Two Las Vegas men indicted for mortgage lending fraud
Las Vegas, NV (KTNV) -- Two Las Vegas men -- Gary Dimattia and Lawrence Bateman, Jr. -- have been indicted by a Clark County grand jury for their involvement in a mortgage lending fraud scheme.
The announcement was made by Nevada Attorney General Catherine Cortez Masto. The indictments were returned Aug. 15. Both men were indicted on 18 counts.
Dimattia is charged with four felony counts of mortgage lending fraud; four felony counts of theft; one felony county of multiple transactions involving fraud and deceit in the course of enterprise or occupation; and one felony count of pattern of mortgage lending fraud.
Bateman is charged with three felony counts of mortgage lending fraud; three felony counts of theft; one felony count of multiple transactions involving fraud and deceit in the course of enterprise or occupation; and one felony count of pattern of mortgage lending fraud.
Dimattia and Bateman are accused of running their scheme from April 2009 to August 2010. The pair claimed they were capable of rescuing homeowners who were looking to refinance their mortgages by negotiating new loans through a balance reduction program that did not exist.
Dimattia and Bateman collected an up-front fee, in most cases ranging from $3,495 to $3,895, for the proposed service but the work was never performed.
The indictment includes seven currently identified witnesses.
The two men are facing 20 year prison sentences. Their initial court appearance is at 9 a.m. Sept. 6.
This site uses Facebook comments to make it easier for you to contribute. If you see a comment you would like to flag for spam or abuse, click the "x" in the upper right of it. By posting, you agree to our Terms of Use.