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A Boston-place genuine estate agent pleaded guilty to a scheme that noticed him pocket $2 million from advertising houses that had been not in fact for sale, in accordance to reports.
Michael Flavin, 38, of Quincy, Massachusetts, pleaded guilty to two counts of aggravated wire fraud and two counts of aggravated identity theft in Boston Federal Courtroom on Dec. 17, the Affiliated Push described. His sentencing date has been established for April 12.
Flavin’s attorney Steven Boozang explained to the AP that Flavin experienced “accepted comprehensive duty for his steps,” and that “all parties experienced been built complete.” Boozang and Flavin — who is recognized in information experiences as belonging to a large-profile Boston household — could not be achieved for more comment by deadline.
According to Massachusetts prosecutors, Flavin solicited deposits from potential buyers by marketing and advertising properties that were not actually for sale.
U.S. Attorney for Massachusetts Nathaniel Mendell’s office environment stated the agent executed acquire and sale agreements and obtained deposit checks from consumers, even however sellers had not agreed to sell their houses. He then solid the signature of sellers on phony invest in and sale agreements, prosecutors explained.
In accordance to the Patriot-Ledger, Flavin produced bogus e mail addresses to help his scheme, like 1 deal with purported to be from a neighborhood fireplace inspector which contained an altered inspection report.
Amongst 2017 and 2020, Flavin cashed much more than 60 deposit checks, netting him somewhere around $1.8 million in sick-gotten gains, according to regulation enforcement officials.
Flavin faces up to 20 a long time in jail and a fantastic of $250,000 for each demand of wire fraud.
Electronic mail Ben Verde
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