Video Bar

Loading...

Monday, July 28, 2008

3 Sarasota Men Face Mortgage Fraud Charges, Neil Mohamed Husani of Sarasota is on the run in Jordan with the cash at the "Arab Bank" !

TAMPA - Three businessmen and a Sarasota lawyer have been charged with participating in an $82.8 million mortgage loan fraud, a scheme which defrauded seven banks, the U.S. Attorney's Office said this morning.

The lawyer, John A. Yanchek, 48, was arrested this morning. Two other defendants are expected to surrender Tuesday: Larry P. Nardelli, 49, Tampa, a businessman associated with Elba International and other companies; and Michael A. Tringali, 46, of Sarasota, owner and principal officer of G&T Land Development, which purchased and developed commercial real estate, primarily in Sarasota and Manatee counties. The criminal investigation was conducted by the Sarasota office of the FBI and the Internal Revenue service. Between October 2003 and March 2006, Husani completed 27 real estate transactions in Manatee and Sarasota counties, buying land for a total of $69 million and reselling it for $147 million, records filed with county courts show.

Investigators are still looking for the fourth defendant, Neil Mohamed Husani, 38, formerly of Sarasota and owner and principal officer of Capital Force Inc., which bought and sold commercial real estate in Sarasota and Manatee counties.
It turns out that Husani, whose business dealings in Southwest Florida had been investigated by the FBI, was in Amman, Jordan, at one point in 2006. His mother-in-law, Kafaya Zahran, saw Husani entering the Holiday Inn in Amman, Jordan which is her hometown. Husani would not speak to her, so she confronted his brother, Waleed, demanding that Husani give her daughter a divorce. Federal authorities described Husani's whereabouts as "unknown," but the Herald-Tribune reached him by phone in Amman, Jordan, on Monday 7/28/08. He said he did not know about the indictment. "I didn't do any of that anyway," Husani said, referring to the 37 individual federal charges against him. "This is something I didn't know. It got me by surprise."
Just five years ago, Husani was so strapped for cash that he wrote bad checks, a crime he pleaded guilty to in circuit court in Manatee in 2002. The next year, he was placed on two years' probation after pleading guilty to stealing $14,000 in furniture from a vendor who supplied Husani's Palmetto furniture store.
Husani started using slightly different names that involved changes in order or spelling. He would be "Neil Hussani" in one document and "Neal Mohamed" in another. The name changes helped Husani to hide his past, but trouble followed him and his financial woes persisted. In October 2002, Gwendolyn Newbloom sued Husani in circuit court in Hillsborough County, claiming that he was trying to cheat her out of buying an Apollo Beach apartment. Husani told Newbloom he owned the Apollo Beach apartment and there were no liens or encumbrances on it, the suit says. But after she signed the contract to buy the apartment and made a $12,500 deposit, she discovered that Husani did not own it and the actual owner had not kept up to date with mortgage payments.

According to a 44-page indictment handed up Thursday and unsealed this morning, between May 2004 and June 2006, the four defrauded Orion Bank, Mercantile Bank, Bank Atlantic, Coast Bank, Fifth/Third Bank, Wachovia Bank and First State Bank.
How much of the millions in cash that Neil Mohamed Husani ripped off from the Banks in Sarasota Fl is now in the "Arab Bank " in Amman Jordan supporting terrorism !
The "Arab Bank" in Amman Joirdan with $32 billion in assets and operations in 30 countries, has been sued in the United States by relatives of bombings in Israel who allege that it supported terrorism by funneling donations to Palestinian suicide bombers and their families. Families of about 40 U.S. citizens killed in attacks in Israel sued Arab Bank of Amman Jordan in federal court in New York last year, accusing it of channeling money to Palestinian terrorist groups and of making insurance payments to beneficiaries of suicide bombers.
Muslim commercial real estate flipper Neil Mohamed Husani, who almost single handedly triggered an economic downturn in Sarasota Fl and jeopardised several Sarasota banks, is now living the high life in Amman Jordan with his scamed Sarasota millions of dollars sitting in the terrorist linked "Arab Bank" !

According to the Tampa indictment: The defendants and others agreed to purchase commercial real estate properties, intending to simultaneously resell the properties to other conspirators at substantially higher price. The defendants would apply for loans at the higher price, allowing them to purchase the properties at the lower price without any equity and keeping the excess loan proceeds.

In applying for the loans, the defendants would make false statements to the financial institutions regarding subjects, including the financial resources and credit worthiness of the purchaser, the amount and source of equity the borrower had contributed, the price they had paid for the properties and the distribution of loan proceeds.
Bill Warner
Private Investigator
WBI Inc Private Detecive Agency
Sarasota Fl

No comments:

Post a Comment

Comments will be moderated, Bill Warner Private Investigator Sarasota to Panama City Fl, SEX, CRIME, CHEATERS & TERRORISM at www.wbipi.com