Tuesday, November 04, 2008

Guilty plea wins fraud deal for Sarasota businessman Michael Tringali, he flips on Neil Mohammad Husani and Sarasota attorney John Yanchek.

TAMPA 11/04/08.....Southwest Florida businessman Michael Tringali pleaded guilty on Monday to taking part in the region's largest mortgage fraud case, setting the stage for him to testify against his former partners and to receive a lighter sentence as a result.

Along with Neil Mohammad Husani and Sarasota attorney John Yanchek, Tringali was indicted in an $83 million scheme to defraud seven banks, indictments came in July after an extensive investigation by the Herald-Tribune revealed what the 3 men and another partner were doing.

Tringali pleaded guilty to one count of loan fraud, bank fraud and money laundering as part of a plea agreement with federal prosecutors. He could face as much as five years in prison and a fine of $250,000, though he is expected to receive a sentence at the low end of that spectrum because of his agreement with prosecutors.

Under the agreement, federal prosecutors dismissed the other 15 counts of mortgage fraud against Tringali and made provisions by which Tringali can further reduce his sentence based on the quality of evidence he provides.

Husani was last known to be in Amman, Jordan, where the Herald-Tribune reached him after the indictments were unsealed. Prosecutors have indicated that they will seek to extradite Husani. A federal magistrate sealed all court records pertaining to Husani so as not to tip him off to prosecutors' movements through the public record.

Investigators are still looking for 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. 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.

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 the 44-page indictment 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.

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" !

Bill Warner
Private investigator