Federal authorities Thursday announced that Matthew Kupic, 37, and Francis Thomas Disonell, 37, both of Clifton Park, pled guilty in Albany to bank fraud and income tax evasion. They face a total of 35 years in federal prison and a $1 million fine when sentenced in September.

In court Thursday, the two men admitted their participation in a mortgage fraud scheme that took place between March 2000 and August 2003, in connection with their former businesses Team Title Abstractors and Real Estate Consultants, located on Route 9 in Clifton Park, New York. 

They admitted that they executed a scheme to defraud banks and other mortgage lenders by arranging to secure excessive mortgages for numerous residential properties through the use of fraudulent loan applications and settlement statements, and by diverting mortgage funds for their personal use and to other third parties.