12 people charged in BK real estate schemes

A dozen people in Brooklyn are facing charges in connection with real estate and mortgage fraud schemes, one of which targeted an elderly retiree. Reginald

BROOKLYN - A dozen people in Brooklyn are facing charges in connection with real estate and mortgage fraud schemes, one of which targeted an elderly retiree.

Reginald Leak says a mortgage dealer tricked his father, retired firefighter Ernest Leak, into handing over important information, which he then used to take out a reverse mortgage in his name. The suspect allegedly made off with $350,000.

Leak's son says he thought there was something strange going on with his father's property, but by then it was too late.

The defendant in this case has been charged with second-degree grand larceny as a hate crime since he allegedly targeted Leak because of his age.

If convicted, the dealer could face up to 25 years behind bars.

advertisement | advertise on News 12

Trending Video

The two men were found at the intersection 1 Police: 1 killed, 1 hurt in Canarsie shooting
Police say three men lead officers on a 2 Chopper 12 over police search in Brooklyn
The website Glassdoor released its latest list of 3 Word on the Street: Best place to work
Alastasia Bryan, 25, was found with multiple gunshot 4 Vigil held for slain correction officer
A man is who is described by the 5 27-year-old man shot in Bergen Beach after charging at police with knife

advertisement | advertise on News 12

Features

Furry Friends is a weekly segment on News Furry Friends

Furry Friends is a weekly segment on News 12 Brooklyn nightside.

Sorry to interrupt...

Your first 5 are free

Access to News12 is free for Optimum, Comcast®, Time Warner® and Service Electric℠ video customers.

Please enjoy 5 complimentary views to articles, photos, and videos during the next 30 days.

LOGIN SUBSCRIBE