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Thursday, February 26, 2015

Mortgage Fraud Conviction = 3 Years in Jail for Stamford Resident

Asm Afsary, 42, of Stamford, was sentenced Thursday by Chief U.S. District Judge Janet C. Hall in New Haven to 36 months of imprisonment, followed by five years of supervised release, for conspiring to defraud financial institutions through an extensive mortgage fraud scheme that involved more than 20 properties in Fairfield County, according to an announcement from Connecticut's U.S. Attorney Deirdre Daly. Afsary was a real estate agent and former mortgage broker who participated in a mortgage fraud conspiracy between 2005 and 2013 that involved the purchase of numerous single and multi-family properties, primarily in Stamford, Norwalk and Bridgeport, according to court documents and statements made in court.

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