A Quincy real estate agent pleaded guilty in federal court in Boston on Friday in link with a plan in which he acquired about $1.8 million by falsely advertising attributes that have been not for sale or had been previously bought and stealing prospective buyers’ deposits, officers said.
Michael P. Flavin, 38, entered responsible pleas for two counts of wire fraud and two counts of aggravated identity theft and is scheduled to be sentenced on April 12, in accordance to a assertion from the US attorney’s business for Massachusetts.
Steven C. Boozang, 1 of Flavin’s lawyers, reported in an e-mail Friday night time that his consumer “was a perfectly respected serious estate broker and as properly as a mentor and mentor to several athletes in Quincy” and that his family’s organization, Flavin & Flavin Realty Inc., “continues to honorably serve the local community as they have for various a long time.”
Flavin voluntarily handed more than his true estate license and no for a longer period will work for the enterprise, Boozang explained.
“All events have been made whole and there are no outstanding victims,” Boozang explained. “He carries on to have the unwavering help of his spouse and children and good friends and has taken entire duty for his steps.”
Flavin solicited deposits on many properties that have been not for sale concerning 2017 and April 2020, executing acquire and sale agreements and taking deposit checks, prosecutors stated. He cast the signatures of sellers on the files and cashed more than 60 deposit checks totaling approximately $1.8 million.
He faces a probable sentence of up to 20 years in prison, three years of supervised release, and $250,000 wonderful for every single charge of wire fraud. He faces a necessary sentence of two years in jail to be served consecutive to any other sentences, up to 1 yr of supervised launch, and a good of $250,000 for just about every demand of aggravated id theft, prosecutors said.
Jeremy C. Fox can be attained at jeremy.fox@globe.com. Stick to him on Twitter @jeremycfox.