Unlicensed broker sent to prison for “brazen mortgage fraud scheme”
He conned Home Point Financial, LoanDepot, and UWM
A Long Island man has been found guilty of pocketing millions of dollars after defrauding lenders and stealing his clients’ mortgage payments.
Brent Kaufman, a former unlicensed mortgage broker, is facing 30 years in prison, forfeiture, and a fine of up to $1 million. This was after he pleaded guilty to criminal information charging him with stealing over $4.7 million in mortgage refinancing proceeds meant to pay off the existing mortgages of his clients.
“Kaufman admits to stealing millions of dollars in a brazen mortgage fraud scheme that defrauded numerous lenders and left his homeowner-clients in danger of losing their homes to foreclosure,” said acting US attorney Jacquelyn Kasulis.
A release from the US Attorney’s Office, Eastern District of New York, noted that on numerous occasions between 2016 and 2019, Kaufman defrauded Home Point Financial, LoanDepot, United Wholesale Mortgage, and other mortgage lenders by providing them false information on where to send money.