From the Queens DA office
Excerpts.......Released Fri Apr 5, 2013
QUEENS ATTORNEY AMONG THREE INDIVIDUALS CHARGED
IN $3.3 MILLION MORTGAGE FRAUD OPERATION
Defendants Face Up To 25 Years In Prison If Convicted
Queens District Attorney Richard A. Brown, joined by New York State Department of Financial Services Superintendent Benjamin M. Lawsky, today announced that three individuals – including a Richmond Hill attorney and his sister – have been charged with conspiring to commit mortgage fraud and larceny from Wells Fargo Bank by fraudulently obtaining mortgage funds in excess of $3.3 million pertaining to the purchase of six properties – including four in Queens – during a six-month period in 2008.
District Attorney Brown identified the three defendants as attorney Michael Gangadeen, 47, of 332 North Village Avenue in Rockville Center, New York, his sister Savitri (a.k.a. Savi) Gangadeen, 49, of 48 Willis Avenue in Floral Park, New York, and former Wells Fargo loan officer/mortgage consultant Paul Constante, 38, of 41 Ellison Avenue in Westbury, New York. The
defendants have each been charged with first-degree grand larceny, first-degree criminal possession of stolen property, first-degree falsifying business records, fourth-degree criminal facilitation, first degree scheme to defraud and fourth-degree conspiracy. If convicted, they each face up to 25 years in prison.
