BY: USDOJ | BocaNewsNow.com
MIAMI, FL (BocaNewsNow.com) (Copyright © 2021 MetroDesk Media, LLC) (Source: USDOJ Verbatim) — Today, the last of six South Florida family members was sentenced to a term of imprisonment, and ordered to pay a total of $1,342,928.77 in restitution, following her conviction by way of guilty plea in August 2020, to conspiracy to commit bank fraud. Ana Cummings, 61 years old of Davie, Florida, was sentenced to 27 months of imprisonment.
During prior hearings, Cummings’s sons, Valentin Pazmino (34 years old) and Rene A. Pazmino (36 years old), were sentenced to 27 months and 18 months of imprisonment, respectively. Her daughters, Grace Pazmino (43 years old) and Diana Pazmino (31 years old), were sentenced to 27 months and 22 months of imprisonment, respectively. Her son-in-law Jared Marble (43 years old, Grace Pazmino’s husband), was sentenced to 16 months of imprisonment. All sentences were imposed by United States District Judge Jose E. Martinez following guilty pleas. Pursuant to their plea agreements, the defendants made a full payment of the restitution judgment prior to their sentencings.
According to court documents, various defendants participated in a series of ten fraudulent real estate short sale transactions in South Florida between May of 2012 and June of 2015. Cummings and Grace Pazmino participated in all ten of the fraudulent short sales. Diana Pazmino and Valentin Pazminoeach participated in nine of the fraudulent short sales. Marble participated in three of the fraudulent short sales. Rene A. Pazmino participated in two of the fraudulent short sales. In each short sale transaction in which they participated, the defendants made materially false statements to a financial institution in order to defraud it into approving the short sale. Specifically, the defendants executed short sale affidavits and affidavits of arm’s length transactions falsely attesting that the sales were between unrelated, unaffiliated parties. In reality, the sales were between and among the defendants, companies controlled by the defendants, and/or individuals recruited by a defendant to participate in the fraud scheme. Members of the conspiracy also executed HUD-1 Settlement statements misrepresenting that the named buyer made the required cash-to-close payment. In reliance on these material representations, various financial institutions authorized property sales for amounts less than the outstanding principal balances due on mortgages they held on the properties, thereby incurring losses.
Ariana Fajardo Orshan, United States Attorney for the Southern District of Florida, Tyler R. Hatcher, Acting Special Agent in Charge, Internal Revenue Service-Criminal Investigation, Miami Field Office, and Special Agent in Charge Edwin S. Bonano of the Federal Housing Finance Agency – Office of Inspector General (FHFA-OIG) Southeast Region made the announcement.
U.S. Attorney Fajardo Orshan commended the investigative efforts of the Internal Revenue Service-Criminal Investigation, Miami Field Division and the Federal Housing Finance Agency – Office of Inspector General Southeast Region.
Content copyright © 2021 Metro Desk Media, LLC. All Rights Reserved. BocaNewsNow.com ® is a registered trademark. We vigorously protect our intellectual property and journalistic product. Broadcast stations must credit BocaNewsNow.com on air. Print must refer to BocaNewsNow.com. Online must link to BocaNewsNow.com. We have agreements with several organizations. Contact news (at) bocanewsnow.com. Call 866-4-FL-NEWS. Arrest reports are police accusations. Guilt or innocence is determined in a court of law.
The Latest From BocaNewsNow.com
- SIRENS: Car Burns In Mizner Country Club, Car Crashes In Kings Point, Person Drunk In Publix
- Fort Lauderdale Airport: Parking Back To Normal, Garages Open Again
- Boca Raton Woman Missing, Police Ask For Tips
- Boca Falls Resident Charged With Weapons Offense
- As Nu Variant Fears Spread, Palm Beach County Holding Steady According To Kinsa
- SIRENS: Choking In Delray Beach, Fainting In Seven Bridges, Assault At Walgreens
- Despite Aaron Singerman Arrest, Federal Plea, Boca Soccer To Keep Kids In RedCon1 Shirts
- FLL Parking Garages Now Full, Overflow Open
- Woman Drives Into Parking Garage Wall At Polo Club, Is First Paralyzed, Then Dies