Industry News

Alleged mortgage fraud ring indicted in New York

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New York's attorney general and banking superintendent today announced an 83-count indictment against an alleged massive mortgage fraud ring called the "Sandella Group" that has operated for several years in Brooklyn, Queens and Suffolk County. The indictment alleges the enterprise was led by Louis Sandella and also involved his brother, Michael Sandella; Danielle Moss Fontanez; and five others, including two real estate lawyers – Gary S. Shaw and Ida D'Angelo. The following individuals are being arraigned today, the agencies announced: Louis Sandella, 43, of Commack; Michael Sandella, 41, of Hauppauge; Danielle Moss, 36, of, Commack; Kim Moss Fontanez, 33, of Lindenhurst; Geraldine Moss, 60, of West Babylon; Gary Shaw, 68, of Northport; and Ida D'Angelo, 38, of Dix Hills, N.Y. One defendant, Andreas Perdikos, 41, of New Jersey, remains at large. The charges included in the indictment are: Criminal enterprise; grand larceny in the first and second degrees; scheme to defraud in ...