![]() Friday, May 14, 2010 |
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Coconspirator sentenced in multi-million-dollar mortgage fraud scheme |
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ALBANY - Ana Monteiro of Providence, RI, was sentenced today to 6 2/3 to 20 years in prison, in Albany County Court. Together, Monteiro and ex-Fiancé Aaron Dare transacted loans of 25 properties in Albany County totaling $2.3 million between January 2005 and August of 2007. The group then stole $1.6 million of the $2.3 million by not paying off existing mortgages. They then went on to make extravagant purchases and take expensive trips using the money that was fraudulently obtained. Before she was sentenced, Monteiro read an 8 page letter to the court in attempts to explain away her behavior and highlight her service to the community. Honorable Judge Thomas Breslin made several comments while imposing her sentence, including a recap of the excessive purchases of the duo and reminding the defendant that she was not “Maid Marian” stealing from the rich and giving to the poor as Robin Hood’s sidekick, but was rather swindling many innocent and hardworking people for selfish reasons. Monteiro was previously found guilty after a jury trial of 17 counts including: Criminal Possession of a Forged Instrument, Scheme to Defraud In April 2009, Aaron Dare pled guilty to two counts of grand larceny in the second degree, and was sentenced to a maximum of 8 to 24 years in prison and must cooperate fully in clearing the titles of the properties involved in the real estate scams. |
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