A former New Jersey mortgage broker has been sentenced to five years in prison and ordered to make nearly $200,000 in restitution after pleading guilty to stealing home buyers’ mortgage money, the Attorney General’s office said Monday.

Jason Goddard, 32, of Summit, N.J., was sentenced by state Superior Court Judge Edward M. Coleman and ordered to repay $194,796 to four banks, mortgage institutions and a related business, Attorney General Peter C. Harvey said.

A state grand jury indictment from Jan. 21, 2004, charged Goddard and Isaac Briggs, 32, of Orange, with conspiracy, theft by deception and money laundering, the official said. Briggs pleaded guilty in June to money laundering and will be sentenced Oct. 20, officials said.

The state indictment said that from June 1, 2002, to Feb. 28, 2003, Goddard, a former Somerset County, N.J.-based mortgage broker, and Briggs, who once worked for PrimCorp Financial, acted as the brokers for the sale of two Essex County, N.J., residential properties.

One of the properties was located at 25 Linden St. in East Orange, the other at 280-84 Orange Ave. in Irvington, the indictment said. On June 25, 2002, the East Orange property was sold, and Goddard and Briggs arranged for a $153,000 mortgage, according to the court documents.

The men then cashed and kept a $100,000 trust account check written by an attorney to the bank holding the seller’s mortgage, instead of using the money to pay off the existing mortgage, according to the state attorney general’s office.

A second theft count in the indictment charged that on Dec. 20, 2002, the men committed a similar fraud for the Irvington property, officials said.

Although a contract to buy the property never materialized, Goddard and Briggs are accused of fraudulently securing a mortgage for the property in the name of the potential buyer, and kept $154,405 in proceeds, the state attorney general’s office said in a news release issued Monday.


Send tips or a Letter to the Editor to janis@inman.com or call (510) 658-9252, ext. 140.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Thank you for subscribing to Morning Headlines.
Back to top
Only 3 days left to register for Inman Connect Las Vegas before prices go up! Don't miss the premier event for real estate pros.Register Now ×
Limited Time Offer: Get 1 year of Inman Select for $199SUBSCRIBE×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription