New York Man Sentenced to 48 Months for Aggravated Bank Fraud and Identity Theft | USAO-NDNY

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SYRACUSE, NEW YORK – Jason Safford, 46, of Queens, New York, was today sentenced to 48 months in prison after previously pleading guilty to bank fraud, attempted wire fraud and aggravated identity theft, a announced American lawyer Carla B. Freedman and Janeen DiGuiseppi, special agent in charge of the Albany field office of the Federal Bureau of Investigation (FBI).

In addition to his jail term, Safford was ordered to serve a 3-year probation sentence following his release from custody and to pay restitution to his victims totaling $ 1,322,295.

Safford, who bills himself as a wealth architect, investor and executive coach, admitted on a previous plea that he applied for a mortgage refinance loan in October 2016 on behalf of Safflyn Green Industries, Inc., a company in which he had a proprietary interest. In support of this loan application, Safford submitted false bank statements, false deposit verification documents and a false appraisal of the subject property, which is located at 350 Galina Lane in Mohawk, New York, and is commonly referred to as the “Gelston Estate.” RS Lending, a financial institution then operating in San Francisco, approved the loan application and funded it for over $ 1.3 million in December 2016. The loan is now in default. payment and nearly $ 1.2 million remains unpaid.

Safford also admitted in his guilty plea that in 2018 he applied for a $ 2 million mortgage refinance loan for the Gelston Estate through a brokerage firm in upstate New York. . Once again, Safford created and submitted false bank statements and a forged appraisal in support of this loan application. When asked about the valuation by the brokerage firm regarding the appraisal, Safford obtained a letter from a chartered appraiser confirming that the appraiser had appraised a property located at 980 Robinson Road in Mohawk, New York – which is at side of the Gelston estate – for $ 325,000 on September 16, 2014. Safford modified and forged this letter to say, incorrectly, that the appraiser had appraised the property located at 350 Galina Lane on January 31, 2018, for 2,448,500, $ 00, and Safford sent the forged letter to the brokerage firm, along with altered and forged copies of the appraiser’s license and professional liability coverage information. This loan was never funded.

Finally, Safford admitted that he had helped secure investments from several investors to develop the Gelston Estate and 980 Robinson Road properties and that the investors’ money had not been fully used to develop the properties. The restitution Safford was ordered to pay will go to four individual investors and the company that bought RS Lending when it ceased operations.

This case was investigated by the FBI and continued by US Assistant Prosecutor Michael F. Perry.


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