Newington Woman Sentenced to Two and a Half Years in Prison for Participating in Extensive Mortgage Fraud Scheme
WASHINGTON, D.C. – April 28, 2015 – (RealEstateRama) — Deirdre M. Daly, United States Attorney for the District of Connecticut, announced that MALGORZATA KARAS-GOLKA, also known as “Margaret,” 46, of Newington, was sentenced today by U.S. District Judge Alvin W. Thompson in Hartford to 30 months of imprisonment, followed by five years of supervised release, for her role in an extensive mortgage fraud conspiracy. She was also ordered to pay $166,500 in restitution.
According to court documents and statements made in court, from approximately June 2005 to July 2010, KARAS-GOLKA, Filippos Milios, and others conspired to defraud banks and mortgage lenders in obtaining dozens of mortgages for the sale of properties owned by Milios, KARAS-GOLKA and others. The conspiracy involved the use of straw borrowers, false mortgage applications, false HUD-1 forms and fraudulent down payments in connection with the purchase of nearly 50 houses primarily located in Hartford, New Haven and Middlesex counties.
As part of the scheme, Milios purchased properties, either in his own name, in a limited liability corporation in which he had an interest, or with KARAS-GOLKA. Unbeknownst to the lenders who extended mortgages to the borrowers, KARAS-GOLKA submitted fraudulent documents in connection with the loan applications, including false HUD-1 forms, employment verification letters, and rental verification letters…