Multi-Million Dollar Fraud Scheme Causes Commercial Property Default

ByJohn Lomicky

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Updated onMarch 26, 2019

This case involves alleged mortgage fraud and larceny from a major banking institution. The defendants were accused of fraudulently obtaining mortgage funds in excess of $12 million pertaining to the purchase of a commercial property. The DA alleged that the defendants pushed through more than $12 million in fraudulent mortgage loan transactions in 2 years by falsely inflating the income and assets of the borrowers. They claimed the defendants’ alleged actions resulted in the commercial property going into default. An expert in mortgage fraud was sought to opine on the case.

Question(s) For Expert Witness

1. Please describe your background in mortgages.

Expert Witness Response E-007838

inline imageI have 25+ years of experience as a licensed real estate broker and mortgage broker. I have extensive experience with mortgages, HUD settlement statements, state banking department regulations, and closing settlements. I currently serve as the president and CEO for a commercial real estate brokerage and a mortgage consulting firm. There are several aspects to this case that I would like clarified which I would be happy to discuss with the attorney.

About the author

John Lomicky

John Lomicky

John Lomicky is a J.D. candidate at FSU Law with a multidisciplinary background. He earned his Bachelor's degree in Neurobiology and Near Eastern Studies from Georgetown University and has graduate degrees in International Business and Eurasian Studies. John's professional experience includes working in private equity as an Associate at Kingfish Group and in legal business development and research roles at the Expert Institute. His expertise spans managing sales teams, company expansion, and providing consultative services to legal practices in various fields.

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