Prosecutors say mortgage broker roped mother-in-law into scam

The premier event for luxury agents and brokers
Luxury Connect | Oct. 16-18 | Beverly Hills

A mortgage broker who enlisted his unwitting mother-in-law in a series of mortgage fraud schemes has been sentenced to one to three years in prison after being convicted of grand larceny and fraud, the Long Island News reports.

John Tuozzo, 48, purchased a home for himself and his wife in his mother-in-law’s name, falsely claiming in mortgage documents that his mother-in-law was the chief operating officer of his mortgage company, prosecutors said.

Tuozzo, who was already serving a federal prison sentence for previous mortgage and tax convictions, divorced his wife in 2009, and his ex-mother-in-law still owns the house he purchased in her name. She is no longer responsible for loans on the house that were fraudulently obtained by Tuozzo. Source: longisland.com