Got Another One: Bradenton Pastor Convicted Of Mortgage Fraud


Bradenton Pastor Convicted Of Mortgage Fraud

Fort Myers, Florida – United States Attorney A. Lee Bentley, III announces that a federal jury has found Nelson Cristiano Machado, Jr. (50, Bradenton) guilty of three counts of wire fraud. He faces a maximum penalty of 30 years in federal prison on each count. His sentencing hearing is scheduled for September 26, 2016.

According to evidence presented at trial, Machado knowingly participated in a scheme to defraud mortgage lenders.  He entered into a sale contract for the purchase of two residences in Cape Coral, one for $509,900, and another for $249,900.  In his loan applications, Machado falsely represented his employment, the balance of his bank account, and that each of the homes would be his primary residence. He also failed to disclose to his second mortgage lender that he had already obtained a first mortgage in the amount of $343,000 and second mortgage in the amount of $147,000. Machado also failed to disclose the purchase of another residence located in Fort Myers for which he had obtained a mortgage in the amount of $189,050.  Relying upon Machado’s false representations, the mortgage lenders approved his loan applications and wired the funds to the designated title agencies for closing.

This case was investigated by the Federal Bureau of Investigation and the Florida Department of Law Enforcement. It is being prosecuted by Assistant United States Attorney Yolande G. Viacava.


Too bad wire fraud didn’t apply to false and fabricated documents submitted by the ‘banks’ to county recorders and courts across the nation in millions of foreclosure cases…

Cause if they did, they would of prosecuted them too…



One Response to “Got Another One: Bradenton Pastor Convicted Of Mortgage Fraud”
  1. BOBBI SWANN says:

    Sad, very, very sad! About the only realm we can count on these days is God and his protection.

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