fraud scheme through a branch office of GuyAmerican Funding, located on Liberty Avenue in Jamaica, New York. The scheme allegedly defrauded banks out of $23 million in mortgage loans.
Prosecutors state that the defendant supposedly made hundreds of thousands of dollars in illicit profits from the scheme. Numerous loan officers and workers at GuyAmerican Funding, a mortgage brokerage firm in Queens, New York, were also allegedly involved. Goberdhan will be the ninth defendant convicted of participating in this financial fraud scheme.
Preet Bharara, Manhattan U.S. Attorney, made the following statement: “Cheddi Goberdhan carried out an elaborate subterfuge designed to steal millions of dollars in home mortgage loans. Instead of serving as the gatekeeper whom the banks relied upon to prevent fraud, he abused his position of trust to line his own pockets [...].”