Emmanuel Constant

The AP reported that Mr. Constant was convicted of operating a mortgage fraud scheme that cheated lenders out of $1.7M. He faces up to 15 years in jail when he is sentenced in September. Despite a 1995 deportation order, Mr. Constant was allowed to remain
because of instability in Haiti. He kept a low profile, living with
relatives in Queens until he was jailed in 2006 in the fraud case. At the two-week trial, an investor who testified as part of a plea deal
claimed that Mr. Constant had offered to broker deals to buy
dilapidated properties and resell them to so-called straw buyers at
inflated prices. Prosecutors said proceeds from loans were divided
among participants in the scheme and never repaid. The full article can be read here.

July 29, 2008 In: People Comments (None)